With changing industry requirements and growing need for certain skills, many job roles are changing in character with certain new skills being expected, rather than demanded. In line with these developments, and with the objective of guiding its members to stay industry-relevant and competitive, PMI has introduced the concept of Talent Triangle in 2015. PMI’s Talent Triangle is a combination of Technical, leadership, and strategic and business management expertise.
PMI continuously conducts surveys and research on the profession of project management, the various industry trends, and what they mean to project management as a profession and discipline. PMI releases its findings in the form of various reports. I would recommend you to go through the PMI Pulse of the profession reports on various topics, to stay updated with the latest trends in the project management profession.
Now, back to our topic… PMI Talent Triangle
In 2015, In one of its reports, PMI came up with the concept of PMI Talent Triangle.
PMI stated that “while technical skills are core to project and program management, research tells us they’re not enough in today’s increasingly complex and competitive global marketplace.”
PMI proposed its concept of Talent Triangle which defines the ideal skill set that is required to sustain in today’s complex and competitive global marketplace.
PMI’s Talent Triangle is a combination of Technical, leadership, and strategic and business management expertise. To stay relevant and competitive, you must develop these employer demanded skills.
Technical Project Management
PMI defines this as Domain expertise.
The various skills that come under technical project management are
- Agile practices
- Data gathering and modelling
- Earned value management
- Governance (Project, Program, Portfolio)
- Life cycle Management (Project, Program, Portfolio)
- Performance Management (Project, Program, Portfolio)
- Requirements Management and Tractability
- Risk Management
- Schedule Management
- Scope Management
- Time, Budget, and Cost Estimation
Strategic and Business Management
PMI defines these as Business Oriented skills.
The various skills that come under this are
- Benefits Management and Realization
- Business Acumen
- Business Models and Structures
- Competitive Analysis
- Customer Relationship and Satisfaction
- Industry Knowledge and standards
- Legal and regulatory compliance
- Market awareness and conditions
- Operational functions (Eg: Finance, Marketing etc)
- Strategic planning, analysis, alignment
Leadership
PMI defines this as Competency in guiding and motivating.
The various skills that come under this are
- Brainstorming
- Coaching and mentoring
- conflict management
- Emotional Intelligence
- Influencing
- Interpersonal skills
- Listening
- Negotiation
- Problem solving
- Team building.
Summary
The way work is done is changing, and it is changing frequently and rapidly. New technologies are emerging every day, and new ideas are challenging the status quo. This is true across all industries. So, in order to stay relevant in this competitive global marketplace, you must develop skills that are demanded by employers. PMI Talent Triangle is an industry-relevant ideal skill set, which is a combination of Technical Project Management, Leadership, and Strategic business management expertise.