The evolution of Project Management has been growing at a fast pace and has found its way into every aspect of the business domain.
To ensure the success of a business, it is essential that the project management team should be aware of and embrace the latest trends and Strategies. According to the Project Management Institute report, the organizations with a well planned Enterprise Project Management Office (EPMO) report are successfully able to meet around 48% higher than their initial objectives and goals.
Like every year, various ongoing as well as upcoming trends and technological advancements shaping the way of the work process in 2019 as well.
Now, let’s take a look at some of the best project management trends to watch in 2019 that will help you do a better job of taking your business to the next level.
AI and Machine Learning
Artificial Intelligence (AI) is a buzzword among the all most every industry. It also has more potential to bring advanced product innovation to the project management. With the advancement of AI, the process of analyzing performance has become automated. The AI-powered tools help project managers to measure project efficiency and allow them to know the performance of the team compares with the benchmark.
The adoption of AI into your future project management will definitely change the overall project management workflow and increases the productivity of the project outputs. The data-driven insights are bound to add an extra boost of efficiency to the whole process of managing the project.
Hybrid PM methods
Project management methods and techniques have been changed significantly over the years. Companies are widely adopting hybrid methodologies that are derived from different aspects of Agile and Waterfall techniques. These methodologies enable us to handle the projects over the very larger work base with a crucial requirement of numerous project managers to be engaged in it.
Therefore, the current competitive world is demanding a significantly higher number of hybrid project managers, who are capable of capable of handling several multiple methodologies. This context-specific hybrid methodology trend is driven by the aim of enhancing flexibility to gain project efficiencies.
Kanban is a workflow and visual based methodology, initially invented and implemented by Toyota to assign workloads using a card system. The integration of convenient Kanban boards into more structured project management is rising significantly. Kanban methodology enables PMs to communicate with other team or department members to prioritize workflow for an efficient way and avoid multitasking.
It’s generally been useful in instances of Agile projects that are increasingly inclined to a progression of changes. This methodology will allow PMs to embrace innovations to manage and progress their projects. And also, offers PMs a place to oversee tasks, to-do lists, and files that can be implemented to each circumstance. As a result, it’s not surprising to see Kanban in future project management trends 2019.
Emotional Intelligence may not be a new concept but has its own place in the trending list in our process based practical industry. And in a field where efficiency and productivity are the only things that are important, the chances are high that we might get lost in the diversity of the implemented strategies. Thus, modern project managers should have soft skills along with technical skills to move forward in their career.
Emotional intelligence skills include emotional awareness, motivation, regulation, ability to exploit emotions and apply them to tasks. These skills play a vital role when you’re managing a team that is moving a project forward under a tight circumstance and facing other issues.
Project Management Office
The Project Management Office (PMO) is a prime factor for the projects to ensure their pre-defined objectives and goals. PMO has the innate ability to mitigate the gap between the company’s high-level strategic prescience and the effective implementation of the project. Thus, PMO has been gaining more popularity and preserve one of the future project management trends in 2019.
As per recent study on the several project management cases – with the help of highly efficient PMO, 42% of the projects were able to attain their targets. This data indicates that PMOs will undoubtedly drive the business change all through the enterprises.
Another major trend that is shaping project management is data analytics. A comprehensive data analytics like task reports and predictive analytics will help PMs to identify risks. The cloud-based project management analytic tools can help PMs to collect real-time data and reflect the results even more accurately.
These tools provide dashboards with snapshots that included complete projects, team members’ activity, task, sub-tasks along with budget infographics. Hence, the analytics process becomes easier for PMs and helps to achieve their goals.
The Growth of Remote Teams
Nowadays many organizations are giving high preference to the distributed teams structure. For this, organizations are using well-suited project management tools to manage a distributed team or remote teams effectively. This trend is gradually becoming a standard practice in the field of project management and helping companies to increase efficiency and productivity of the remote team.
As project managers and team members are looking flexibility within the workplace, the companies are adopting this trending technology to effective communication over a wide range of platforms. The fact that managing remote teams’ entails less operational costs keeps on powering this trend.
Internet of Things (IoT)
IoT devices can play a vital role in project management such as data collection and team collaboration. There are many advantages of IoT in project management, such as reducing cost, diminish errors and faster response. And also, it gives you an overall process and monitoring controls and enables you to provide faster and better services to the customers. Hence, IoT has a vital role in the 2019 project management trends.
As the usage of cloud-based solutions increasing significantly, security is another serious consideration for project management. Organizations are looking for standard cybersecurity solutions such as cloud signature technologies and General Data Protection Regulation (GDPR) to ensure that their project data practices are safe and secure.
To sum up
As we discussed above, project management is a constantly evolving field. I mentioned some of the important trends to watch in 2019. If you are in a position of managing projects, I’m sure that these trends will help you to align with both new and existing business strategies.