If you are considering a prospective career in 2021 that will still be relevant in our fast changing world, then you should definitely look into the project management career path.

In this video you will learn about increased demand for Project Management oriented employees in different industries, what salary you can expect in your country of occupation, and the skills you need to be successful in a Project Management career.

Timecodes:

0:00 - Intro
0:43 - Positions in management
0:56 - Demand for project management-oriented employees
1:14 - PMOEs in different industries
1:30 - Salaries in Project Management
2:08 - Need for Project Professionals
2:43 - Soft Skills
3:51 - Technical Skills
4:48 - Certifications in Project Management

Project professionals are highly valued in all industries. If you know how to apply appropriate knowledge, skills, tools, and techniques to project activities, and you are able to meet the project requirements, then you are a precious talent for your company regardless of the industry.

There is a high Demand for project management-oriented employees (PMOE), and it’s growing faster than the demand for employees in other occupations. The global economy needs 25M new project professionals by 2030.
Source:
PMI (2021). Talent Gap: Ten-Year Employment Trends, Costs, and Global Implications. [ Ссылка ]

Salaries in project management vary from country to country. The salaries of project management-oriented employees in projectized industries is on average 78% more than that of non-project management-oriented ones.

The top five countries where project professionals have the highest median salaries are:

Switzerland ($132,086)
United States ($116,000)
Australia ($101,381)
Germany ($96,987)
Netherlands ($93,839)

Source:
Earning Power: Project Management Salary Survey—Eleventh Edition (2020). [ Ссылка ]

Effective project management practice is the key to increasing return on investment (ROI). So, companies are taking measures to improve their project success rate and earn high ROI.

In recent years, most companies are responding to technological challenges and customer needs by introducing transformational and strategic products and services. These initiatives are usually implemented through projects.

To mitigate issues leading to project failures, decision makers are creating more project management career options in their companies. This attracts new qualified talents who will lend a helping hand to improve the project success rate.

PMI claims that 93% of organizations use standardized project management practices. So, if you are considering a career in project management you should have a certification that helps you navigate these practices.
Source: PMI (2020). Ahead of the Curve: Forging a Future-Focused Culture. Pulse of the Profession. [ Ссылка ]

8 skill every project manager needs to get ahead

Communication skills - as a project manager, you will spend a significant amount of time communicating information flow between stakeholders; therefore, being a good communicator is a must.

Leadership skills - project managers should build an inspiring vision and ensure that every member of the team is motivated to carry out his or her part in the project successfully.

Time management - as part of their role, project managers need to ensure that the project does not go beyond its defined deadlines since it will affect the project success in a negative way, which may even result in failure.

Flexibility - as a project manager, you have to be flexible in terms of adapting to changes that may happen during project implementation.

Planning and forecasting - as a project manager, you should be able to properly plan project timeline and resources. This can be challenging since in the initiation phase most of the activities are uncertain and require detailed forecasting.

Risk management - risks are inherent parts of all projects. It is the responsibility of project managers to effectively manage and mitigate risks by adopting sound risk management processes.

Budgeting - all projects are constrained by budget, so tight control of the project costs is one of the key priorities of project managers.

Project management software - project managers need to be able to use different types of project management software to streamline the communication between the team and to properly track and monitor project progress.

#ProjectManagement #ProjectManager #ProjectManagementCareer #ProjectManagementSkills

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