Organizations around the globe are facing a major project management skills gap: a deficit between their project needs and the capacity of their staff to bring those projects to fruition. The Project Management Institute estimates that the talent gap could result in a potential loss of some $207.9 billion in GDP through 2027. No single industry or region is immune. As the global talent shortage looms over the industry, project management professionals wanting to keep pace will need to develop new skills and embrace transformation.
The global demand for more advanced project management and project controls skills has been recognized by those already working in the industry. Last summer, the Project Controls Academy hosted its first-ever Project Controls Virtual Summit, with nearly 1000 people attending from around the world. Management Solutions was a top tier sponsor of the event and CEO Misty Mayes was a featured speaker for multiple sessions. The summit’s 7-week program offered nearly 40 hours of continuing education credits to attendees. Of the nearly 1000 attendees, only 30 percent were from the United States. There were over 70 countries represented in total. The top ten non-US countries represented were Canada, United Kingdom, India, UAE, Brazil, Saudi Arabia, South Africa, Qatar, Nigeria, and Australia. Industries represented were just as diverse.
There were 17 different sessions offered, but the most highly attended sessions were those that offered project technology training and tools as well as communications and methods for handling crises.
The dramatic global growth and demand for project management and project controls professionals is creating sustainable career opportunities for millions of people. Individuals with the skills to manage complex initiatives from concept to closeout, and to do so on time and within budget, will be highly sought after throughout the rest of this decade.
Backed by over two decades of experience, a seasoned professional team and investments in new capabilities and operations, Management Solutions is pleased to be at the forefront of efforts to provide solutions for the global shortage of project managers and controllers. Through our core business and training platforms we are excited to continue our customer partnerships across the U.S. and now in Europe. We look forward to helping organizations realize the potential of their existing staff and to assist in up-skilling their teams to meet future project demands. As always, our goal is to deliver significant cost reductions, improved efficiencies, expedited project completion and increase business values.
At the same time, we continue our commitment to create career opportunities for the next generation of project management and control professionals, and especially provide opportunities and social mobility for women and historically under-served communities. Management Solutions’ goal is to be at the vanguard of efforts to provide meaningful work, dignity, and improved quality of life to people no matter where they live or who they are.