Project Management is a profession that has evolved radically in recent years.
The reason being, that organizations are now well aware of the importance of project management for their own success. They have recognized how much impact it can have on an organization’s success if managed correctly. Furthermore, because business models are getting more and more complex, there is a growing need for project managers that can take on the challenge of managing complex projects successfully.
From a purely technical perspective, project management is an ongoing process of setting goals and aligning resources to achieve those goals. However, it serves as a function that enables organizations to be more efficient and effective in achieving their objectives. It does so by being a support function that enables and coordinates projects to effectively and efficiently complete objectives.
Indeed, the focus of the profession is changing from just managing small projects, to managing large-scale complex programs and portfolios. And it’s not just companies who are taking note; Governments and other public agencies are also seeking guidance on how to manage their various programs.
With this growing demand, the role of project managers will become more important over the next five years. But in order to succeed these professionals need to know where to focus their attention. They can learn these things by Knowing the Goals By KeepSolid They also need to learn new skills and adapt existing ones in ways that would help them better handle the new challenges ahead.
5 Emerging Trends of Project Management in 2021
So what are some of these trends? Here are five of the most important ones that you should be looking out for.
- Technological Advancement And Automation Tool
The cost of the project-based business is anticipated to decline over time with the help of technological advancement and automation tools. Businesses are expected to capitalize on this change, by consolidating smaller projects into larger ones. This will likely result in increased headcount requirements for specific project management skills, which would reduce labor costs associated with development efforts. Other changes that would be implemented include using freelancers or part-timers rather than full-timers for positions requiring less skill, thus saving money (like expenses on office space).
- Evolution Of Artificial Intelligence (AI)
The evolution of Artificial Intelligence (AI) is making smart machines capable of learning multiple tasks instead of being limited to one task anymore. Once a machine can learn any number of tasks, it can be applied to the workforce. The more complex the task is, the better an AI will get at performing that task. So you don’t have to Involve your team in all matters. For example, there are websites that are beginning to use chatbots in place of customer service reps for fielding questions about services or products.
- Cloud-based SaaS
The increased demand for cloud-based SaaS (software as a service) solutions and its subsequent rise in popularity has resulted in a steady decline in on-premise software implementations and system management. This trend is expected to continue with development efforts simply shifting from ‘on premise’ developments to web based applications or mobile apps. These new technologies will require skilled workers but would also result in significantly reduced labor costs associated with project development efforts when compared to traditional on-premise solutions.
- Integrate Machines With Human Workers
With industry 4.0 representing the ongoing effort to integrate machines, robots, and Artificial Intelligence (AI) with human workers; it is anticipated that workforce augmentation will become more mainstream than ever before. This is expected to result in increased demand for skilled project managers having experience working with AI-enabled toolsets as well as other emerging technologies like automation software, robotics, IoT (Internet of Things), M2M (Machine to Machine) communication, etc.
- Smart Devices
The ongoing concern with cyber security will likely increase greatly due to the increased presence of interconnected smart devices that are often out of direct control by their owners/employers. For example, a company’s engineering team may develop a smart device for a client and create a web application to manage the device. If this unauthorized access is provided then it could enable hackers to steal a company’s intellectual property, credit card data, or personal information from customer records which would ultimately cost companies millions of dollars in revenue.
Conclusion:
These are just some of the changes that will be affecting project management as we know it today. With new technologies being developed almost every day, it is an ongoing effort to keep up with emerging trends and changing requirements for project managers. This projected shift will likely require more skilled workers but has the potential to reduce labor costs associated with developmental efforts due to the increased use of automation tools/software and robotics. Achieving success in this competitive industry is going to require continued education and experience for those responsible for managing these projects. For further guidance you can contact our team which will help you to Manage the future with our Leading Goal Management Software
