Future of Project Management - discover the upcoming trends
Axelos, QRP International - 11/03/2019
We live in a fast-paced environment where everything is pervaded by a constant transformation and change is the only common value. The number of organizations which are using Project Management procedures are increasing together with the spreading of tools and methods developed to help project managers and their teams to accomplish successfully their projects.
We have tried to identify the key trends in Project Management and their impact on the profession of the Project Manager, Programme and Portfolio Manager (PPM).
Having a strategic vision is pivotal
Project Managers are experiencing the need of having a strategic vision and this need will increase more and more. This means PMs will still need to deliver on time, on budget, within scope, but they will need to acquire that strategic vision which is essential for the full realization of the project and of the expected outcomes. As emerged from the reports: "Project managers recognize that organizations will demand greater strategic vision and business awareness and as such will need to develop broader strategic skills to fulfill this need.”
Differently from the past, nowadays PMs are involved in the planning of the overall project strategy and they take directly part to all the project stages. The trend for the next years is that the strategic involvement will increase significantly and it will lead to a higher level of responsibility for the whole project: Project Managers will be responsible of the identification of the project to keep an eye on the overall organization objectives. Projects considered not strategic will be abandoned for the ones that serve the organization objectives the most.
“90% of project managers agree that they need a much stronger strategic vision that aligns with the goals of the business.”
Consequently, Project Managers have to enlarge their skills in order to include strategic and commercial competences such as the commercial analysis, change management and people management .
Change Management as an asset
Project Management will become more and more a basic business skill: every aspect of our roles can be considered in terms of project managing and delivering.
“Project Management will be used widely by individuals across the whole organization and will be seen as a valuable business skill. This democratization of Project Management will only enhance the value of Project Managers, setting them apart as professionals as they evolve their roles to be more strategic and affect change within the business.”
Acquisition of Agiles Methodologies
Past years have been characterized by the trend towards the adoption of Agile methodologies and this trend will increase during next years. Agile methodologies are recognized to fit the most the ever-changing business environment of the modern era and this has an impact also on Project Management.
“89% of project managers agree on the need of having more creativity and flexibility in Project Management”.
Working agile allows Project Managers to satisfy organization needs, needs which are in constant evolution and requires flexible, efficient and fast answers to the project execution. Real time information is getting more and more important with the consequence of making business scheduling redundant. Working Agile allows a continuous improvement on the product/service also after the launch. This means that the initial version doesn’t need perfection: the result is a decreasing of pressure during the launching phase and an acceleration in product development.
The identified trends underline the strategic importance of the Project Manager role for the success of the entire organization. Their ability to deal with and enact change will make of Project Management a unique and indispensable profession. Project Managers will be required to develop strategic competencies and skills in business analysis, change management, organizational diplomacy, leadership and communication (both internal and external).
Getting organization more and more involved with new technologies, Agile methodologies will continue to influence Project Management professionals requiring them to be more flexible and creative.
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Sources: "The future project management professional", Axelos | "Job Growth and Talent Gap 2017–2027 ", PMI