- The field of project management is changing rapidly with advances in technology, tools and the latest trends. And the changes don’t seem to be slowing down. Let’s take a look at the recent trends in project management happening around the world.
The most important project management trends for 2021
Development of artificial intelligence (AI) and automation
There is a lot of talk about artificial intelligence and its consequences. Just like software development, aerospace, healthcare and finance, the impact of artificial intelligence and automation can also be seen and felt in the project management sector.
Many companies have already begun to use AI in project management to carry out their day-to-day human-intensive tasks through task automation. The effect goes beyond automating simple tasks, but is also quite useful for gaining performance insights.
Project managers can use automation to complete complex tasks, from scheduling to data visualization, and make informed decisions based on the collected data.
Incorporation of hybrid approaches to project management
Not all projects are the same, and not all teams can adhere to one particular methodology. Maybe that’s why the concept of hybrid project management is getting a lot of attention, and the number of project managers and Scrum masters combining more than one methodology is growing day by day.
Simply put, hybrid project management refers to techniques that combine the approaches of the traditional PM environment and the flexible word.
When implementing a hybrid model, you can bring all your projects, tasks, people, and communications into one place to help you make the right business choice.
For example, by mixing the traditional approach with Agile methodology, team members with different views and working styles can work together in their own way, providing greater stability, engagement, and efficiency.
Increased remote work
It’s not news that over the past couple of years, the number of professionals who have decided to work remotely has increased dramatically. And this trend continues. The desire to work remotely persists and is not limited to a select few industries.
Remote project management offers many benefits. Firstly, this is a great flexibility in the schedule, and secondly, you do not need to go to office every day. The cost of the project is also decreasing. In addition, you have the opportunity to work with a diverse talent pool.
Advanced tools and solutions for project management
In today’s digital age, project management tools have become an integral part of project management. The numbers say the same. According to the study, 77% of high performing projects use project management software to plan, execute, and control all aspects of project management.
Project management tools and solutions have always been a deciding factor. Below are some examples of how these tools are making a positive difference in project management:
- Project Planning: Uses data from previous projects for better planning.
- Scheduling and Time Tracking: Tracks time spent on tasks and manages scheduled events, appointments, milestones and deadlines.
- Communication and collaboration: allows you to share important information with team members, clients, stakeholders.
- Budgets and Timelines: Helps to execute projects within the allocated budget.
- Tracking progress: keeps track of ongoing projects, provides an image of adjustable resources.
More focus on data analytics and numbers
Project management requires a lot of data. Increasingly, project managers are using analytics to make informed decisions to better manage projects and accelerate business growth.
Whether it’s a project planning, quality management, or risk assessment, the use of big data analytics has already begun to shape the world of project management. The data collected is useful to learn how to form teams, team size, how to include and position team members, and the skill sets needed for better project management.
You might be wondering how the ability to understand and recognize emotions has to do with the success of a project? Well, it plays a vital role. Emotional intelligence is one of the most powerful factors affecting productivity, regardless of the nature of your work.
Project management goes beyond scoping, meeting deadlines, and budgeting. Project managers also have to manage people, which means more complexity.
Not being able to see through the emotions of team members can lead to a lot of emotional activity in the team.