To follow up on my December post which talked about project management in unexpected sectors, the January PM Network has two such articles: One refers to the profession providing benefits to large law firms; the second talks about projects in the fitness industry.
Let’s first visit the gym. There are few aspects of life that are not being affected by digital disruption. The health club certainly is meeting high-tech head on, and that means projects! You don’t have to bench-press huge amounts of weight to be involved. Gyms are employing project teams to revamp their equipment offerings for a digital age.
For example, fitness clubs are starting to offer class streaming as a way to provide fitness to those not at the gym. Virtual reality is being employed to give a more involved experience to exercisers. Club executives are using devices to monitor their machine usage and thus tailor the machines to customers’ expectations.
So there are lots of projects in this sector. And the growth numbers are rather, shall we say, muscular: The connected gym equipment market is expected to grow from US$121 million in 2016 to US$762 million in 2021. Global health club market value is predicted to grow 4.3 percent annually to US$90 billion by 2021, with India, Brazil and China being hot spots.
From the gym we go to the law office. Big law firms have employed project managers for a long time in operations and IT. Now they are hiring practitioners to focus on legal matters. This is shifting case management to project managers, freeing lawyers to address substantive legal questions. Adoption is slow among law firms but project management’s rise in this field is likely to continue. This is because of the need to control costs, bring in efficient processes and undertake tasks like evaluating software.
And sometimes clients demand that project managers be placed on their cases.
Do you work in an industry that one would not expect project management to be a factor? Please use the comments to share your story.
The 2018 Jobs Report tells you the project outlook in seven different industry sectors: telecom, finance, construction, IT, healthcare, aerospace and defense, and energy. While the project delivery approach (agile vs. hybrid vs. waterfall) may be different in each sector, and some industries have hotter talent markets in certain countries (think construction in China), all are affected by digital disruption. And the world’s job outlook, in general, is very bright for project managers: 22 million new project-oriented jobs will be created in the next 10 years.
Besides the industry-by-industry breakdown, the 2018 Jobs Report includes an informative infographic spelling out where the growth will be; a profile of five country hot spots (did you know India’s economy is predicted to grow by seven percent this year?); an article explaining opportunities in the gig economy for freelance project talent; and a roundup of practitioner views on how to stand out in the job market. There’s also a preview of some eye-opening figures from PMI’s soon-to-be-released salary survey, Earning Power.
This valuable 20-page report can help you get your New Year off to a roaring start…and help you meet that career-advancement resolution.
One of the most enjoyable and interesting benefits of reading PM Network is learning about industries that weren’t even imaginable just a short time ago. One such project sector is grid-scale electric battery storage plants.
As part of efforts to make renewable energy sources more reliable, companies are building battery capacity to store electricity to use when the wind doesn’t blow and the sun doesn’t shine. The market for power storage is predicted to grow at a 60 percent compound annual growth rate through 2020. In the U.S., this market is estimated to increase tenfold between 2016 and 2022, reaching US$3.2 billion.
Because this type of project is so new, project managers face risks connected with lack of regulation and codes. Teams must have expert knowledge of battery storage systems so plans can be approved through existing power-sector regulations. A related challenge is transitioning the building project to operations staff, who may have never before managed such facilities.
Teams are overcoming these challenges and getting the battery plants online quickly, providing benefits to sponsoring companies and dependable renewable power. One of the more dramatic moves was made by Tesla CEO Elon Musk, who promised the government of South Australia, home to the world’s largest lithium-ion battery facility, an operational plant in 100 days after an agreement was signed—or else it was free.
Read all about this and other new and exciting project sectors each month in PM Network—this month more than usual, “the power of project management. Exclusively for PMI members. Every month.”
PMO naysayers think that PMOs are bureaucratic entities requiring documentation tasks that take away from project teams’ previous time. We’d like to think that PMOs actually empower staff to do more for their stakeholders—in other words, bring value to their organizations. The best of these PMOs are finalists for PMO of the Year.
The goal of CAMH’s PMO when it was formed in 2012 was to develop more efficient and effective ways to serve patients. The PMO’s first project was to streamline 30 different patient referral forms into one access point—in other words, less documentation.
The PMO quickly became a place to get things done across the organization. Its role in centralizing communication has streamlined the adoption of new tools and processes.
The PMO further creates value by making sure new initiatives align with CAMH’s strategic plan. New projects must have descriptions of expected benefits.
While the PMO isn’t directly touching the patients and their families at Canada’s largest mental health and addiction teaching hospital, the work of the PMO is definitely improving the care they receive.
Please share in the comments ways your organization’s PMO delivers value and supports stakeholders.
There’s an unfortunate misconception out there that project managers’ thought processes run on a line as straight as the critical path of a project. That’s wrong, right? Right! Organizations need to be creative in today’s fast-changing, hyper-speed world. And who better to hold the creativity torch than project managers, the folks who Get Things Done?
In the current PM Network, read all about the high demand for creativity in the work world. Project managers who come up with fresh ways to navigate complexity and create value with their projects are going to stand out. If you are open and flexible, you can be creative. Smart hiring managers know that creativity is not an innate skill but can be cultivated.
So while project managers may not be artists or songwriters or any other field traditionally associated with creativity, they can be creative simply by navigating challenges that to ordinary mortals might appear impossible. And research shows the C-suite is looking for you, Mr. or Ms. Creative Project Manager.
How did you show creativity in your projects? Please let us know in the comments.