Monday, 22 July 2019

Trends in Project Management

Other than to focus on organizational process improvements, there are other trends in business and project management that a first-time project manager is likely to encounter. Some of these trends are:

Managing vendors—With the increased outsourcing of non-core activities, more projects leverage one or more vendors (suppliers) to get work done.

Facilitating a selection process—To determine which vendors you will partner with to get work done, a selection and evaluation process is normally conducted.

Change agent—Because most projects represent a “change” to business as usual, the project manager is expected to play a key role in leading the stakeholders through the change and acceptance process.

Servant leadership—Due to a lack of formal authority, the need to understand the requirements of all stakeholders and the importance of facilitation, collaboration, and managing expectations, there is a growing awareness that a servant leadership style is paramount for effective project management.

Managing virtual, cross-functional, and multicultural teams—With the continuous advancements in workgroup and communications tools, the increased integration of processes within an organization, and the continuous drive for increased organizational efficiencies, it is very likely that your project team will consist of members from different physical locations (virtual), different functional departments (cross-functional), or different cultures (multicultural, global).

Quality management—Much like the factors driving the emphasis on risk management, the link between rigorous quality management procedures and improved project management practices continues to strengthen.

Requirements management—Closely intertwined with managing quality, scope, and stakeholder expectations, the effective definition and the proper management of both a project’s and the product’s requirements are essential to success.

Facilitating a testing process—Because it is paramount to verifying stakeholder satisfaction with the focus of the project, the project manager is best positioned to facilitate the testing process.

Risk management—Coinciding with the focus on enterprise-wide process improvements and in response to past project experiences, more organizations are placing additional emphasis and formality on their project risk management processes.

Working with PMOs and corporate governance processes—If you are working in any type of corporate or multiple business unit environment, you most likely deal with Project Management Office (PMO) or other corporate governance processes.

Thus Project Management is not just meeting deadlines, in itself it's a very challenging role. The following diagram depicts an overview of Project Management-


By now we know:

• The elements of project management
• The common challenges of managing projects
• The value of effective project management to an organization.
• The merits of project management as a career choice
• The latest business and project management trends that might impact your first opportunity

After the overview of Project Management process we'll focus on the role of Project manager in the coming posts. Till we meet again keep exploring this unique field.

No comments:

Post a Comment