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Change is king!

Change is king!

When change reigns, the demand for fresh talent in project management grows. This was the key conclusion made by PMI® (Project Management Institute) in its latest findings regarding the project management job market. In its report published in November 2017, PMI® stresses that with every year, the gap between the demand for qualified project managers, and their market availability is steadily increasing. This trend has been visible since the first PMI® jobs report was published in 2008, even when the global economy was in the middle of a crisis. Today, according to the statistics published by Forbes, 2017 has seen the smallest number of countries ever to have experienced an economic slowdown (only 4), the global economy is flourishing, and thus the gap between the demand for qualified PMs and their availability is expanding even further.

The main reasons for this increase, according to PMI®, are:

  • A significant rise in the number of positions where competencies related to project management are required, in response to continuous changes in the business environment
  • Demography - in developed economies, a sizable proportion of experienced project managers are leaving the labour market and retiring,
  • A strong increase in the demand for project managers in fast-growing economies (China, India).

This trend will continue over the next decade. PMI® predicts that by 2027, the demand for qualified project managers will increase to 87.7 million persons. According to the same report, the gap between job openings for projects managers and the number of available project managers may lead to the loss of USD 208 billion of GDP in the 11 fastest-growing economies in the world.

Therefore, it can be said that project management is becoming the profession of the future, and the demand for competencies in this dynamically developing field will increase constantly. For this reason, it pays to develop in this area, invest in training, certification, but also gain new, international experience in order to become a beneficiary of this already clearly visible trend.