Project Management

3 Competencies You Need to Ride Today’s Project Economy Wave

PMI Toronto Chapter

Bruce is the founder of, a resource for growing IT project managers.

It was the best of times before it was the worst of times. That’s what The Project Economy looks like in 2020. Many events have been canceled, so that part of project demand is collapsing. At the same time, the demand to spin up new manufacturing facilities, improve public health, remote working and infrastructure is spurring

As of June 2020, the U.S. government was considering a record level of infrastructure spending. While the exact shape and purpose of these new spending plans are still taking shape, one point is clear: Billions of dollars in spending on roads, bridges and other infrastructure will require significant involvement from project managers. However, there is some uncertainty about these plans since political leaders are unclear how to pay for these efforts.

The Next Wave of Digital Transformation Projects
Over the past decade, we’ve seen a boom in the number of companies investing in digital transformation. This trend directly carries through to employment. There are more than 10,000 job listings on that use the phrase “digital transformation” as of June 2020. These efforts will require project managers skilled at working in uncertainty to reach success.

Besides, the gig economy and growth of contract work arrangements indicate that companies are more focused on specific projects rather than long-term arrangements. To…

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