Project Management Jobs in Today’s Economy

Posted on December 7, 2009 by

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Project managers, how has today’s economy affected your career? Towards the end of 2008, we noticed a trend of less interest in employers paying for training for their employees as training budgets were reduced. However, there was also increased interest from project managers in earning their Project Management Professional (PMP) who believed that it was more critical than ever to earn their PMP either to stay competitive or to find employment. A number of project managers have told me they are overwhelmed with their current workload due to their organizations not replacing other project managers who are no longer working there. At our local project management chapter meeting some months ago, a new attendee approached others and asked how long it had been since they had been laid off, apparently assuming that most people there were unemployed. The Project Management Institute (PMI) has published optimistic forecasts for project managers, stating that “the global and long-term employment outlook for project managers is promising” (http://www.pmi.org/CareerDevelopment/Pages/Employment-Outlook.aspx) and cites the trend of many people retiring and the growth of global projects as positive indicators (http://www.pmi.org/Pages/PM-Profession-Thrive-Despite-Troubled-Economy.aspx). Project managers, what have been your observations and experiences with project management in today’s economy?