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3 Megatrends Affecting the CM Profession And what NCMA plans to do about it.
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Megatrends Shaping CM Sphere 1.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.
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What NCMA is Doing About It The demand for CM talent exceeds the supply. Advocacy initiative (2006) CMLDP (2007) Student memberships (2008). Student chapters (2008). New Professionals membership type (2010).
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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).
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What NCMA is Doing About It The people doing CM work are defining ‘career’ differently. Communities of Practice (2008). Career-web (aka BMA initiative)(2009). Virtual chapter (2010).
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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.
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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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