Future of PMP certification

Future of PMP certification

Learning Mudra, Category - PMP

PMI quotes there would be a requirement of 7 million new project managers in the next ten years and India is going to emerge as the fastest growing country in the project management world. Doesn't it sound good? Guess, it is. The growth in project management directed occupations are going to be on account of growth in key sectors like construction, data services, technology, publishing, finance, insurance, and manufacturing as such. By 2027, we can have the second- largest variety of project management-oriented jobs within the world (218 lakh), solely behind China (460 lakh) and obviously there would be preference of PMP certified individuals.

Quoting on the small glimpse of future possibilities, there will be an acute need of more than 7 million (approximately) proficient project managers within the next ten years to avoid delays and step-up of budgets in key industries like roads, railways, IT and construction/manufacturing as quoted by PMI. The project management jobs continue to outshine the labour market, thanks to each growth and attrition. However, the potential talent shortage puts in danger a complete of nearly USD 208 billion in GDP from 2017-2027, for the eleven countries assessed.

PMP certification of the PMI imparts the required knowledge, collaboration, and technology to succeed. The project managers assess their skills, and align them to the new market necessities. A number of the opposite issues for next-gen project managers embodies the flexibility when it comes to the organization’s purpose to meet the short term and long-term goals. Meeting project goals is not sufficient; a project manager should contemplate a project’s impact to the organization’s business. They need to even be cognizant of today’s multi-generational personnel, and knowledge to figure out working with folks from different generations and backgrounds. The young professionals would look at their seniors as mentors, and develop relationships sidewards, upwards, outwards, and downwards that means in multiple departments.

Information Technology

It is tough to imagine this sector while not recognizing the contribution from project management that has helped several IT firms execute several important projects. From these come multi-billion-dollar revenues for international firms with operations in multiple locations. Quality, on-time delivery, and cheap prices are crucial for a client. The IT sector recognized these imperatives timely in its journey and has since been meeting these client expectations by recruiting PMP certified individuals. By the inclusion of project management professionals, the IT firms are succeeding in enlarging the firm’s scope and enhancing the quality of projects. The IT sector works entirely on a project basis from designing and programming to managing crucial interfaces with users and vendors.

Artificial Intelligence

With the advent of many new age technologies, the application of Artificial intelligence can fully reshape the project delivery and its quality. Within the next 3 to 5 years, the PMP certified individuals would have the ability to make the decision from their mobile phones through Siri, amazon Alexa or even the google assistant as such and may verbally log their daily progress reports. The project team members can associate with the AI engine, which can analyze all of their reports and can supply dynamic standing updates on progress. Even wonderful is that those standing reports can embody recommendations to the team on the way to improve performance, and can recognize threats that might affect the project.

Risk Management

Risk management is something that will be buzzing around in the following years to come. For the PMP certified individuals, this is one of the most demanding topics. With the widespread use of agile project management techniques in many organizations, risk management will become a necessity for project professionals. For identifying the risks there is an availability of softwares, which are in use predominantly in the project management world. Also, there is still a need to spot potential budget or scope overreach and at the same time maintain the organization over the specific projects.

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Cyber Security

Cyber security will be at the front and center of organizations. We often hear the news about how the firms and government organizations suffer malicious attacks. With cyber-attacks anticipated to extend, security can become a very important space for the project managers and it is not essentially the technology that goes into a project, however the project managers and their teams are going to be accountable for guaranteeing that the deliverable is secure. A project manager is accountable to handle the project from its beginning to completion. This can be the rationale project managers’ area where they perpetually are in nice demand. No doubt, a career in project management is one among the high level and most bounties careers.

Conclusion to the Topic: Future of PMP certification

The future is going to rely on many core qualities of project management professionals and some of them are soft skills, which will be the necessity for the smooth flow of communication. With increased complexity of projects and multi-facet knowledge requirement, the Project Manager Professional would be in great demand. Design thinking would help the PMP in bringing out the solutions for which incorporated methodologies are utilized. It is quite tough to imagine the project manager professional’s work without an efficient project management tool and so there will be continuous enhancement of the tools and the software. In all, there is a bright future of project management.