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14 Project Management Trends Emerging in 2024
14 Project Management Trends Emerging in 2024
John F. Kennedy once said, “Change is the law of life, and those who look only to
the past and present are certain to miss the future,” and nowhere is this more
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apparent than in the field of project management.
Over the years, the project management landscape has seen drastic changes that
have led organizations to move from sticky notes to enterprise SaaS solutions. With
the advent of newer technologies and management paradigms, project
management continues to undergo significant evolution, and organizations need to
keep up with these changes or risk failure.
With that in mind, we asked experts for their advice on what will be shaping and
shaking the world of project management in 2024. Based on that, we’ve compiled
our top 14 project management predictions.
“By automating low-value-add tasks, project managers may focus their efforts and
energy on tasks that will most dramatically benefit their businesses, allowing them
to affect greater change, increasing the possibility of each project reaching its
strategic goals.”
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to ensure successful project completion in several ways, such as:
These tools can go further by actively preparing resource allocation based on the
project requirements and goals. Project managers may also be able to use GenAI to
proactively monitor project progress and provide live insights and
recommendations for course corrections.
Of course, these tools can even automate a range of project tasks by generating
high-quality content for reporting and documentation. As such, project managers
are bound to add more GenAI tools to their arsenal in the coming years.
Here are some ways that the right software can make a massive difference:
Leverage historical project data to make better bids and plans for future projects
View resource availability, skills, and other details to simplify allocation
Capture all expenses with invoices for all projects in real time
Track all projects through customizable dashboards and make more informed
decisions on the fly
Keep all stakeholders and team members informed of project status, progress and
changes made in real time.
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4. Rise in Hybrid Working
The global pandemic forced organizations to let employees telecommute due to
safety concerns. This is no longer the case, with many organizations trying to bring
back employees to the office. However, there has been resistance from employees
given the greater flexibility they enjoyed while working from home.
The software can capture all the relevant data that needs to be tracked, verified and
used by project managers. It can use this to make more informed decisions in real
time, irrespective of shift timings and locations.
This is relevant for project managers since, in essence, their work involves having a
deep understanding of people. To lead projects to success, they must manage their
human resources more effectively. To do so, they must understand those people
first.
The ability to connect and empathize with others has become more important than
ever. And that’s due to one of the other project management trends – the rise in
remote working.
“…the agendas for these daily stand-ups are no longer just about work. These
meetings not only serve as a means to keep tabs on work items but also give
people an outlet to socialize. I have found by doing this, I am able to stay on top of
what people are working on and ensure that their work-life balance is not suffering.”
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6. Increasing Focus on Data Analytics for Data-Driven
Project Management
Organizations of all sizes generate copious amounts of data every day. Therefore, it’s
only intelligent to leverage that data to drive decisions. Data analytics and reporting
can help project managers identify early signs of scope creep, measure project
progress rates and more.
AI-powered analytics provide a complete picture of the entire organization and all
projects. They deliver granular-level visibility into the activities and generate custom
reports to help visualize the data exactly as project managers need them. With these
tools, project managers can make informed decisions in real time instead of making
gut-based decisions based on manually compiled reports.
It’s no longer about agile, scrum or lean only but rather about bringing specific
attributes together for increased flexibility in driving project success. Doing this has
enabled organizations to find unique approaches to suit specific industries and
projects.
The hybrid concept extends to the development of project team structures as well.
Olivia Montgomery, a Project Management Expert at Capterra, recently wrote an
article on the subject of hybrid project management.
She mentions how their survey “found that 37% of teams are cross functional led by
a dedicated PM. In addition to leveraging untapped skills from new team members,
cross-functional teams can share their department’s best practices for the project
team to then decide whether or not they want to incorporate into their own
processes”.
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their skills in implementing different methodologies. However, more and more
organizations are now shifting their focus to soft skills.
Project managers will need to increase their focus on strengthening their soft skills,
such as conflict resolution, stakeholder engagement, negotiation, mentoring and
training, decision-making, and team building. Developing these skills will help
project managers deliver more value to their organization.
This allows an organization to see how individual projects are related to each other
and how these connect with the overall strategic goals of an organization.
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The rise in hybrid and remote working environments has also increased the focus on
cloud solutions. These enable resources to work from anywhere without losing
access to critical business applications.
Additionally, cloud solutions have become more accessible and flexible, making
them easier to adopt. With all these changes, it’s quite likely that a cloud-first
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approach will become the new standard for managing projects intelligently for
organizations everywhere.
There are several steps that organizations can take to prioritize their employees’
mental health. To start, organizations can implement flexible hours to give their
employees more freedom with “how” they work. Fitness programs also make for a
good option.
Apart from that, from a project management perspective, managers should set clear
expectations on project deadlines and goals while trying to offer more praise than
criticism. These are just a few steps that organizations can start implementing for the
improved mental health of their employees.
Related Reading
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Protecting an organization from all forms of cyberattacks requires proactive planning
and training. Project managers can support cybersecurity initiatives by developing a
culture of awareness and shared responsibility. They can work together with IT, HR
and cybersecurity teams to implement best practices and training sessions for
project teams.
The primary benefit of blockchain is its ability to create project records that are
secure from potential tampering. Project records and financial transactions remain
secure from unauthorized access, ensuring that all project documentation remains
trustworthy.
There’s a reduced risk of potential data errors and manipulation, allowing for a more
transparent and accountable project management process.
These project management trends should also help project managers understand
the steps they must take to drive operational efficiency. This is particularly important
for organizations in the professional services industry.
Related Posts
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