Project Management Talent Gap Report from PMI


project management talentPMI’s recent Project Management Talent Gap report shows that by 2027, the project management-oriented labor force is expected to grow by 33 percent in project-oriented industries across 11 countries.

 

Skills in project management are what employers need—in fields as diverse as manufacturing and construction, management and professional service, finance and insurance, information services and publishing, and health care. Even industries that are not highly project-oriented will experience growth in project management-related openings.

 

This trend, introduced in PMI’s first talent gap analysis completed in 2008, has grown, and even outpaces the projections in their second analysis completed in 2012. The report provides three reasons for the increasing gap:

  • A dramatic increase in the number of jobs requiring project-oriented skills.
  • Attrition rates, including professionals retiring from the workforce.
  • A significant uptick in demand for project talent, especially in rapidly developing economies such as China and India.

 

Generally, the global economy has become more project-oriented, as the practice of project management expands within industries that were traditionally less project-oriented, such as health care, publishing and professional services.

 

The biggest percentage increase in project-oriented jobs among US sectors analyzed by PMI was in healthcare, at 17%.

 

On an annualized basis, employers will need to fill nearly 2.2 million new project-oriented roles each year through 2027.

 

Access the full report here.

 

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