In my engineering group, we don't have project managers or analysts. We have product managers (who are responsible for much more than a project manager, and make more than the average PM, methinks). The lead engineer on each project does some PM-y tasks, but it's generally up to the product manager to produce the documentation/charts/spreadsheets.

In our operations group, there are PMs, but they are responsible for more than managing programmers on projects--they oversee the whole project, and must manage the resources from several sub-groups. Additionally, they are the first point of contact for the client. They are well-compensated, but they are also responsible for the whole of a client project.