The year 2020 will most certainly go down in history as a challenging year. It may also be the year that accelerated change for individuals and businesses and created an even greater Project Management Skills Gap driving more project investment. If history has taught us anything, it’s that investment in projects has typically been used to stimulate economies, provide immediate job growth and stimulate spending.

A quick overview of The PM Skills Gap

The presentation on The Project Management Skills Gap covers, the size of the opportunity in project management and the impact of a skills shortage on individuals and project management teams.

Projects are growing globally, and it’s projected that, over the next decade, organisations of all sizes and types will need tens of millions of people working in project management roles. On an annualised basis, employers are likely to need to fill over two-million newly created project-oriented roles each year through to 2027.

There is heightened scrutiny on spending and limited scope for increased spending. This means that organisations are taking more care of how, and where they outlay their money, and they want project professionals to deliver their projects.

Resource planning is a commonly overlooked phase and can be a significant contributing factor to project failure.

A few things to think about at the early or concept phase of your project(s) is:

  1. What talent resources are required?
  2. Where is this talent
  3. How long will you need them?
  4. How long will it take to get these resources?
  5. What are you doing to manage your current talent resources,?
  6. Who are your resourcing partners?

What causes the skills shortage?

The skills shortage is caused by the number of projects being invested in at a local and global level. This investment in Projects which will continue to drive a significant upsurge in demand for project talent.

Projects change the world, and project management professionals are the change agents.

This is one profession where life is never dull and where demand for skilled practitioners will continue to be high.

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