Emerging Trends in Project Management
Using technology at work is a sign of flexibility and proactiveness for project managers. Research by the Project Management Institute, as part of their annual global survey called the Pulse of the Profession, proves that 60% of PMs are always interested in exploring new ideas and approaches and trying out innovative technologies, while 29% of “PM Laggards” watch their projects fail because they aren’t as forward-thinking . Technologies have already proved their worth; in fact, 60% of business leaders increased their investment in AI in recent years . Here are the trends you need to follow in 2019 to be among the PM leaders.
Gartner says that artificial intelligence (AI) is gaining so much power and influence that by 2030, 80% of all project management tasks might happen autonomously . This includes routine and repetitive tasks such as collecting data, tracking progress, and preparing reports and schedules. AI is able to process and analyze data faster than humans, which means it can help us improve performance and results. Almost 85% of business executives agree that AI will help them achieve more and get a competitive advantage; yet for now, only one in five companies has integrated AI into its work .
What’s more, AI can also be helpful in complex data analysis: It draws a lot of data and analyzes it fast, conducts risk analysis, and informs about the results in a timely manner. Technology-empowered companies have witnessed a 20% increase in performance and a 35% reduction in losses . Technology is a great way to improve your company’s performance. For example, the right project management app can help you stay on time and within budget. Given the benefits, it’s quite inexplicable why, according to PwC, 44% of project managers still don’t use any project management software
Having a strategy means being able to prioritize the tasks that are most important for a project’s success. Projects have a 57% greater chance of succeeding when the project manager has a strategy and sticks to it . Furthermore, they’re 45% more likely to meet the primary budget and 50% more likely to meet the primary time frames. According to the Harvard Business Review, analysis-based task prioritization raises success rates, clears project doubts, helps with decision requests, and builds a culture of execution within the company.
Tags: Projectmanagement , Organisatie