I recently came across a blog post on PMI’s called 7 Project Management Trends to Monitor. I admire the work of the author and share similar views on the issues raised by Mr. V Srinivasa Rao. These are my views regarding five of the most important aspects of project management:
1. Look beyond the triple constraints
Sometimes, we finish projects but aren’t satisfied. I believe the project’s worth should be quantified and communicated to all team members prior to its completion. This will allow everyone to work together and reap the tangible and intangible benefits of the project. Organizations should not only satisfy stakeholders but also focus on achieving internal value (values). They should also be delivering projects within three constraints. Organizations need to establish procedures to ensure that the value of the project is evaluated, verified and improved upon in future projects. High-quality projects are only possible when organizations are committed to providing high-quality services. This means that team members and project managers must be well-trained in project management skills. It can be difficult to manage multiple projects when you have limited resources. This requires skilled project managers who have proven systems within the organization.
2. The most recent trends in Project Management
No organization can grow if it doesn’t implement industry-standard templates or best practices. To keep up with economic trends and current business practices, it is essential to review and update all existing procedures within an organization. Organizations should strive to keep up with technological advances and gain value.
3. Functional managers must have project management skills
Every organization’s lifeblood is its projects. It is impossible to have good project managers and not also teach other functional managers. Project managers can’t work alone. All functional managers must be trained to meet project needs. To get the best value from functional managers, it is important that projects are executed within their scope. Examples of these include the implementation of an ERP system within an organisation, enterprise-wide project manager tool, Quality Management Systems, among others. These projects will provide training on the job for functional managers and help them understand how to deliver projects within constraints.
4. Every employee is a project manager
It is a good idea for every employee to act as a project manger. This is especially true in a matrix structure where project managers have less control over the resources they allocate and face greater challenges managing these resources. Functional managers often assign resources and fail to see beyond their primary roles. Functional managers often fail see the larger picture of a project and its deliverables, as well as the value it can bring to the company. It is essential to train all employees in Project Management to understand the role and strategic importance of project managers. All employees should be trained in basic concepts of project management such as scheduling and planning.
5. PMO as profit center
Project managers are responsible for more than managing activities between departments. It includes tasks like organizing meetings and reminding people to meet deadlines. The organization has a greater role for project managers. A competent project manager must have a good understanding of the business and be able communicate with stakeholders.
