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No, he/she doesn't need to be a technical expert in the subject matter. He/She needs to be an expert in project management to succeed in achieving project goals within budget and within planned time frame.
A project is an entity and it's success is translated into a working and fit to purpose device/machine/plant/software. I shall just ask a question: How do you know whether the solution you propose is fit? Just asking the stakeholders? How do you support/explain to project sponsor your technical proposal. if do not know something more than basics?
It's good for a project manager to have a techinical background.
Sure its like Palm and back of the hand