Disruption is the watchword of the day, and not only because Brexit and changes in EU economic relationships are shaking up organizations and the world of project planning. Major global companies are looking to gain a competitive edge by embracing disruptive technologies that promise to reshape the way organizations work and plan. Project managers need to stay ahead of the curve in order to grab the opportunities that major disruptions always turn up.
The Project Management Institute conducts a global survey of thousands of project managers and hundreds of senior executives from industries including government, information technology, telecom, energy, manufacturing, healthcare, and construction. Findings reveal three top disruptive trends predicted to influence the development of best practices into the future. Innovative companies are already putting these new technologies to work, and it will not be long before today’s emerging cutting edge becomes tomorrow’s standard operating procedure.
Three Trends of the Future
Artificial Intelligence (AI) supports fast and reliable decision making when working with big data, and drives information-gathering that translates to minimized human error and bias in project planning tasks such as budget creation, schedule development, and cost overrun prediction. Monitoring projects and handling schedule adjustments will take far less time with AI-powered tools, freeing project managers to spend time on soft skills like team building, negotiation, and conflict resolution. Instead of constantly dealing with the nuts and bolts of running a project, managers will have more time to work on keeping projects aligned with the business case and organizational goals.
The Internet of Things (IoT) can be visualized as a global digital ecosystem that supports the collation and exchange of information between connected devices. Using the existing Internet infrastructure, devices of all types will communicate, exchange data, and inter-operate. Many organizations are already reporting dramatic changes in the way projects are handled as IoT supports constant connectivity, increased data efficiency, and more accurate data-driven decision making.
The most widely adopted disruptive technology to date is Cloud computing. Organizations are cutting costs and gaining flexibility by using outside hosting services for the provision of data storage facilities and service application platforms. Operating technologies in the Cloud environment means organizational resources are not diverted to administration, updating, and troubleshooting tasks. Project managers will find that the Cloud opens new realms of collaboration and information access as well as producing significant time savings.
Look to the Cloud
Deploying configurable online project planning software makes it easy to provide project team members with the tools needed for their roles while cutting clutter and improving ease of use. The need for in-house support for the project management platform may be completely eliminated, and there are no worries over updates or bug fixes. Each user can stay up-to-date on all relevant project information in real time, reducing time spent in communication sharing and meetings. Many of the newest online project management platforms also feature mobile apps to support work on the go from smartphones and tablets.
Project planners need to stay on top of the latest disruptive trends. At the same time, pushing productivity levels up and error rates down will always be important. Look to the Cloud and take advantage of the great online project planning software available there.