Project management is the practice of initiating, planning, executing, controlling, and closing the work of a team to achieve specific goals and meet specific success criteria at the specified time. The primary challenge of project management is to achieve all of the project goals within the given constraints. We really feel that project management is heavily intertwined with corporate leadership, culture, and strategy in many companies. Based on these assumptions, we have created a list of top project management trends for 2021. We hope these assessments and forecasts will help you choose the right strategies for your business environment.
The Expansion of Artificial Intelligence (AI) & Automation
There is a lot of whine about artificial intelligence and its implications. Same as software development, aerospace, healthcare, and finance, the impact of artificial intelligence and automation can also be seen and felt in the project management sector. Project managers can use automation to perform complex tasks extending from scheduling to data visualization and making informed decisions according to the captured insights. First, it is important to embrace AI in project management and leverage it to automate the data. After this, project managers can easily execute their projects.
Sharing Knowledge Will Take You Further
Resource conflicts arise from not having enough suitable staff members to assign concurrently. The more similar the skill sets of the available staff members, the easier it is to assign them. This automatically minimizes the conflicts. Though in many established traditional organizational structures, adopting this kind of thinking will be a major challenge.
Fixed Teams Deliver Better Results
Agile teams are the fixed teams that work together to deliver usable results. They usually define the feasibility and scope of the expected result and divide it into sprints. This ensures greater clarity in what can realistically be achieved and what can’t. Everyone involved knows their own capabilities, what they can depend on, and where they have any doubts. In such a situation, it is much easier for team members to share their expertise within their familiar and trusted team. The agile methodology stresses that the outcome should be a usable result. However, such a result can deviate from the original plan if the customer agrees. Most important is that the result is useful and achievable.
Inclusion of Hybrid Project Management Approaches
All project are not made equal, and all team members can not stick to one specific methodology. Maybe this is why the concept of hybrid project management has been gaining a lot of attention, and the number of project managers and scrum masters combining more than one methodologies to their projects and processes. In other words, hybrid project management refers to methods combining approaches from the traditional project management environment and the agile world.
The Impact of Emotional Intelligence
You might be deliberating how the ability to understand and recognize emotions has something to do with the success of the project success. Well, it does play an important role. It has been identified by a survey made by some professionals that 58% of respondents believe that emotional intelligence is one of the strongest predictors of performance irrespective of the nature of the job. Managing projects surpass defining the scope, making deadlines, deciding the budget. Project managers have to manage people as well, and that includes more complications.
More Focus on Data Analytics and Numbers
Project management involves a lot of data. Project managers are progressively leveraging data insights to make informed decisions in order to handle projects in a better way and increase business growth. Whether it is project planning, quality management, or risk estimation, the use of big data analysis by this time have started shaping the world of project management. The collected data is useful to learn how to form teams, the size of the team, how to include and position team members, and the skillsets required to manage projects in a better way.
Increased Remote Working
Due to the COVID-19 scenario, remote working has been on the rise since 2020. Over the past five years, remote working has grown by 44%, and as compared to 2019, in 2020, remote working has been grown to 91%. The desire to work remotely is here to stay, and it isn’t limited to a few selected industries. It offers several benefits. The first one being more flexibility in the schedule, and the second, not having to commute to the office every day. Project costs are also reduced. Plus, you get an opportunity to work with a diverse talent pool.