Don't Waste Your Youth: How To Shape Your Next Generation of PMs

  Resource Management   Talent Management   PM Network  

No matter what processes they have in place, no matter how detailed their business strategy, organizations are only as good as the people executing those plans.

Too often, though, the needed talent isn’t available. One in four of the 1,258 global CEOs surveyed in PwC’s 15th Annual Global CEO Survey 2012 were unable to pursue a market opportunity or have had to cancel or delay a strategic initiative because of talent issues. And one-third reported reduced innovation as a consequence of talent constraints.

The answer to the talent crunch may lie within the eager, talented up-andcoming project professionals who ideally will lead the way in the coming years. And CEOs understand that: Sixty-seven percent in the PwC survey plan to develop and promote most of their talent from within the company.

“Not grooming young talent for career advancement has two main potential risks,” warns Mário Trentim, PMI-RMP, PMP, PMO manager at the Institute of Aeronautics and Space in São José dos Campos, Brazil. “First, you may lose them to the competition. And second, they can become de-motivated and mediocre performers.”

When that happens, the whole company suffers. Talent development ranked as one of the most important indicators for project success in PMI’s 2012 Pulse of the Profession survey of more than 1,000 …

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