The Project Management Skills Gap


The year 2020 has been one of the most challenging years in recent times. It has certainly been a year that has accelerated change for individuals and businesses and highlighted the Project Management Skills Gap.


If history has shown us that investment in projects has typically been used to stimulate economies and it is this investment that is driving the Project Management Skills Gap.




A quick overview of The PM Skills Gap


The presentation on The Project Management Skills Gap covers, the size of the opportunity in project management and the impact of a skills shortage.


Projects are growing globally. Based on market projections, over the next decade, organisations of all types and sizes will need people working in project management roles. On an annualised basis, employers are likely to need to fill over two-million newly created project-oriented roles each year through to 2027.


There is more scrutiny on spending and limited scope for greater spending. This means that organisations are taking more care of how, and where they outlay their capital, and they want professionals to deliver their projects.



A few things to think about at the early or concept phase of your project(s) are:


  1. What talent resources are required?
  2. Where is this talent
  3. How long will you need them?
  4. How long will it take to get these resources?
  5. What are you doing to manage your current talent resources,?
  6. Who are your resourcing partners?



What causes the skills shortage?


Just consider the number of projects being invested in, at a local and global level. It is this investment in Projects will continue to drive a significant upsurge in demand for project talent.


Projects change the world, and project management professionals are the change agents.

This is one profession where life is never dull and where demand for skilled practitioners will continue to be high.


Click here to view our presentation and learn more The PM Skills Gap

 


Contact Us



07 Jun, 2023
Attraction and retention “How to attract and retain talent, in the scope of major infrastructure projects” for Australian Local Government Infrastructure Yearbook 2021 https://algiy.partica.online/algiy/algiy-2021/flipbook/122/ Major Projects Conference 2022 https://www.nswconference.com.au/speakers.html Webinar Webinar briefing – sample of what we have delivered in the past (targeted at Graduates) in partnership with AIPM https://www.youtube.com/watch?v=Au7tNN0_tbU Are employers spending sufficient time supporting staff and building a resilient culture? What’s an acceptable staff turnover – none, 6%, 15%? https://www.linkedin.com/feed/update/urn:li:activity:6833872083806769152/ The Future of PMOs - PMO Vision 2030 ProNEXUS were of the PMO Vision 2030 - The Future of PMOs Workshop. The workshop was to discuss the impact and effectiveness of a PMO/EPMO function as part of the Association of International Project Management Officers (AIPMO). Feedback/what to expect from us: Extremely relevant. Massive importance trying to retain & employ Loved the presenter’s style and outlook The conversation style flowed very well Presented really well. The casual approach made for easy and open Conversation. Very relevant topic Engaging speaker, supported by presentation that was shared post meeting Good interaction, more of a conversation than a typical presentation. Nik was excellent. Great perspective and good tips There was some robust discussion particular around different views. Challenging member views was very good The casual approach made for easy and open Conversation. Good speaker, very interactive The feedback was very positive and averaged the following ratings out of 10 for your presentation:  Relevance of Topic: 9.2 Guest Speaker: 9.5
30 Dec, 2022
The role of a Project Sponsor is to work closely with the Organisation to provide governance and leadership. What makes a good Project Sponsor? An effective Project Sponsor is able to articulate and demonstrate the strategic value of a project at the Board, Organisational, and Project level. They understand the importance of developing and refining the business case and ensuring this aligns with the business strategy. The Project Sponsor typically has a depth of experience within the organisation and is a well-respected individual. The most successful Project Sponsors have a consistent track record in leadership and they are effective communicators. They have demonstrated their capability to influence all facets of the business. What does a Project Sponsor do? A Project Sponsor is part of the initial planning phase of a project. They work in collaboration with key stakeholders to determine what the key outcomes should be. They will:- Determine the availability of resources (financial and human capital) Approve project scope and changes Formulate an ongoing communication plan Work on refining the implementation strategy from project status to business as usual Approve (sign off) each phase of a project Provide support to the project and help resolve conflict or potential conflict Put in place the necessary project controls Help to mitigate risks and remove obstacles that may deter progress Be resilient and emotionally intelligent Ensure adherence to Governance standards Agree to “what success looks like” It is this macro view that adds a certain level of credibility and legitimacy. The Project Sponsor should be the key decision-maker. They are ultimately responsible for delivering the project and adding value to the organisation. The success of the project isn’t about ticking the various boxes along the way, ensuring. What does an Executive Sponsor do? While the Project Sponsor is appointed by the organisation the Executive Sponsor is appointed by the Board. The link between organisation and its project governance practices. The Executive Sponsor is usually a Senior Executive. They will have an intimate understanding of their strategy, financial position, organisational culture, and market dynamics. As such they carry a level of authority and influence beyond just being a project advocate. How much influence does an Executive Sponsor have? The Executive Sponsor will have the necessary influence to determine how a project is progressing, they are focussed on delivering beyond just quality and outcome, they want to ensure the investment yields a return from a strategic, financial, cultural, and market position. Should the Project not deliver against some or all of the pre-determined criteria the Executive Sponsor would be well within their scope to question the organisation’s investment. They can either defend or challenge the Project’s progress. Regardless of whichever position they take, they are (as a Board appointed representative) accountable to the Board. With any strategic role, all parties must take the time and make time to ensure the Project and its stakeholders (including the Board) and engaging on a regular basis. Contact Us Sources Crawford, L. & Cooke-Davies, T. (2005). Project governance: the pivotal role of the executive sponsor. Paper presented at PMI® Global Congress 2005—North America, Toronto, Ontario, Canada. Newtown Square, PA: Project Management Institute. International Journal of Project Management Time and budget: the twin imperatives of a project sponsor Volume 15, Issue 3, June 1997, Pages 181-186 JNevan Wright Auckland Institute of Technology, Auckland, New Zealand
21 Jul, 2022
It’s a competitive market, control what you can? If you want Control and influence in a competitive job market, it requires preparation, persistence, and above all it a positive attitude. It’s not as hard as it may seem. There are many things that you can do to put yourself in the best possible place to succeed when looking for a new position. We have broken down what you can control and influence in a competitive job market into just a few areas:-
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