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Major organizations, like banks and public sector organizations employ millions of project managers around the world, many are contractors, earning inflated fees. There’s another industry in training project managers in traditional out-of-date methodologies, and thousands of recruiters are living as parasites off placing the project managers. Top of the food chain are the major consultancies who are peddling the traditional project management approach as best practice.
If we take the new approach to project management as the standard, I estimate that 90% of the overheads that I described in the previous paragraph will be designed out. The potential savings in banks alone will run into billions of Dollars.
As for the hundreds of thousands of project managers and their related parasites, I would suggest that they rapidly reinvent themselves or retire.