The world is currently spending 20% of its GDP ($12 trillion) on projects, and organizations that range from global businesses to governments and NGOs have identified project management and skilled project managers as the key to their success. The demand for project professionals is staggering, with more than 1 million projected new jobs needing to be filled each year until 2020. This is being raised as an issue by such organizations as the International Monetary Fund, the World Bank and the European Parliament. According to Gartner, not only is project management the number one hiring priority of select companies surveyed, it also is the most frequently reported as "difficult to hire". To add to the problem, a large percentage (perhaps as high as 30%) of the project management workforce will be retiring in the next 10 years. Since the demand by far exceeds supply, it has precipitated a global education crisis that, if uncorrected, will put $4.5 trillion of the global GDP at risk by 2016. The PMI has developed a special program to help Companies, Schools and Universities to teach Project Management, so please, relay this information to your network, the situation is critical.
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