21st Century Project Management Demographic Challenges
A Shortage of Qualified Project Management Professionals
At the beginning of 2009 many people see “unemployment” as an overwhelming problem. However, a lack of resources and human capital is more likely to be the bigger challenge of the 21st century. The number of experienced project management professionals falls far short of requirements.
Interesting EstimatesAs the world’s largest professional project management organization, the Project Management Institute (PMI) estimates there will be a huge shortage of project management professionals. The number was projected to reach the millions within a few years. This is due to the growth of the world economy particularly in so-called developing countries but also because many seasoned professionals are about to retire in the so-called developed countries. Independent of the actual economic situation, developments of technology add to this trend. They are likely to increase the requirements for professionals that are able to handle interconnected environments, instantaneous communication across organizational, geographical, cultural borders and software applications, along the supply chain.
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Important Definitions
"Project Portfolio"Any kind of grouping of projects to enable the joint management of schedules and resources. Portfolios are tied to the organization's strategic objectives. What does that mean for 21st century projects?
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New Ideas
Changing Nature of Project ManagementProject and program management in the 21st century already has substantially different characteristics to the 20th century. Rapid technology advances are changing the playing field. Traditional project management applications are insufficient to deal with the tasks at hand. While 4th generation, back-end integrated, applications are not even yet widely implemented, the first 5th Generation collaborative system solutions start taking shape.
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