Project management in the shadow of the global financial crisis

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What impact had the global financial crisis of the recent years on the development of project management and the project manager profession? These questions were answered in an article on the Project Times website. Key changes were categorizes into three areas:

Project manager profession

  • The need for better control of project outputs has led to a greater interest in introducing project risk management processes.

  • More emphasis has been put on managing projects portfolios.

  • There has been a growing interest in further education and certifications in the field of project management.

Project management methodology

  • There has been a growing pressure on effectively managing projects in terms of costs, budgets, scope of changes, etc.

  • Greater interest in project risk management requires greater sophistication of projects and proactive risk management with the contribution of all project stakeholders.

  • Control and performance metrics are becoming more stringent.

  • Project managers are expected to do more work with fewer resources. The choice of methodology is crucial for resource management.

Project managers themselves

  • Experienced project managers accept lower and less remunerated jobs more often than in 2008.

  • There is more fixed-term or contract job offers.

  • Unemployed project managers are more interested in volunteering to fill the gaps in their CVs.

  • More and more project managers promote themselves on social networks, especially LinkedIn and Facebook, to develop their careers.

  • There is also an increasing number of project managers willing to completely change careers and leave the area of project management at all.

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Article source Project Times - a US website and community focused on project management
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