Project Management: A Promise of Success!

Scope and Future of Project Management

 

PricewaterhouseCoopers, the second largest professional services firm in the world headquartered in London, claims that “Stakeholder satisfaction, timely delivery and staying within budget top [are] the list of measures that indicate a project’s success” ( www.pwc.com ), and such parameters can only be executed if the company under consideration has a pool of efficient resources chiefly the project managers. A project manager is an essential entity in any company and a competent project manager relying heavily upon Project Management Methodologies can bring about huge success for every project, whether big or small.

Have a look at another “BIG” undeniable emerging fact

Project Management is the backbone of every company in every sector. With increasing years, there is a steep rise in the demand of project managers across the globe and there is a reason behind it. The reason behind this fact is that almost every sector depends on project management solutions for higher-performing projects.

Do you know which countries are desperately looking for Project Managers?

 

Project Management

Image Source: https://www.pmi.org/learning/thought-leadership/pulse/talent-gap-2020

Almost all the countries are witnessing growth of the project-intensive sectors. Countries such as United States, United Kingdom, United Arab Emirates, India, China, Germany, Brazil, Japan, Saudi Arabia, and Canada have been reportedly investing in industries which require large number of project management teams. In India alone 8,857,845 project management professionals are in demand. A huge number! Isn’t it?

PM Market is Growing Rapidly….

PMI’s Talent Gap Report points out the fact that 15.7 million new project management roles will be created within a decade of 2010 to 2020. It further states that this profession is likely to grow by US$6.61 trillion towards the end of this decade. It is undoubtedly true that the Project Management Market is growing rapidly with leaps and bounds.  As such, the Talent Gap Report on Project Management states that with the growth of project-intensive sectors, “project management roles are expected to grow by 13.4 million through 2020.”

Now Let’s have a look at the “Project Intensive Industries” or the Major Sectors which hire Project Managers

PMP

Image Source: https://www.pmi.org/learning/thought-leadership/pulse/talent-gap-2020

Check out the Responsibilities of a Project Manager in such Diverse Sectors…

Health Sector

The areas of focus are…

  • Supply Chain Management
  • Demand Management (Services)
  • Material Supply Management
  • Recruitment Management
  • Technical Management (Ambulances, Police)

Management Consultancy

The areas of focus are…

  • Designing Methods and Processes
  • Project Organization
  • Cost and Time Management
  • Resource Management
  • Oil & Gas

    The areas of focus are…

  • Managing projects related to innovation of eco-friendly fuels
  • Production Management
  • Supply Demand Chain Management
  • Construction

    The areas of focus are…

  • Contract Administration
  • Time Management
  • Procurement Management
  • Supply Chain Management
  • Quality Management
  • Information Technology

    The areas of focus are…

  • Activity Planning and Sequencing
  • Resource Planning and Developing Schedules
  • Time and Cost Estimating
  • Risk Analysis
  • Monitoring and Reporting Progress
  • Banking Sector

    The areas of focus are…

  • Managing Cost Effectiveness
  • Risk Management
  • Front Office Integrations
  • Managing Documentations and Executions of New Policies
  •  

    PM Market is on Rise, So the need to undergo training!

    Project Management Market is expanding day by day, so there is a need to know what the world wants you to know. Project Management definitely holds the promise of success. Contextually, this is the right time to undergo PMP training so that you can avail the maximum of the opportunities available and it is true that opportunities are maximum NOW! You may undergo training at a well established training center that offers you the best training ever possible. ETLhive training institute provides the best PMP Training in Pune which provides detailed knowledge and hands-on experiences on Project Management Framework, Project Management Processes, Project Integration Management, Project Scope, Cost, Time, Quality Management, and many more. The course enables you to gain expertise in managing, executing, and delivering projects. Such a knowledge and hands-on experience will help you even clear the PMP Certification Exam with flying colors! By choosing ETLhive, you choose the best for yourself! Make the best of this time and time will be yours

    January 14, 2017

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