PMINS August Breakfast Meeting
LABOUR FORCE SHORTAGES AND PROJECT MANAGEMENT
Start Date & Time: August 17, 2011, 07:30 AM
End Date & Time: August 17, 2011, 09:30 AM
Location: World Trade and Convention Centre
Members: CAD 30.00
Non-Members: CAD 35.00
Presenter: James McNiven, Professor Emeritus
Canmac Economics estimates that Nova Scotia will run out of available labour force by 2016 and Atlantic Canada as a whole by 2019. This is based upon historically normal projected economic growth rates and the result of 40 years of below-replacement birthrates. The result of 'zero unemployment' will be a constraint on this growth well into the future, unless a number of actions are taken soon. There is no guarantee that this will happen.
Project management will therefore have to consider the availability of labour and its cost as more important factors than may have been the case in the past. In a period when labour will be in short supply, not taking it as a significant factor may lead to surprising delays and cost overruns.
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