PROJECT MANAGEMENT in DIFFERENT SECTORS
Although project management is a key skill in today’s world, it is not common for many people. It is essential in a larger industry because there are many large projects that need to be completed quickly. Many industries have a lot of Project Management. Let’s look at some industries where Project Management is vital.
FMCG Sector is a large sector that is present in all parts of the globe. FMCG Industry’s major players are always looking to reduce their costs and expand their reach in order to be globally present. They have a well-established distribution network that allows them to tap into the rural market.
Project Management can reduce costs and help manage large distribution networks that distribute FMCG products to all areas.
The defense industry is facing large numbers of retiring employees. They expect to hire many employees in the next few years. Aerospace companies are in dire need of Project Managers who can manage large projects efficiently and reduce costs. Project Management can help with quality issues and cost reduction.
Also, construction took a big leap during the recession. Many large infrastructure companies now plan to hire risk managers to help reduce the risks associated with raising large infrastructural projects. Construction companies have realized the importance of Project Management and have increased the demand for experienced Project Managers.
According to the U.S. Energy Information Administration’s International Energy Outlook 2011, the world’s energy consumption will increase by 53% by 2035.
The scope of Project Management is expanding at a slow pace in the energy sector; it is still a new field for many energy organizations in many developing countries.
A Project Manager must have a solid understanding of the Energy sector in order to work in this sector. They should also be able to focus on one aspect.
The pharma industry is a rapidly growing industry. It is not a sector that follows a specific or formalized process. A Project Manager can set up the system and manage the process, while a non-project manager cannot. People who wish to become Project Managers in the pharmacy or health care industry must have strong communication skills to deal with the nurses and doctors.
Information Technology is an industry that will continue to grow. It includes many tools and techniques that help in the planning and execution of IT projects. Because IT will always grow, organizations invest a lot in IT. Forrester Research predicts that the growth will be significantly slower this year. SaaS (Software as a Service), is the most popular method of IT Project Management. This makes it more tailored to the needs and requirements of the project manager. IT Project Managers should be well-versed in the latest technologies to help them grow.
Project Management can bring together the administration and the system into one table. This is why it is necessary for nearly all industries to have a PMP certified Project Manager who can help with running a Project smoothly.