February, 28 2023

10 most in-demand jobs will be in project management in 2030: AURAK Masterclass

Talent gap in project management-oriented employment is widening, even as PMI study says 25 million project professionals would be needed by 2030

SOE-MASTERCLASS1 SOE-MASTERCLASS2 SOE-MASTERCLASS3

Ras Al Khaimah, UAE: As the shift from efficiency-driven to change-driven productivity gains rapid momentum, there is an acute talent gap in project management-oriented employment globally, and the world would need 25 million project professionals by 2030, according to the PMI (Project Management Institute) study.

The talent gap is likely to impact every region, which could result in a potential loss of up to $345.5 billion in global GDP by 2030 if jobs go unfilled, according to the PMI report.

Quoting the PMI study, experts at a Masterclass in ‘The Talent Gap in Project Management Oriented Employment’ at the American University of Ras Al Khaimah (AURAK) emphasized that most studies forecast that project management linked jobs would be among the most sought-after by 2030.

Dr. Muataz Hazza Al Hazza, Associate Professor, Industrial Engineering, School of Engineering, AURAK, said that 10 most in-demand jobs in 2030 will be in project management. He quoted a study by Microsoft using LinkedIn data that placed Project Manager jobs at No. 5 on the top 10.

Referring to the rise of Project Economy, a phrase coined by author Antonio Nieto, Dr. Muataz said the critical importance of this phenomenon has been endorsed subsequently by Harvard Business Review, IBM Executive Cindy Anderson, ISO, Forbes magazine and a number of other renowned experts, the gist of which was that modern work is increasingly becoming project-based rather than role-based.

Observing that we were entering the fifth industrial revolution, Dr. Muataz commented that current indicators point to a higher weightage to project management in the years to come, and all progressive countries were shifting the focus to a project economy, including the UAE. For example, the PMI UAE Chapter strategy changed its vision statement to: ‘Empower and influence individuals with the innovative Project Economy principles to turn ideas into a reality.’

According to Dr. Muataz, the most dramatic example of project management competency was provided in the development and commissioning of the Covid-19 vaccine. “What would normally take more than a decade was achieved in less than a year,” he said.

Eng. Ali Abdulla Alsuwaidi, Inspection Engineer and Corrosion Specialist, Adnoc Gas Processing, while underlining the projected need for 25 million project professionals by 2030, said talent shortage would pose a serious threat to the project economy. To close the talent gap, 2.3 million people will need to enter PMOE every year – this would include project managers and all changemakers, according to the PMI report.

“So we are speaking of a massive talent gap across the globe,” he said. “This gap will be all the more acute in the MENA region due to the high youth unemployment and two thirds of the population being under the age of 35, leading to a $3 billion loss in GDP by 2030.”

Dr. Mohammed Alnahhal, Assistant Professor, Industrial Engineering, School of Engineering, AURAK, spoke about the extra risks posed by global supply chains, and provided tips on how to manage these risks. Citing classic examples of disruptions in supply chain management – including the famous case of Ericsson going into losses because of its failure to foresee the fallout of a fire in a microchip supplier (Philips) factory – he said without successful implementation of supply chain management, businesses could face major business disasters. He stressed on resilience, which is the ability to recover quickly from disruption, as a key prerequisite.

The Masterclass was hosted by AURAK to highlight the university’s Master of Science in Engineering Project Management that includes a field application project, a capstone course in which the graduate student evidences the ability to apply the program learning outcomes to an applied project that integrates all basic elements of project management: planning, organizing, securing, managing, leading and controlling resources, to result in achievable specific goals project.


More AURAK News

Potential-PR---AI-and-ML-in-brain-tumor-diagnostics
25 March 2024, Monday

AURAK Researcher Co-Pilots AI-based Study that Unlocks New Insights into Brain Tumor Treatment

AURAK’s Dr. Rawad Hodeify and Dr. Orwa Aboud of University of California, Davis, USA, pioneer revolutionary and potential non-surgical AI-based diagnostic model A pioneering study co-led by a Sigma Xi researcher from the American University of Ras Al Khaimah (AURAK) promises to revolutionize brain tumor care using AI-based tools. The study is led

1-2
14 March 2024, Thursday

AURAK Celebrates Diversity: Students Showscase Cultures of 23 Countries at Global Day 2024

The campus of the American University of Ras Al Khaimah (AURAK) celebrated the sights, sounds, smells and traditions of 23 different countries, at the 11th Global Day celebrations held under the theme of "Celebrating Cultures From Across The Globe." The unique and enriching experience, which echoed the university’s ethos of diversity, featured a n

5
28 February 2024, Wednesday

Over 60 Global Experts Stress Innovation to Elevate Quality of Education in Middle East at QS Higher Education Summit

HE Dr Ahmad Belhoul Al Falasi, UAE Minister of Education, hails UAE’s focus on innovation in education sector Over 350 delegates attend the three-day global event hosted by American University of Ras Al Khaimah (AURAK) Ras Al Khaimah, UAE, February 28, 2024: Over 60 higher education leaders stressed the need for innovation in elevating the qualit

Customer Support
Contact Us
Follow Us
Call Now
Contact Us

The American University of Ras Al Khaimah (AURAK) uses cookies to provide necessary website functionality, improve your experience and analyze our traffic. By using our website, you agree to our Privacy Policy OKAY