According to the official data published by Project Management Institute (PMI), by now there are more than 1,000,0000 people who has gained the PMP certification around the world. That means the project management standard created by PMI already has a global influence for the past decade. Getting PMP certification has become a trend for all the project managers and become very critical for their management profession.
So now a new question has been risen: what is the next big trend for project management profession?
PMI might have answered part of that question in the article “Pulse of the Profession 2020”.
At the beginning of 2020, PMI published a research article called “Pulse of the Profession 2020”, which indicates how a organization or a persona can gain advantages through project economy.
Organizations have brought themselves a great amount of risks by underestimating the value of project management and project performance. According to “Pulse of the Profession 2020 – Ahead of the Curve: Forging a Future – Focused Culture”, the newest investigation article published by PMI, “11.4% of investment is wasted due to poor project performance”, the article also emphasize that “And organizations that undervalue project management as a strategic competency for driving change report an average of 67% more of their projects failing outright.”
“The beginning of a new decade is ushering in a world full of complex issues that require organizational leaders to reimagine not just the nature of work, but how it gets done. ” PMI’s vise president of Global Solutions, Mike DePrisco said: “Now an essential business asset, change happens through projects. Organizations are undergoing a fundamental paradigm shift in which projects are no longer adjacent to operations but instead primary to how work gets done and problems get solved.”
This year’s “Pulse of the Profession” (hereinafter referred to as “Pulse”) has deeply explored the essential factors which determine whether or not an organization will succeed. It is gratifying that over half (53%) of the respondents of “pulse” expressed highly recognition of building a organizational culture of embracing change. When facing change, executive leaders identified the three most important factors to achieve success in the future were: organizational agility (35%), choosing the right technologies to invest in (32%) and securing relevant skills (31%).
PMI’s research shows that the leading-edge organizations adopting three tenets:
1. Ability is agility
It doesn’t matter how brilliant a strategy might be or how amazing a product idea is if it’s rendered moot by a supply-chain disruption or a new technology. Organizations that cat fail fast and pivot to what’s next are best positioned for the future.
2. Invest not only technology, but also people.
Disruptive technologies like AI and machine learning, are only as smart as the people behind them. Executives and project leaders must have the training, processes and talent to get the job done right. Data of “Pulse” indicates that, 61% of respondents report their organization provide project management training, and 47% have a defined career path for project management professionals. Organizations are also raising the bar on expectations: “Pulse” data show that more than half (51%) of organizations require project professionals to hold some type of certification for their role.
3. Don’t get restricted by title or functional area – it’s a project leader’s world.
With so much change, executives are increasingly turning to project leaders to help them turn ideas into reality. And that often requires nowadays project manager mixing tried-and-true skills with emerging ones, such as technical proficiencies, leadership acumen, business strategy and digital skills, which can be used to evaluate and control the project schedule, examine the deliverable, support the customers. In project economy, project manager have to break the “walls” between different functional areas, in order to better lead the cross-functional teams.
“In many ways, the organization is its projects – led by a variety of titles, executed through a variety of approaches, and focused unwavering on delivering financial and societal value. This is what we called the project economy.” said DePrisco. “In project economy, many organizations think project managers as experts, who can deploy global technology and motivate appropriate team members to help organization gain achievement faster.”
About PMI’s “Pulse of the Profession”
Begins in 2006, PMI’s “Pulse of the Profession” is annual survey deployed by project management practitioners all around the world. “Pulse” is global survey of project, program and portfolio managers tracking the major trends in project management. “Pulse” also contains data analysis from third parties.
“Pulse of the Profession 2020” collects feedback and opinions from 3,060 project management practitioners, 358 executives and 554 project leaders. They are from multiple industries, including Information Technology (IT), Finance Service, Government, Manufacture, Energy, Architecture, Medical Treatment and Telecommunication. They are from all over the world, such as North America, Europe, Mid-East, Africa, Southeast Asia, China, India, Latin America and Caribbean Area and so forth.
Viewers can read the article “Pulse of the Profession 2020” via the following link:
About PMI and Project Economy
PMI (Project Management Institute) is a leading global association of project, program and portfolio management. In order to embrace the world of project economy, PMI helps more than 3,000,000 professionals all around the world through global publicity, corporation, educatioin and research. In the future world of project economy, works and people will be organized focusing on projects, products, programs and values. By the past 50 years’ development, PMI promoted career development, improved institution achievement, and drove project management to its maturity in almost every nation all over the world, through its global standards, certifications, communities, resources, tools, academic researches, publications, career development courses and communications.
As a part of the PMI’s big family, ProjectManagement.com created online global communities , to bring more resources, better tools, larger network and broader vision.