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Projecting the Future - a Big Conversation webinar, 1 July 2019


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Projecting the Future - a Big Conversation webinar
Monday 1 July 2019
presented by Tim Banfield

Further webinar resource URL links:

-APM website news story on Projecting the Future

-Download the discussion paper

-LinkedIn discussion

Published in: Education
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Projecting the Future - a Big Conversation webinar, 1 July 2019

  1. 1. #projectingthefuture WEBINAR 1 July 2019 #projectingthefuture
  2. 2. #projectingthefuture Running Order ▪ Welcome ▪ Introducing Projecting the Future ▪ The effects of change ▪ How does the profession thrive in the next 5-10 years? ▪ Six key questions for the future of the project profession ▪ How might we shape the future? ▪ Join the conversation ▪ Questions
  3. 3. #projectingthefuture Projects in a changing world ▪ Change is accelerating ▪ Our profession is central to the delivery of change – and at the heart of creating the future for us all ▪ How do we thrive in the years ahead? ▪ How do we maximise the value we create for business and society? ▪ What will ‘PM 4.0’ look like? #projectingthefuture
  4. 4. #projectingthefuture Projecting a successful outcome ▪ The PM CEO ▪ Demonstrate economic and social benefits from projects ▪ Taking customer end-user perspective ▪ PM 4.0 part of the strategy as well as delivery for organisations ▪ Conditions for project success are widely recognised/adopted ▪ Project profession seen as a desirable first career
  5. 5. #projectingthefuture The project profession in transition ▪ Royal Charter, January 2017 ▪ Nearly 800 Chartered Project Professionals and rising ▪ Degree Apprenticeships ▪ Growing the profession’s reputation ▪ …But still seen as niche/technical – or invisible #projectingthefuture
  6. 6. #projectingthefuture ▪ 2.13m people in UK project management (FTE) ▪ 7.9% of UK total FTE employment ▪ Project profession adds £156.6bn Gross Value Added (GVA) to the UK economy annually ▪ 8.9% of total UK GVA Economic impact
  7. 7. #projectingthefuture GVA for other professions & industries
  8. 8. #projectingthefuture Projecting the Future: A Big Conversation ▪ Creating the future of the project profession – together ▪ Discussion paper launched today ▪ Engaging the project community: APM members and wider profession ▪ Stakeholders including senior decision makers: C-suite leaders and policy makers ▪ Open ended process: next steps shaped by the conversation ▪ and #projectingthefuture
  9. 9. #projectingthefuture The challenges reshaping our world #projectingthefuture
  10. 10. #projectingthefuture Today’s VUCA world Volatility Uncertainty Ambiguity Complexity How does the profession thrive? #projectingthefuture
  11. 11. #projectingthefuture Uncertain environments #projectingthefuture
  12. 12. #projectingthefuture How does the profession thrive in the next 5-10 years? #projectingthefuture
  13. 13. #projectingthefuture The evolution of the profession #projectingthefuture
  14. 14. #projectingthefuture The challenges we face
  15. 15. #projectingthefuture Trends impacting projects Trends Biggest impact – % Technological innovations 87 Political instability 64 Britain leaving the EU 63 Automation of employment roles 54 International trade wars/uncertainties 50 Climate change 47 The movement of people around the world 47 Ageing population 46 Social and economic inequality 43 Humanitarian issues (famine, floods, refugees) 28 Source: APM Salary and Market Trends Survey 2019
  16. 16. #projectingthefuture The ‘projectification’ of work ▪ Projects are how change is delivered ▪ Change is replacing business as usual ▪ All professionals spending more time on projects – Up to 60% of senior executives’ time ▪ Critical to delivery of government policy – digital public services, infrastructure investment ▪ Growing demand for transformation ▪ A time of opportunity for the project profession
  17. 17. #projectingthefuture The demand for transformation ▪ Businesses: – Product and service innovation – New operating models – Implementing digital – Culture change ▪ For government: – Digital re-invention of citizen/state relationship e.g. HMRC online – National infrastructure: HS2, Heathrow, energy, 5G mobile ▪ Unified by ambition to deliver fundamental change and major public/customer/economic benefit
  18. 18. #projectingthefuture Expected change in project management work Expected change in project budget size PwC Research
  19. 19. #projectingthefuture Time to re-cast the iron triangle? #projectingthefuture
  20. 20. #projectingthefuture Trends Traditional Transformational Setup Detailed design approved before execution Broad vision of outcomes. Iterative approach: test and learn Leadership Defined network, specific outputs Loose network, common aspirations Stakeholder management Support for a defined plan Jointly developing ‘the what and why’ Budgets and plans Use external comparisons to ensure realistic goals Avoided detailed plans too early. Test and learn Risk management Detailed risk register and contingency plans Focus on big issues e.g. customer behaviour, delivery pace Commercial/procurement ‘Big bang’ Experimental, incremental Key skillsets and mindsets Specific technical skills, esp. programme management – applied rigorously Transformational leadership, organisation design, digital leadership, communications, tailored governance and review; applied flexibly, embracing change How might the profession change?
  21. 21. #projectingthefuture Six key questions for the future of the profession
  22. 22. #projectingthefuture#projectingthefuture The big conversation: questions for the future of the profession 1. What role should the project profession play in business and society over the next decade? 2. What will project management look like in the future? 3. What skills and mindsets will be needed by project professionals in the future? 4. How should we manage the drivers of change? 5. What is the future role of APM? 6. Who else will help us shape change?
  23. 23. #projectingthefuture 1. What role should the project profession play in business/society over the next decade? ▪ How does the project profession step up from being a technical management profession to a ‘leadership and delivery’ profession? ▪ How does it change perceptions to earn a ‘seat at the top table’ to shape strategy? ▪ How will we know if we’ve succeeded? Should we aspire for growing numbers of project professionals to be seen in C-suite roles? ▪ Do project professionals need to learn a wider set of business skills?
  24. 24. #projectingthefuture 2. What will project management look like in the future? ▪ What will project management in the fourth industrial revolution – ‘PM 4.0’ – look like? ▪ How will project professionals be required to work over the next five to ten years? ▪ What outcomes will they be tasked with delivering? ▪ How will this differ from requirements today? ▪ How can the profession proactively shape its future?
  25. 25. #projectingthefuture ▪ What skills will project professionals need to succeed in the world of PM 4.0? ▪ How can we develop these skills to a) create a pipeline of new talent and b) support lifelong learning? ▪ How can we grow a culture of professionalism and increase uptake of Chartered status? Is chartered a metric for growth of the profession itself? ▪ What are the responsibilities of employers, professional bodies and government? 3. What skills and mindsets will be needed by project professionals in the future?
  26. 26. #projectingthefuture ▪ What are the factors driving change in the profession and leading it towards PM 4.0? ▪ Are they the challenges identified in Projecting the Future or are there other important change dynamics? ▪ How are sponsor, customer and client expectations of the project profession changing? ▪ How can project professionals best develop their understanding of the drivers of change? 4. How should we manage the drivers of change?
  27. 27. #projectingthefuture ▪ Who will be involved in shaping the profession of the future? ▪ As a profession, who should we be engaging with? ▪ What opportunities and risks does the project profession need to consider in connection to the future influence of each group? 6. Who else will help us shape change?
  28. 28. #projectingthefuture ▪ How can APM support individual professionals to learn and develop throughout their careers? ▪ How can APM support the wider professional community including employers in the transforming world ahead? ▪ How can APM best encourage the growth of chartered and a wider culture of professionalism? ▪ How can we make sure that professional standards and knowledge remain relevant and meet changing requirements and expectations? 5. What is the future role of APM?
  29. 29. #projectingthefuture ▪ Challenging perceptions of the project profession ▪ PM seen as a barrier, blocker, bureaucracy ▪ BUT – delivering change in a VUCA, complex world, means more and more work is through projects ▪ Knowledge-based learning pales next to experiential learning ▪ We ALL need to engage in shaping the profession’s future Talking points from Manchester
  30. 30. #projectingthefuture YOUR QUESTIONS ▪ #projectingthefuture
  31. 31. #projectingthefuture CONCLUDING THOUGHTS #projectingthefuture
  32. 32. #projectingthefuture Optimistic and confident #projectingthefuture
  33. 33. #projectingthefuture Join the conversation ▪ Read and share the discussion paper ▪ Share your views on LinkedIn, Facebook, Twitter – and #projectingthefuture – LinkedIn: follow Association for Project Management, join APM group ▪ Email us: ▪ Share your case studies and examples of innovative practice ▪ Watch out for events near you – and further webinars diving into the challenges ahead
  34. 34. #projectingthefuture#projectingthefuture
  35. 35. This presentation was delivered at an APM webinar To find out more about upcoming webinars please visit our website