What are some of the predictions experts have made about the future of project management, and how can businesses prepare themselves for these changes? Keep reading to learn more!
It’s hard to believe that project management has been around for over 60 years. In that time, the profession has evolved and changed dramatically. We now have software and tools to help with the planning and execution process and entire degrees dedicated to the study of project management. But what does the future hold for this growing industry?
Read on to get up to date with everything project management!
Job Predictions
PMI’s The Future of Jobs Report predicts that by 2027, there will be 87 million project management job openings worldwide. That’s a growth rate of 33%! There’s a fantastic opportunity for those interested in a career in project management.
Although AI has taken over nearly every industry, there’s no need to worry about artificial intelligence taking over project management jobs any time soon.
The human interaction, leadership skills, ethical aspects, and creativity required in project management are simply not replaceable by machines. The report found that AI will create new opportunities for project managers to focus on higher-level strategic work. So, what project management trends can we expect to see in the coming years?
Project Management Trends
#1 – Emotional Intelligence – The New Soft Skill
While technical skills are still necessary, the future of project management is all about emotional intelligence. In the past, project managers have been focused on results and numbers. But in the future, successful project managers will be the ones who can effectively manage relationships, navigate conflict, and build trust.
This shift is already taking place. In a survey of over 700 project managers, 60% said that emotional intelligence would be an essential skill for project managers in the future. Key digital skills will also be critical, such as data analysis and the ability to use new technologies.
#2 – The Rise of Agile – Hybrid Project Management
Agile software is standing tall even after twenty long years, and it’s not going anywhere soon. In fact, it’s predicted that the use of agile methods will continue to rise in popularity.
But what is agile project management exactly? It refers to a methodology focused on delivering value through short iterations called sprints. It emphasises collaboration, customer feedback, and flexibility.
The traditional waterfall model of project management – where tasks are completed in a linear fashion from start to finish – simply doesn’t work well with today’s fast-paced business environment. Agile has become the preferred method for many organisations because it allows projects to be completed more quickly and efficiently.
#3 – The Flexible Future – Non-traditional Project Management
The future of project management is flexible in terms of how projects are managed and who can do the job. In the past, project management has been a very traditional field. But as the professional landscape evolves, we’re seeing a rise in non-traditional project management roles.
For example, more and more companies use freelance workers to complete projects. It allows for greater flexibility and can often lead to cost savings. Additionally, we’re noticing a trend toward remote work. With the advent of new technologies, it’s now possible to manage projects from anywhere.
#4 – Big Data Driven Project Management
A lot of data is needed for project management. Project managers are turning to data insights to make more informed choices about managing projects and boosting company growth.
Whether it’s project planning, quality management, or risk assessment, big data analysis is already impacting project management. The data may help you understand how to form teams size them and how to include and position team members.
In Summary
The future of project management is exciting and full of opportunities, and you can be a part of this growing field with the right skills. If you’re ready to take your project management career to the next level, consider pursuing a Project Management Certification. It will boost your career and help you stay ahead of the curve.
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