Research - Project Management Global

APM Fellows engage in discussion on the Future of Project Management at The Golden Thread 2024 Launch

The Association for Project Management (APM) held its latest Fellows’ Forum to coincide with the launch of its new research report, The Golden Thread 2024. The event, held at The Science Museum in London on 25 April, saw APM Fellows convene to discuss the report’s findings and their implications for the future of the project profession. The Golden Thread 2024, produced in collaboration with PwC UK, builds upon the initial report published in 2019. Key findings highlight significant growth within the project profession, generating an estimated £186.8 billion in Gross Value Added (GVA) to the UK economy. This represents a substantial increase of over £30 billion in the past five years. The profession now employs an impressive 2.32 million Full-Time Equivalent (FTE) workers, signifying that 8.5% of all UK FTE roles are project-related. A panel of industry experts, including Prof Adam Boddison (APM Chief Executive), Karina Singh (Director of Function, Insights and Profession at the Infrastructure and Projects Authority (IPA)), Dr Andrew Schuster (Partner at PwC and Visiting Fellow at Cranfield School of Management), and Sheilina Somani (Independent Project Professional, Chartered Fellow and APM Trustee), fielded questions from APM Fellows regarding the report’s insights. Sheilina replied: “The numbers are amazing,…

The cornerstones of Effective Project Management, according to APM research

According to research by the Association for Project Management (APM), four key elements underpin successful project management, all centred on the critical aspects of communication and stakeholder engagement. 1. Stakeholder Analysis and Expectations Management: 2. Collaborative Goal Setting and Open Communication: 3. Setting and Managing Expectations: 4. Stakeholder Partnerships: The underestimation of stakeholder management’s importance has highlighted the need for a heightened focus on these critical elements. The Role of the PMO in Supporting Project Managers: The Project Management Office (PMO) plays a vital role in enabling successful project delivery by supporting project managers in honing their stakeholder management skills. Here are some ways a PMO can achieve this: Conclusion: The core skills required for successful project management are equally essential for the PMO. By treating its customer base – stakeholders and project teams – collaboratively and applying these key elements, the PMO can cultivate positive and productive relationships with all parties involved in leading change.

Category: Research

APM Fellows engage in discussion on the Future of Project Management at The Golden Thread 2024 Launch

The cornerstones of Effective Project Management, according to APM research