Latin America’s second-largest economy will be strengthened by ongoing economic reforms – especially in the energy and telecommunications sectors, according to the International Monetary Fund. Project practitioners should reap the rewards.
“with the reforms and their implementation over the next year, there will be an explosion in the need for project managers in the energy and telecommunications sector.” Says Francisco Herrera, PMP, program manager, Coppel Sa de CV, Culiacan Mexico. This will lead to new infrastructure projects that will result in “exponential growth” for project management positions, Mr. Herrera adds.
That demand follows a maturing project management landscape. “More organizations recognize the project management is a necessary to achieve business results.” He says “The better prepared will have the best promotions, positions and salaries.”
Increased responsibility is reflected in salaries. In Mexico, a project manager who oversees an initiative with more than 20 team members makes 29 percent more than one with fewer than five team members. Moreover, a project manager overseeing a project with a budget greater than US$10 million makes 64 percent more than one with a project under US$100,000, according to PMI’s 2013 Salary Survey.
There should be plenty of opportunities for practitioners to take advantage of those statistics. Last year, the Mexican government launched a US$590 billion infrastructure plan that includes 743 project in sectors such as energy, communications and transportation.
Source PM Network Jan 2015
Dirck Hornung, PMP (www.oil-n-gas-network.com)