{"id":139065,"date":"2024-04-25T11:13:40","date_gmt":"2024-04-25T10:13:40","guid":{"rendered":"https:\/\/www.pbctoday.co.uk\/news\/?p=139065"},"modified":"2024-04-25T11:13:40","modified_gmt":"2024-04-25T10:13:40","slug":"construction-project-management-apm-report","status":"publish","type":"post","link":"https:\/\/www.pbctoday.co.uk\/news\/planning-construction-news\/construction-project-management-apm-report\/139065\/","title":{"rendered":"Construction project management sees 23% growth, contributing \u00a333bn to UK Economy"},"content":{"rendered":"<h2>A new APM report reveals a 20% growth in the construction project management sector over five years, contributing \u00a333bn annually to the UK&#8217;s GVA<\/h2>\n<p>The <a href=\"https:\/\/www.apm.org.uk\/resources\/research\/the-golden-thread\/\" target=\"_blank\" rel=\"noopener\">Golden Thread Report 2024<\/a> was published today (April 25th) at a launch event at the Science Museum, London.<\/p>\n<p>It follows the first report in 2019, which assessed the UK project profession\u2019s size and economic and societal contribution.<\/p>\n<h3>The project management profession contributes \u00a3186.8bn of GVA to the UK economy<\/h3>\n<p>When broken down by individual sectors, construction ranked second highest, with a GVA of \u00a333.19bn\u2014a 23% increase from \u00a327.08bn in 2019.<\/p>\n<p>Factors behind the growth include an increasing recognition of the need for effective programme management and transformation across all sectors, including construction.<\/p>\n<p>The London 2012 Games were credited with demonstrating the importance of effective project management in ensuring the successful delivery of large-scale events.<\/p>\n<h3>The project management profession is the most vital \u2018golden thread\u2019 of the economy<\/h3>\n<p>Professor Adam Boddison OBE, chief executive of APM, said: \u201cOur report deepens the view that our profession is the most vital \u2018golden thread\u2019 running through all sectors of the economy \u2013 driving quality, efficiency and strategic change.<\/p>\n<p>&#8220;This includes the traditional <a href=\"https:\/\/www.pbctoday.co.uk\/news\/digital-construction-news\/construction-software-news\/planning-and-project-management-software-elecosoft\/137346\/\">project management sector of construction<\/a>, which has seen a 23% rise in its GVA contribution to the UK and an additional 40,000 project professionals in just the last five years alone.&#8221;<\/p>\n<p>Dave Corbin, head of client accounts at Gleeds, said: \u201cSuccessful projects \u2013 delivering the intended benefit on time and within budget \u2013 require strong project management. Without it the myriad of developments that the country needs to future-proof itself would simply not materialise.<\/p>\n<p>\u201cIn the past the role of the project manager has been underestimated but I believe we have seen a shift in perspective and the value of having an effective, collaborative and highly skilled project leader is now widely recognised. I only hope that the positive trends revealed in this report continue and that as a profession we\u2019re able to attract and retain enough skilled people to be able to meet increasing demand.\u201d<\/p>\n<div class=\"mk-custom-module-container\">\n<\/div>","protected":false},"excerpt":{"rendered":"<p>A new APM report reveals a 20% growth in the construction project management sector over five years, contributing \u00a333bn annually to the UK&#8217;s GVA.<\/p>\n","protected":false},"author":21,"featured_media":139068,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[304],"tags":[908,780,665],"stakeholder_rel_tag":[],"contributor_rel_tag":[],"class_list":{"0":"post-139065","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-planning-construction-news","8":"tag-economy","9":"tag-collaboration","10":"tag-project-management"},"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v26.9 (Yoast SEO v26.9) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Construction project management sees 23% growth<\/title>\n<meta name=\"description\" content=\"A new APM report reveals a 20% growth in the construction project management sector, contributing \u00a333bn annually to the UK&#039;s GVA\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.pbctoday.co.uk\/news\/planning-construction-news\/construction-project-management-apm-report\/139065\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Construction project management sees 23% growth, contributing \u00a333bn to UK Economy\" \/>\n<meta property=\"og:description\" content=\"A new APM report reveals a 20% growth in the construction project management sector, contributing \u00a333bn annually to the UK&#039;s GVA\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.pbctoday.co.uk\/news\/planning-construction-news\/construction-project-management-apm-report\/139065\/\" \/>\n<meta property=\"og:site_name\" content=\"Planning, Building &amp; 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