Top 5 Project Management Trends to Watch in 2021
The year 2020 shook the foundations of most businesses, if not all. The ramifications of the COVID-19 pandemic have forced companies to reconsider their corporate practices. While survival was 2020's main focus, the theme in 2021 is regaining momentum.
On that note, the project management realm is also facing a dramatic transformation as a result of emerging technologies and leadership paradigms. Below are some of the most significant project management trends impacting the market, and emerging strategies tailored to adapt to these changes:
Digital & remote teams are more popular than ever
While remote work is not a new concept, more organizations are switching or forming hybrid teams, making it the top project management theme for 2021. Companies are now realizing that work can be done efficiently with a remote team. In 2021, more businesses will turn to the freelancer industry to supplement their workforce. This would continue to balance overhead expenses while also allowing the company to tap into a highly talented pool.
Projects & strategy come hand in hand
The role of project management has grown in recent years. The framework is now being extended to wider initiatives, transforming project management to more than just a tool for achieving specific business objectives.
Hybrid Project Management practices are the future
Our fast-paced times demand flexibility and agility. Project managers and companies have become more adaptable in their management approaches. Some have also combined various methodologies into hybrid methods that are unique to their project or industry needs.
Soft skills are the next best thing
While skills, talent, and expertise are critical to a team's success, business leaders should place equal emphasis on developing human skills. It’s also important that managers have the necessary human skills to direct their teams.
Automation, Artificial Intelligence, & Data Analytics have an undeniable impact
Project managers increasingly look into automating their tasks including resource planning, scheduling, budget planning, and project monitoring. Project management software embedded with AI and data analytics features will be a staple in most teams. By automating low-value tasks, project managers will concentrate their resources on key activities, allowing them to increase the likelihood of achieving the project's strategic goals.
Project managers should prioritize identifying, anticipating, and adapting to the changing needs of the industry. By learning about the project management trends, you can evaluate your current situation and discover areas where you need to adapt and adjust. While these trends can serve as a guide, you need to remember your company's values and goals when planning for the year ahead. With the right tools and techniques, focus, and determination, you can face any upcoming challenges head-on.
