A lot of people see great opportunity in the marketplace to do supply or product opportunities — somebody is willing to sell them something for a better price if they put cash up front. He got a great margin on his product and he paid us back within a month. We get paid back when they get paid. Mildenstein is a great believer of the great British entrepreneur.
Earlier in the year a report survey entitled The Future of Project Management Professional was undertaken to examine how the industry would look over the years ahead. To do this, project management professionals will need to broaden their strategy, change management, risk management and agile skills to help business realise their organisational goals.
However, 90 per cent thought that risks would also emerge which needed to be managed. In the future, believed respondents, project managers will have to learn in very different ways to their counterparts in the past.
Around 70 per cent believed online learning will replace traditional education routes and 74 per cent thought learning would become gamified and interactive. To continue to add value, project managers need to anticipate future demands to meet current organisational needs.
There were 90 per cent who said that ongoing training would be vital to keep up with the pace of change, and that there would be a need for more creativity and flexibility when it comes to project management.
Agility was also a theme that emerged in the lyonsdown business reporters, with the last few years seeing a huge increase in the adoption of agile-type methodologies — with 84 per cent of project managers agreeing that Agile working would grow in importance.
Project managers need to ensure that they have the necessary skills to work in an agile way, and demonstrate that their response to project delivery is fast-paced, flexible, and business-oriented. With lyonsdown business reporters Association for Project Management APM opening a Register of Chartered Project Professionals in Springover the next 12 years we will have a significant number of assured and skilled professionals who can lead the delivery of projects for the public benefit.
The PwC World in report forecasts that the world economy could more than double in size and that emerging markets will continue to be the growth engine.
Growth will be delivered through both increasing the number and complexity of the projects to be managed worldwide. While some of these forecasts may be wrong or arrive at varying speeds, how do we ensure that projects continue to succeed in the future?
What trends and drivers in society, technology, economics, environment and politics will have global impacts on the way we deliver change through projects? Using this we can predict how the project profession will reach its full potential in In moving towards greater automation, companies need to rethink the role of people and provide training to prepare their employees for this new work environment.
Work will be transformed as artificial intelligence and robotics grow more sophisticated. High-frequency trading algorithms have been in use in the finance sector for some years and other professions such as the legal and medical professions are exploring possibilities for automation.
Human-machine collaboration will open the way to virtual and network-based companies as everything shifts online and project management will be needed to ensure a consistent approach is taken across the disparate digital platforms.
Key project control functions carried out today are potential areas for automation in project delivery. As companies redesign jobs and workforces, questions arise around the eventual limits of automation. Even in a future where professionals across the world have been gradually replaced by increasingly capable systems, core elements of project management will still provide an irreplaceably human combination of leadership, analysis, integration of specialists, and ethical behaviour.
Equally, byhalf of the global workforce will be millennials. Multi-generational workforces will become the norm and this will bring new challenges balancing their different skills and experience.
It is also predicted that men and women will share family responsibilities more equally, with women making up two thirds of the net growth in higher-skilled jobs until The application of digital technologies in construction can make organisations more efficient, currently saving per cent, so investment in technology will be key in creating a sustainable future.
In Europe the number of freelancers grew by 45 per cent in to almost nine million, and Forbes predicts half the US workforce will be independent workers, contractors and temporary workers by Employers have access to skills on an ad hoc basis, requiring fewer staff on their payroll, but this poses challenges in terms of job security, staff loyalty and approaches to training and professional development.
The project profession provides the opportunity for people to develop a set of transferable skills that is well suited to the gig economy. Suitably qualified people can commit to a project, make a difference then move on.Lyonsdown is an established media company that is the UK’s leading publisher of special interest reports and editorials.
Distributed with The Daily Telegraph, The Sunday Telegraph, The Guardian Title: Business Development . Learn about working at Business Reporter.
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