The Project Economy by Antonio Nieto-Rodriguez

We all have heard about the disruptions that are impacting our society and the business world: robotics, artificial intelligence, shared economy, blockchain, big data…. 

However, there is one extreme disruption that is affecting our world that media and academia have completely missed. For over 100 years’ organizations have been run and structured in a very similar way: hierarchical; in which power, budgets and resources are divided over departments, the so-called “silos”. Management and management theory was focused on how to run and optimize (efficiency) the business best. Projects were an addition, but hardly ever a priority. 

We are witnessing the rise of the Project Economy. The so-called gig economy is driven by projects.

Projects are becoming an essential part of any organization. My prediction is that by 2025, senior leaders and managers will spend at least 60% of their time selecting, prioritizing, and overseeing the execution of projects.