Leadership roles are one of the most important positions in every corporation, institution, or organization. All sorts of projects and specially formed teams emerge to take advantage of new ideas and advancements. These projects are not ensured to succeed and to be realized smoothly. Managing projects and the teams that are assigned to them is not easy. Aside from the common challenges that face the project teams, like deadlines, resources, manpower, and more, there are also the ever changing strategies that need to be employed to ensure that the projects go on smoothly. Numerous trends develop and surface to cope up with the changes of the world. These trends prove to be more effective than the ones that came before them. That is why it is important to know them. Here are some of the newest trends in project management:
1. Agile expands in Asia, specifically in Singapore, Hong Kong, and Japan
The Agile framework has been gaining popularity. It has seen a lot of successful projects and revolutionary PM practices. However, Agile is still not widely in the Asian environment. Projects that involve the countries like Singapore, Hong Kong, and Japan should take into consideration the state of their models. Internal resistances usually prevent the use this model into the project management methods of certain companies.
2. New credentials from Project Management Institute
Project Management practices should conform to the PMI credentials. These credentials have been developed due the different practices that have been employed. That is why the credentials need to be considered with deciding on which approach to use for the entire project.
3. Virtual learning
Project managers should be willing to learn through virtual learning. Now that everything can be done without leaving one’s office, the use of present day technology are increasingly taking its influences on the project management environment. Trainings and seminars can be done using the internet. Learning through this method should be mastered skill in order to cope up with the technological advancements.
4. Implementing Project Portfolio Management Tools
Companies are now leaning towards using not just one PPM tool but two. Many companies are now using Agile, and that means the older versions of the tools they are using are anymore compatible and very easy to work with. It is now necessary for companies to use Agile-based PPM tools to fully maximize their efforts that are based on Agile.
In order to fully gauge the level of an organization’s project management practice, they need to compare themselves in competitors. Benchmarking is a vital tool to prove that the PM practices are competitive or above the rest. It will determine how good an organization is and which companies need to keep an eye out. It might not be such a good idea for some companies to actively compare your company’s performance to the competitors, but doing this actually gives a concrete idea of what PM practices are doing well in the competitors’ environments and to conduct a study if these practices are applicable in one’s projects.