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Two days after PMI Congress in Barcelona, the information is still digesting. Future is going to be really...challenging. We will have a war of talents. Innovation, disruption, digital - will be key concepts for our lives. More details you can find in this excellent article written by my friend Laura (on this blog).
I do have an objections (more like a small correction). PPPM is not changing, is transforming.
A new paper on medicine or technology usually dedicates its first chapter to evolution. Considered as solid base sciences, they imposed a specific approach: in order to prepare a professional well-documented paper, the author(s) have to mention all related-to-the-subject progress. Most of the time, their demonstrations are based on previous work on the subject. This is actually what scientists call evolution.
Based on different size discoveries or changes, evolution is the basic “tool” for development in traditional historical sciences. For “new comers” – like project management – situation is different. Concepts don’t have years of analysis and usage. Standards are not perfectly aligned and debates rises in many situations. Practitioners and students don’t expect spectacular discoveries, but they do expect change and (why not?) evolution.
But, in my opinion, project management evolution cannot find its roots so easily in the previous work. The only way to progress in this case is transformation. Everything – methods, definitions, roles – gets new powerful meanings using this transformation. Moreover, initial concept of “project” is suffering a specific transformation related to the evolution of each field.
Even during the EMEA Congress, there were people predicting that project management will disappear. We will have just continuos value delivery and no temporary organisations with unique, but static results. I don't think this is the case. But, these discussions show that a "project management" transformation is taking place.
Are we ready for it?
PMI Global Congress provides you an excellent forum to develop your professional and personal skills, apart from networking within an intercultural environment, learning and experiencing.
After the first day of the Congress, I have the first "forecast" for our (Project Management) future: we will have a big "war for talents", no matter the industry but with an intenser focus on Digital/IT area.
As Isabel Aguilera said today, in the keynote speech, "if you want to unleash the potential of your company, you need to be a magnet of talents". It's no surprise that in an extremely dynamically digital world, the human resource still remains the centre of any ecosystem. And this is valid for both directions: influencing the systems or being influenced by it.
The talents might prove to be the only sustainable advantage in a competing environment. But, as any other "resource" on this planet, it's not an unlimited one. Or, at least, it is not keeping up with the demand. So, as (again) for many other natural resources, it will trigger a "war" between companies and organisations from all around the world.
The signs are already there and, unfortunately, some of the effects can already be seen: exponential (but not sustainable) grow of the average remuneration, increased churn of employees, superficial assessments/interviews which result in poor selections and employee frustrations and so one and so forth.
As Isabel Aguilera mentioned today, the companies are already "aware of this great challenge". But, instead of finding a way out of it, due to (again) fierce competition, I see that they are actually preparing for it. Or, at a minimum, they don't do too much to avoid the (almost generalised) "war".
It will be harder and harder not only to find great talents, but, most important, to keep them in your company/organisation. In a full-scale "war for talents", no matter if they are Millennials or part from Generation X, Y - every talent will be head-hunted continuously, bringing more and more challenges in an already challenging environment. And nobody will win.
Are you ready for this "war"?
Usually, attempts to predict the future are based on past and present data and analysis of trends. They are based on forecasts.
Just think how many forecasts we have read before leaving for the PMI EMEA Congress in Barcelona: weather forecast, traffic forecast and so on and so forth. We had the past data (Barcelona was sunny in May for the last 5 years or so) or the present one (for my town, some of the main central roads were closed this week-end due to some special events). We just needed the trend analysis so we could predict the future and, most important, prepare for it. (leave early for the airport, pack some waterproof jackets etc.).
This is actually what I am most looking forward to get from this PMI EMEA Congress: Project Management-related "forecasts". This way, we will be able to alert the organisations and prepare better so the future will have less (unwanted) surprises.
Are you ready to join us and start preparing for the future in Project Management?