Project Management is a specialty skill that is in high demand in today’s business world due to the scale and complexity of modern projects. A key advantage of being a project manager is that your skills are relevant across many industries. Project Management credentials offer you career access to a wide breadth of industries, and the flexibility to change industries as new career opportunities arise. It is estimated that over 40 million new project managers will be needed globally by 2020.
According to the Project Management Institute's February 2017 report Pulse of the Profession 2017:
- “project success rates are rising. Organizations today are wasting an average of US$97 million for every US$1 billion invested — that’s a significant 20 percent decline from last year’s Pulse of the Profession® findings.
- Organizations are experiencing more success implementing strategic initiatives and, for the first time in five years, more projects are meeting original goals and business intent and being completed within budget.
- The 2017 Pulse findings continue to show what we’ve learned in the past: that when proven project, program, and portfolio management practices are implemented, projects are more successful. At the same time, the definition of success is evolving.
- The traditional measures of scope, time, and cost are no longer sufficient. Projects must deliver what they set out to do — the expected benefits. So, for the first time, when determining project success, we looked at levels of benefits realization maturity as well as the traditional measures.”*