Final answer:
The demand for project management is increasing due to technological advancements, globalization, complex business environments, specialized knowledge demand, competitive advantage, and the need for regulatory compliance and risk management.
Step-by-step explanation:
The six factors that are increasing the demand for project management include:
- Technological Advancements: New information and communications technologies have enabled higher productivity, particularly benefitting high-skilled workers such as top business managers, consultants, and design professionals.
- Globalization: Increased international trade has been facilitated by technology, enabling high-skilled workers to offer their services globally and increasing the demand for their management and coordination skills.
- Complex Business Environments: As businesses operate in increasingly complex and dynamic environments, the need for professional project management to navigate these challenges rises.
- Specialized Knowledge Demand: Projects often require specialized knowledge and skills, pushing organizations to seek professionals with expertise in project management.
- Competitive Advantage: Effective project management can provide a competitive advantage by ensuring that projects are completed efficiently and successfully.
- Regulatory Compliance and Risk Management: With the rise of regulations and the need to manage risks effectively, project management skills are in greater demand to ensure compliance and mitigate risks within projects.
These factors contribute to a heightened need for skilled project managers who can optimize productivity, manage complexities, and deliver results in a competitive and global market.