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3 Megatrends Affecting the CM Profession

3 Megatrends Affecting the CM Profession. And what NCMA plans to do about it. Megatrends Shaping CM Sphere. The demand for CM talent exceeds the supply. Has been the case since early 2000’s.

thaddeus-elliott
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3 Megatrends Affecting the CM Profession

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  1. 3 Megatrends Affecting the CM Profession And what NCMA plans to do about it.

  2. Megatrends Shaping CM Sphere • The demand for CM talent exceeds the supply. • Has been the case since early 2000’s. • Wars (2003-present), natural/unnatural disasters (Katrina, Rita, oil spill), economic recovery investment (2008-present) drove up government spending. • Baby boom generation transition. • Bathtub effect: gap in mid-career talent. • No ‘front door’ – no ready stream of prepared talent to tap. Takes longer to get entry person up to speed. • Increased training budgets – recognition of human capital problems in 2008. • Proliferation of intern programs to accelerate development.

  3. What NCMA is Doing About ItThe demand for CM talent exceeds the supply. • Advocacy initiative (2006) • CMLDP (2007) • Student memberships (2008). • Student chapters (2008). • New Professionals membership type (2010).

  4. Megatrends Shaping CM Sphere 2. The people doing CM work are defining ‘career’ differently. • Driven by generational expectations, globalism, and technology. • From path/ladder/track to web/net: non-linear, multi-dimensional. • Moving between ‘professions’ vs. ‘jobs’. • Redefining retirement: not exiting, just taking on different roles. • Redefining relationships (mentoring). • Mobile (geographically, interpersonally and economically).

  5. What NCMA is Doing About ItThe people doing CM work are defining ‘career’ differently. • Communities of Practice (2008). • Career-web (aka BMA initiative)(2009). • Virtual chapter (2010).

  6. Megatrends Shaping CM Sphere 3. Changes in the U.S. federal regulatory and budgetary environment will continue at a high pace for foreseeable future. • In-sourcing. • Risk re-allocation (FP vs. CR). • Complexity (challenge to comply with everything). • Pace of change (all happening now!). • Winnowing of supply chain (eliminating undesirables). • Redefining socio-economic priorities. • Transparency demanding better, faster information. • Federal budget challenges will reduce discretionary spending. • Economic volatility, emerging world events requires faster mobilization of acquisition.

  7. What NCMA is Doing About It Changes in the U.S. federal regulatory and budgetary environment will continue at a high pace for foreseeable future • Advocacy initiative. • Executive Round Tables (2007) • Educational programs • Webinars. • Virtual conferences (Communities of Practice). • Conferences. • Publications • CM News. • CM magazine.

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