The United States is entering a time of unprecedented investment in infrastructure. This is good news for the construction industry. However, it raises concerns about whether the industry is investing enough in its workers to meet the growing demand.
The construction industry remains one of the least digitized industries in the world. As a result, there is an increasing need to address cost overruns, significant project delays, and other critical pain points. This is why project managers are among the workers who require upskilling.
Discover the importance of upskilling project managers and what to focus on in the process.
Impact of the Infrastructure Investment and Jobs Act
The increasing need for technological innovation in the construction industry is being amplified by the passage of the Infrastructure Investment and Jobs Act. The biggest infrastructure bill in generations calls for spending $1.2 trillion over the next 10 years to improve the surface transportation system and core infrastructure. The act is expected to create 1.5 million jobs per year for the next 10 years. The infrastructure initiatives include investments in the following:
- Roads and bridges
- Public transit systems
- Airports and ports
- Passenger and freight rail service
- Water and wastewater infrastructure
- Electrical vehicle charging stations
- Energy transmission grid
This growth is placing significant strains on the construction industry.
- Skilled labor shortages continue to be an issue.
- The Project Management Institute’s (PMI) 2021 Talent Gap report shows that over 61 million project management roles in construction and manufacturing will be needed by 2030.
- Part of the demand results from the expectation of retirement for 41% of the US construction workforce by 2031.
Embracing Technology
More construction employees need to embrace innovative technology to address the increasing industry demands.
- Many firms are using artificial intelligence (AI), drones, robotics, mobile apps, and cloud storage.
- Other technologies include high-definition surveying and geolocation, 5G building information modeling, and the use of the Internet of Things (IoT).
Upskilling Project Managers
Adoption and deployment of current technologies require tech-savvy construction teams.
- Upskilling is especially important for project managers.
- E-learning courses that include micro-credentials can help develop or sharpen core project management, communication, collaboration, and other relevant skills.
- Course topics may include scope and change order management, performance and materials management, and contract and risk management.
- Project managers may want to join online professional communities to expand their skills and network members.
Need to Hire Project Managers?
CCS Construction Staffing has the experienced project managers you need to take on projects. Find out more today.