In recent years advances in technology have resulted in tremendous changes in the business environment. Businesses in industries from retail to transportation to entertainment and many more have been disrupted by the ability of online technology to alter traditional transactional and organizational behavior.
These trends have impacted project management as well, bringing changes to how project managers and team members interact and plan and implement projects. The dawn of mobile solutions and enhanced collaboration, analysis and communication tools has enabled a new era of project management that is highly responsive, collaborative, and intuitive.
Capitalizing on Disruptive Technologies
Project managers increasingly rely on innovative technology to improve their efficacy. The tools available to them enable them to more easily track, and modify a project. Predictive analytics help them plan more effectively based on data taken from similar past projects. Following are some of the technologies likely to have the greatest impact on project management in the future:
- Big data: The massive amounts of data captured by the multitude of computing devices we use these days may seem like it would be difficult to analyze effectively. While this was certainly true in the early days of the computer industry, the increased power of modern technology has made analyzing such data feasible. In light of this, project management solutions are expected to increasingly utilize big data to provide insights into the project planning and implementation process.
- Social Media: The ability of social media to enable rapid communication among groups of people has made it a favorite of businesses as well as individuals. A number of project management tools can integrate with social media sites. Projects that involve consumer outreach can use these tools to easily engage with customers and prospects.
- Mobility: The ability to go online anywhere an internet connection can be accessed has enabled remote computing at projects. Bring your own device (BYOD) policies can enable workers to be more productive than ever. Rather than returning to the office to file data or print a report, it can be done right in the field. Mobility helps support the trend towards ever-greater collaboration among team members. Workers in the field can now make reports pertaining to conditions on the ground while they are in the field, rather than having to wait until they return to the office, enabling managers to provide them with feedback on a real-time basis.
Improved Human Resource Management Functionality
Modern project management tools enhance the possibility for collaboration among project team members. These tools enable the project manager to seek input from team members about all aspects of a project. As these tools increase in power and sophistication, this trend should only gain momentum going forward. Such software can improve product outcomes and speed up decision-making, crucial factors in helping to bring projects in on time and within budget.
These tools will also make it easier for project managers to keep executive management and other stakeholders apprised of progress on a project. Doing so can help keep everyone on the same page about the project throughout its lifecycle. This trend, closer manager-stakeholder contact during project implementation, can bring about greater client satisfaction, as it avoids the snags that can result from lags between project outcomes and communication of those outcomes to a client.
Another major impact of the technologies powering modern product management software is the ability to work with product contributors from around the world. These can be freelancers or company employees, empowered by the ability of technology to work wherever their skills are needed. Going forward, this trend is likely to gain in power, as companies find that, for projects where the physical presence of team members isn’t required, they aren’t constrained by geography when it comes to bringing in the best talent.
A diverse skillset
Another significant trend likely to affect product management in the future is the need for project managers to develop diverse skillsets that enable them to effectively handle the disruptive technologies that have swept through the industry and the changes to project management, such as increased collaboration, that have resulted. Some of the skills or traits project managers are likely to need to prosper in the future are as follows:
- Ability to exhibit thought leadership and think like an entrepreneur: Simply following instructions with no thought towards optimizing the development and implementation of a project is no longer sufficient to successfully manage a project. Project stakeholders expect managers to proactively look for opportunities to add value during the project by continuously seeking to improve processes and outcomes.
- A focus on managing change: Project management has increasingly become concerned with the impact of making changes to organizational projects and processes. Spurred by rapid technological change, this trend means that project managers must understand how new solutions and processes impact project activities and make the necessary alterations to make the most of these changes when it comes to delivering project outcomes.
- Enhanced interpersonal and collaborative skills: Advance in communications technology and the mobility this has enabled makes it incumbent upon project managers to be able to collaborate proactively with team members and stakeholders to deliver optimal project outcomes.
- Adaptability: Changing business processes require project managers to exhibit flexibility when it comes to adapting different methodologies and technologies as necessary. As project management becomes more complex, situations where multiple methodologies need to be utilized are likely to occur more often.
Increasing Cross-platform Integration and Mobility
Modern business practices increasingly emphasize collaboration both between company staff and with outside partners. As this trend gains momentum, the ability to deploy systems that can accommodate data flow across platforms gains in importance. This enables companies to share data with different departments and outside partners to help enhance project outcomes.
Another trend which appears likely to gain in strength going forward is the need to accommodate mobility in all aspects of project management. Virtual projects rely completely on mobility, of course, but even locally managed projects can benefit from the ability of mobile applications to improve product outcomes. Cloud-based tools which enable team members to collaborate at any time from any location provide significant advantages over traditional stand-alone tools, making their adoption only likely to spread in the future.
Nuvro is a robust online project management tool that helps you easily track and modify a project. With Nuvro you can gain control and peace of mind over all of your projects, tasks, team members, workload and everything else important to your company. In addition to the project, task and collaboration features found in most PM tools, Nuvro also provides a company dashboard, a team dashboard, team member performance reviews, secure document management, an internal alternative to email and more. Nuvro is perfect for busy teams looking to accomplish more. Learn More…