Operations keep the lights on, strategy provides a light at the end of the tunnel, but project management is the train engine that moves the organization forward.” – Joy Gumz.
Project management is a critical process within any company that ensures the work gets done on time and up to specification. It’s no surprise, then, that with the constant emergence of new technologies and trends in modern workspaces, project managers around the world have been forced to adapt—or even revolutionize their programs in order to keep up.
Recently, there have been a number of notable changes happening in project management; from an increased emphasis on soft skills and human interactions to an embracement of artificial intelligence (AI) tools for automation-related tasks and much more.
Emerging Trends in Project Management
Project management has been rapidly evolving in recent years, with new trends emerging all the time. According to Projeсt Management Institute, 81% of рrofessionаls sаy thаt Artifiсiаl Intelligenсe (AI) is impacting their organizations and this number is likely to grow significantly over the coming years. Moreover, big data analytics and reporting systems are also playing an increasingly important role in project management as they are used to monitor progress rates and analyze areas of potential improvement faster than ever before.
On top of that, soft skills have become increasingly essential for modern day project managers as AI-powered tools have taken care of many technical aspects involved in managing projects. Hence it is critical for managers to be able to deal with complexities such as resolving conflicts swiftly, negotiating successful deals between stakeholders or mentoring junior personnel among plenty other functions expected from a professional manager.
Project management is an ever-evolving field and understanding the emerging trends in this sector is more important than ever. In recent years, there has been an increase in project managers opting for hybrid models. This trend promises to deliver higher efficiency with lower input costs while creating a centralized hub for all projects, tasks, people and communications related to the project.
Additionally, Proofhub states that when TeleSmart conducted their survey they found that over half of respondents saw emotional intelligence as a key predictor of performance for project managers regardless of industry. This goes to show how managing projects isn’t just about defining scope, making deadlines and deciding budget – it’s often about dealing with changing circumstances in teams composed of complex individuals with their own traits.
Benefits of Using Project Management Software
Project management software not only brings with it many benefits, but it also helps increase efficiency in ways that were previously impossible with manual processes alone. It’s estimated by Wellingtone that organizations who leverage the right project management tools save 20% more time compared to those without such tools. With this increased transparency across all team members, everyone can collaborate faster- leading to improved outcomes from start till completion of a task or goal at hand.
Popular platforms, such as monday.com or Wrike tend to focus on intuitive user experiences whilst others like ClickUp provide customization options that are perfect for some tailored scenarios but require deeper learning curves. Project management software can also centralize project data ensuring an organized system of information that promotes transparency and adds collaboration, fostering success.
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