Project management has undergone a paradigm shift with companies adopting a remote working policy.
Companies with multiple office locations have to work in different time zones and efficiently manage projects without hiccups in this challenging hour. It has propelled business organizations to invest in disruptive project management trends and prioritizing agile project management practices.
Businesses are also getting attuned to digital transformation, helping the workforce become more efficient and productive. In addition, the innovative and emerging technologies will allow projects of all sizes and types to evolve significantly.
Project managers and executives will leverage much more diverse weapons to manage varied projects and upgrade their skills. Also, companies must possess the flexibility and resilience to integrate any change that will drive them further up seamlessly.
The following blog will drive you through the top project management trends that will reign in 2022 and further beyond.
In this Covid era, project management software has become a robust and competent tool providing a 360-degree view analysis of the task to be completed. The advanced applications are enabling companies to control costs, optimize and manage available resources. Furthermore, it helps businesses to mitigate project risks, strategize and shuffle plans seamlessly.
The tool provides a high-end intuitive dashboard where project managers, team members, and higher management can track real-time project status, view instant data and vital information, all in one place from anywhere. In addition, managers can allocate tasks, set deadlines, and update information regarding the tasks.
In recent years hybrid project development approaches have gained more impetus in comparison to traditional Waterfall methodologies. Hybrid project management is a blend of Agile and Waterfall methodologies to do projects more efficiently. The hybrid technique combines Agile’s fast and responsive approach and Waterfall’s Work Breakdown Structure (WBS).
The hybrid project management approach offers a wide range of benefits that help teams upscale their performance and ensure faster project delivery. For example, the Waterfall enables developers to accurately plan and define the project requirements, while Agile helps in the design, development, and implementation process.
Hybrid methodologies allow project management teams to organize their work systematically. In addition, this popular approach is flexible and compatible with all industries, providing support to all business types and sizes. As a result, project managers can get more precise cost estimates.
Another prominent advantage of hybrid project management is that Agile enables teams to adapt to the changing market demands and developing conditions quickly. Thus, an organization can use the latest technologies in design and development.
Regardless of their sizes, businesses have started implementing and using digital technologies to expedite tasks, generate accurate reports, and reap various other benefits.
Artificial Intelligence, a mimic of human intelligence, is predominately used in project management practices.
AI has undoubtedly proved to become a game-changer for the project management industry. One such instance is the use of predictive analytics to manage projects. The AI-powered predictive analytics help companies to accurately predict the resources and effort required to complete a task.
AI-based predictive analytics serves as a data warehouse for the companies providing real-time information on customers and products, which helps strategize plans.
Furthermore, artificial intelligence empowers organizations to chatbot-assistant software applications. Natural language processing or NLP helps project teams to relate ideas, entities, knowledge, and different concepts. AI minimizes task errors and identifies the pitfall at any developmental stage.
Machine learning is another next-generation technology that will play a vital role in simplifying the project management process. Machine learning provides up-to-date project status and improved clarity allowing managers to make timely decisions. In addition, it helps to increase the quality of the project by providing intelligent and proactive reports.
Machine learning boosts productivity and transparency to provide quality and reliable data.
Robotic Process Automation, or RPA, has undoubtedly become one of the most emerging trends impacting teams and workflows. RPA is intelligent enough to interact with the software applications such as bot chatting with real customers to solve their queries. This is the reason why the number of RPA technology investors has exceeded during the last few years.
Robotic Process Automation has become a boon for project management teams involved in different complex tasks. Firstly, RPA helps to minimize the costs as bots can carry out the daily recurring tasks on their own continuously without any breaks. Thus, it reduces staff dependency.
RPA allows the project managers and teams to create an efficient strategy to complete the work before the scheduled deadline. Also, it provides automated testing facilities that make it easier for quality assurance specialists to check the functionality of the software or application before launching it.
RPA also helps project team members gather necessary inputs or insights from a website to analyze with much ease. Here again, bots can assist in gathering consolidated and reliable information.
This advanced technology empowers the customer service department to upscale to new heights. It can sync with other intelligent systems such as the IoT to provide the most upgraded features. By including customer sentiment analysis, text analytics, optical character recognition, image recognition, and natural language processing. RPA becomes more than a suitable choice for developers willing to test their pilot projects using an agile methodology.
Over these years, the role of a project manager has become much more versatile and dynamic. This means that the job responsibilities are not only limited to planning project strategy, documentation, and budgeting but also to develop a core understanding of how to manage teams to extract the best out of them. This is where soft skill development comes into play.
Today companies are relatively emphasizing and investing in nurturing the soft skills enabling project managers to interact freely and clearly with the team and clients. The soft skill mainly focuses on organizing and motivating the team to do better, show leadership qualities in making apt decisions, building and strengthening the trust factor, efficiently handling conflict management, and enhancing employee communication skills.
It is essential to note that all these mentioned skills play an impeccable role in determining team performance and collaboration between team members. A team may have a consolidated strategy and plan to cater to project requirements, but if it lacks motivation and direction with a trust deficit, the project will derail from its path. Soft skills mitigate all these roadblocks to provide more clarity and coordination.
The Covid epidemic crisis has forced most companies to continue their operations from home and other remote locations. This critical hour has witnessed the growth of virtual project management practices, which are estimated to evolve in the upcoming years when this pandemic ends.
Virtual project management has given viable opportunities and scope to project managers and teams. They can efficiently work on various projects with flexibility to resolve different challenges and smoothly adapt to changes.
Managing projects virtually during the remote working era have allowed project managers to tackle different situations and gain more ownership of the tasks. This means they can better understand the priority-related tasks and assign them based on urgency.
Remote working has decreased project costs and improved the work-life balance. Virtual working teams also use remote work software with other tools to improve productivity, communication, and speed while completing projects.
Digitization, innovative technologies, and next-generation project management tools have already created hype and buzz in the project management industry. Indeed, artificial intelligence, machine learning, robotic process automation, the internet of things, data analytics, and many more cutting-edge technologies will escalate, and upscale project management approaches. Also, enhanced team collaboration and seamless communication will play a decisive role in simplifying and streamlining projects.
Written By Paul Wheelson