Episode 210 – Shaping Project Management in the Age of Industry 5.0

Industry 5.0 is the next phase of the industrial automation revolution where humans collaborate with AI-powered robots and devices. Tim Jaques breaks down how Industry 5.0 builds upon the foundations of Industry 4.0, transitioning from pure automation to a more human-centered approach, integrating technology with sustainability, ethical decision-making, and advanced customization. Hear why project managers should care about Industry 5.0’s shift from economic to societal value and its impact on their roles. Chapters 00:00 … Intro02:58 … Industry 5.004:39 … The Impact on Project Management06:36 … Industry 4.0 vs. 5.008:54 … Cobots10:08 … Core Components of Industry 5.013:17 … Ethical Decision-Making and Sustainability14:29 … Customization and Sustainability19:27 … Emerging AI Project Tools23:18 … Innovative Mindset for Project Managers27:41 … Adding Value as a PM30:35 … Upskilling for Industry 5.035:39 … International Project Management Association37:40 … IPMA Certifications42:36 … How to Get Involved43:26 … Find Out More45:17 … Closing Intro TIM JAQUES:  But also, I think there’s a very big opportunity mindset that we can take on this.  And the opportunity for project managers in particular is I think that the world right now is obsessed with “new.”  The new things are coming online faster than we can blink our eyes at.  And project managers who can continue to work in those areas, who can evolve in those areas, are going to be rewarded.  There’s going to be a lot of work for us as we understand how those technologies and humans interact. WENDY GROUNDS:  Hello, and welcome to Manage This, the podcast by project managers for project managers.  We’re so glad you’ve joined us today.  I’m Wendy Grounds, and sitting right next to me is Bill Yates. If you’re enjoying the show, we’d love to hear from you.  Whether it’s on our website Velociteach.com, social media, or your favorite podcast app, your feedback helps us keep inspiring and supporting project managers like you.  And if you’ve got questions about our podcasts or about project management certifications, we’re here to help. If you haven’t yet left a review on Apple Podcasts, that’s a great way to show your appreciation.  A quick review of Manage This would mean the world to us, and we’re so grateful to everyone who’s already taken the time to do so.  Thank you for being part of our community.  And don’t forget you can earn free professional development units from PMI just by listening to this episode.  Stick around until the end, and we’ll tell you how to claim them. So, our guest today is Tim Jaques, and we’re so thrilled to talk to him.  He has over 25 years of experience in business transformation, and a wealth of knowledge to share.  He’s a serial entrepreneur and has grown multiple companies and continues to push the boundaries of innovation.  His work spans some of the most complex and dynamic organizations in the world including Siemens, the U.S. Department of Veteran Affairs, NASA, and more.  Tim is also the current president of the International Project Management Association USA, and he recently chaired its annual Global Research Conference. BILL YATES:  Yeah, Wendy, we’re so fortunate to have this conversation with Tim and appreciate his input and sharing his insights.  Yes, he is the current president of IPMA USA.  We’ll talk more about that.  That’ll be the last portion of the episode.  At the beginning we want to go deeply into Industry 5.0 and talk about that; and specifically, okay, what does that mean to us project managers? WENDY GROUNDS:  So, join us.  Let’s get ready to learn what kind of work really matters in the era of Industry 5.0.  Hi, Tim.  Welcome to Manage This.  We’re excited to talk with you today. TIM JAQUES:  I’m so happy to be here.  Thank you, Wendy and Bill. Industry 5.0   WENDY GROUNDS:  So, there’s a couple of things we want to ask you about.  The one is Industry 5.0, and the other is the IPMA.