5 Project Management Trends in 2020
Only think about what ten years ago the project management industry felt like? Fewer methodologies, fewer instruments, smaller teams, and more basic tasks. From slashing to 2019 stuff changed significantly, as the teams are no longer smaller and the activities are no longer tougher.
As the adage goes, "Shift is the only constant" For the project management business, it seems so real. With emerging technology, methods, and the current developments the project management environment is transforming rapidly. And, it doesn't appear to slow down the transition.
Let's look at the current developments around the world of project management and learn how to manage projects in this changing scenario.
1. Artificial Intelligence (AI) & Automation's Extension
Artificial intelligence and its consequences have a lot of buzzes. The effect of artificial intelligence and automation can also be seen and felt in the project management field as can software development, engineering, healthcare, and finance.
Impact: Many enterprises have already begun using AI to execute their day-to-day activities in project management that involve human intervention through process automation. The effect goes beyond automating simple functions, but it is also very effective in collecting success insights.
Automation can be used by project managers to execute specific activities ranging from scheduling to visualizing outcomes to making informed decisions based on the data they have collected.
What to do in this respect:
First and foremost, in project management, project managers can accept AI and then learn how to optimize it for effective project completion.
Once you have learned to use AI to automate info, it will be much easier than before to implement projects. It also makes way to create positive relationships with members of the team and consumers.
Let's see if AI has made an improved assessment of risk possible: we all know if deadlines get moved forward either because of poor assessment or uncertain external variables. With artificial intelligence, you may get the best prediction of the length, costs, and success of a project, which can help you anticipate accurate deadlines for the project.
2. Inclusion Of Approaches To Hybrid Project Management
Not all tasks are necessarily rendered equivalent and not all teams will adhere to one particular technique. Maybe that's why a lot of focus has been provided to the idea of collaborative project management, and the number of project managers and Scrum masters integrating more than one approach is growing day by day.
Hybrid project management refers to simple terms for strategies that mix the agile concept with approaches from the standard PM environment.
Impact: You get to put all your projects, activities, staff, and interactions into one location as you adopt the hybrid model, helping you make the best business decisions.
For example, on combining the standard model with the Agile technique, team members with diverse viewpoints, working styles will collaborate to make room for greater stability, interaction, and performance.
What to do in this respect:
Use judgment to consider which approach will fit well on a given project. To get the best of all worlds, clever project managers opt for a combination of agile and conventional methodologies.
Tip: When operating in a multi-project environment, we advocate using a standard approach for easy and straightforward pieces and agile for complicated ones.
3. The Emotional Intelligence (EQ) effect
You may be curious if there is anything to do with project performance with the capacity to perceive and identify emotions? Ok, it does have a critical role to play. When TeleSmart took a poll, it was found that, regardless of the essence of your work, 58 percent of respondents agree that emotional intelligence is one of the best success predictors.
Impact: Project management goes beyond specifying the task, setting deadlines, and determining the budget. Project managers often tend to treat entities and that suggests more problems.
Failure to consider team members' emotions may lead to a lot of emotional activity in a team. The outcome isn't all hunky-dory at all.
What to do in this respect:
Proper awareness of feelings (both yours and others) is needed to work with diverse personalities and ensure project success-making it a required leadership ability for project managers across the globe.
It is now becoming more important than ever to predict project success in the future, knowing the art of emotions and what moves people.
4. Focus More On The Data Interpretation And Figures
There is a lot of details involved with project management. Increasingly, project managers are using data analysis to make strategic decisions to help plan projects and accelerate business development.
Impact: Whether it is project planning, quality control, or risk evaluation, the application of big data processing has already begun to influence the field of project management. The data gathered is invaluable for understanding how to form teams, the size of the team, how to involve, and position members of the team, the skill sets necessary to effectively handle projects.
What to do in this respect:
The smart and wise exploit the developments in technology to remain significant. Data analytics has the potential to generate a lot of market revenue if used in the right way.
"What gets measured, gets managed" — Peter Drucker, management guru
If you're someone who doesn't like numbers, find the tools that can do the work for you. Strategic criteria are generated by project management software that will help you get a full image of all project activities. Using software tools such as Google Data Studio, Tableau to visualize data, to get high-level analysis and personalized reports.
5. Advanced Software and Technologies For Project Management
Project management systems have been an important aspect of project management in today's digital world. The figures are saying the same story. 77 percent of high-performing projects use project management tools to schedule, implement, and control all facets of project management, according to data.
Impact: The game-changing aspect has always been project management tools and strategies. There are several ways in which these methods make meaningful improvements to the management of ventures.
Project planning: Uses data from previous projects to plan better
Scheduling and time tracking: Keeps track of time spent on tasks and manages scheduled events, meetings, milestones, and deadlines
Communication and collaboration: Lets you share critical information with team members, clients, stakeholders
Budgets and deadlines: Helps you deliver projects within the allocated budget
Progress tracking: Keeps track of the ongoing projects if they are on track or not, if resources need to be adjusted or not.
What to do in this respect:
Project management tools are an immense benefit to project planners to schedule and execute on-time tasks. They also offer a forum for team members to connect and interact at a single venue.










