Prepare for Career Opportunities
The demand for project managers is predicted to increase dramatically over the next decade, driven by the consolidation of roles and responsibilities in many organizations and the need for professionals who possess both technical and managerial expertise.*
A Growth Industry
- By 2016, spending in project-oriented industries will increase by $4.5 trillion.*
- Project management ranks number 11 among the top 25 job categories most in demand by recruiters.†
- As of mid-2009, there were 346,000 certified Project Management Professionals (PMP) worldwide. Their number grew from 160,000 in 2004 to 253,000 in 2007.†
- The gap between the supply of and demand for PMPs is expected to widen, with as much as $123–194 billion of the “projectized” global gross domestic product at risk by 2016.†
- An average of 1.2 million job openings are predicted globally for project-oriented occupations between 2008 and 2016.‡
*Project Management Institute, PMI Today, “Special Section: The Talent Gap,” on the Internet at http://www.pmitoday-digital.com/pmitoday/200906open (viewed online Oct. 14, 2009).
†“New Opportunities for Business School Growth,” PMI Global Accreditation Center, ACBSP Annual Conference, June 2009.
‡“Tap into the amazing growth of project management,” Higham, L. (2009, June). Tap into the amazing growth of project management. Paper presented at the Association of Collegiate Business Schools and Programs (ACBSP) Annual Conference, San Antonio, Texas.
Help Increase Your Earnings Potential
Project managers work in a variety of functional areas within an organization, including communication systems deployment, event planning, facilities management, international development, product and service development, information technology, and research and development.
