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Dealing with the shortage of Project Management Skills

Reason OF Failure

Key Project Management Issues

INFRASTRUCTURE

Inherent complexity of infrastructure projects involves

multiplicity of stakeholders, compliance to regulations and clearances, implementations through public private partnerships (PPP).

Effective project management in this sector offers potential scope for national savings by enhancing capital expenditure efficiencies.

Energy

The energy sector is challenged to bridge supply-demand gap in keeping with national requirements.

Delivery of energy at cost effective means and development of capacity for future growth, to meet the national requirements require adoption of benchmarks and project management best practices.

Automobile

New Product Development (NPD), time to market, innovations, varied product families are considerations for project management in the Indian Automobile sector.

Both Original Equipment Manufacturers (OEMs) as well as the component industry is highly competitive, demanding rigorous project management practices.

Defense

The desire to achieve self-reliance and technology enhancements through long-duration research programmes offers specific challenges in defence project management.

Strategic procurement aligned to technological advances and managing multiple international as well as national vendors are key requirements for defence project management.

IT/ITES

Two important drivers leading to the growth of Indian IT-ITES sector are capability enhancement in large program governance and process maturity. These define the path from labour arbitrage mode to strategic partnerships for most Indian IT-ITES organizations.

Managing projects in various geographies, time-zones, operating with stakeholders from multiple cultures and handling new technology offer distinct challenges

In India, Educated but Unemployable Youths; Graduates Finds Schools Don’t Foster Skills Needed for Fast-Changing Economy

Only 25 per cent of our engineering graduates, 15 per cent of our finance and accounting professionals and 10 per cent of professionals with any kind of degrees, in India, are suitable for working in multinational companies.

Only one in four engineering graduates in India is employable, based on their technical skills, English fluency, teamwork and presentation skills and of the 4 lakh odd engineering graduates, who graduate each year, only about 20% is good enough for India Inc

Which translates to increased opportunities increased opportunities for academia and JOBS for students of Project Management

Increased growth of projects &

need of project

management

Increased retirement / migration of PMs

Too few academic programs

A significant & growing GAP in the supply-demand for PMs

ANALYSIS

Is there a real or perceived gap?

What are the real skills needed by

employers?

What Skills Are Needed??????

“Even with colleges churning out larger numbers of graduates, many of them will not have the skills that employers most demand:

• Ability to communicate effectively

• Think critically

• Solve problems and execute solutions

• Solid work ethic

• Creativity with specific technical knowledge”

Skills Gap Research

600 senior executives worldwide

How important is the Project Management Skill?

Source: KPMG Study on drivers for success in Infra Projects

Quality of Project Managers Quality of Project Managers has the highest influence of all the factors!

The Demand Gap: Quantity Vs Quality

Talent Gap

QUANTITYNon Availability• Recruitment

QUALITY •Right Fit (Specific Core Competency)

Demand for project managers in India would be growing by 45% in next two years (2,15,187 by 2012, from 148,098 as of 2009-10)

There is a GAP not only in terms of QUANTITY,

but also in terms of relevant knowledge and skill

QUALITY

Existing Education Infrastructure

89%71% 68%

11%32%A29%A

0%

20%

40%

60%

80%

100%

2006 (A) 2008 (B) 2010 (C)

Yes

No

Academic degrees in PM are more becoming prevalent globally

Q: Do you have an academic degree in project management?

So what do we have?

Gaps in skills necessary for project successIndustry focused on project executionThe discipline of PM as the solution to the skills gap!Academic opportunities to develop teaching

programs focused on what industry wants and needs!Academic opportunities for executive development

both internal and external to organizations.Student opportunities to enter one of the fastest

growing professions

GOALS

GAC Accredited

Schools with Degree Programs but no

accreditation

Schools with only certificate programs but no degree programs

Schools with full PM courses but no degree or certificate program

Schools with only embedded PM in courses

Schools with no PM, that should be teaching

What we need to do?

Academia :PM should be part of the core academic curriculumCreate advanced masters and certificate programs for

advanced PM

Corporations :Work closely with academia in structuring course

content/programsProvide access for academic researchProvide executives as adjunct lecturers (real world

experience)

Be the liaison between academia and industry/government.

Facilitate/mentor course/program development.Set quality standards for degreesProvide resources and support for academia and

students ( Curriculum Development)Facilitate acquisition/training of PM faculty

What PMI can do: