Around the globe, a widening gap exists between the need for project management professionals and the available workforce to fill these vital, rewarding roles. According to the Project Management Institute, the global economy needs 25 million new project professionals by 2030, as an increasing number of jobs require project management-oriented skills. Demand is especially great in rapidly developing economies, but nearly every organization everywhere needs skilled and savvy project managers to drive change and innovation.
The field’s rapid expansion stems in part from the global economy becoming increasingly project-oriented. It will be critical to upskill the current workforce and introduce project management to a new generation of professionals to meet demand.
Sources: PMI (2021). Talent Gap: Ten-Year Employment Trends, Costs, and Global Implications.
The surge in hiring of dedicated project managers spans a wide spectrum of organizations — from information technology and manufacturing to construction and government and defense. The practice also is growing in industries that traditionally have been less project-focused, such as healthcare, publishing and professional services.
Project managers bring immense value to all kinds of entities with their ability to see the big picture while ensuring that even the smallest detail gets addressed. Time and cost management expertise, and planning and analytical proficiency, are key to bringing complex initiatives to fruition, while communication and problem-solving skills are critical to collaborating with all team members and stakeholders. Whatever the task, the project manager ensures that the organization moves in the right direction — forward.
As this dynamic profession continues to evolve, our online Master’s in Project Management will ensure you are equipped with the expertise, skills and confidence to excel and remain a leader throughout your career.