7 Project Management Trends in 2022 – The trends which will dominate the markets

The world of business has witnessed major changes in the past few years. A variety of factors have been responsible for those changes, including the biggest disruption in the form of the Covid 19 pandemic. Major studies conducted by market leaders like McKinsey have identified a major skill shortage in the global workforce. In their research methodology, they have differentiated skills into four major categories, namely

• Traditional Skills

• Key Digital Skills

• Technological Skills

• Transformational Skills

In each survey, it has been noted that the respondents perceive the future of the workplace in a different perspective. According to them, the skill requirements of the present do not match with the skill sets which would dominate the future. for example, the respondents have given priority to skills like (skills of the future)

• Problem solving ability

• Entrepreneurial behaviour

• Resilience

• Creativity

Digital skills are being given a priority by employees and employers alike. Thus, we can easily assume that the digitally skilled and equipped professionals will have an edge over others.

From these surveys, the researchers are getting valuable insights into project management. The following trends have been identified

1. Resource Planning is becoming highly important – Resource planning is classified under Operational, Tactical and Strategic levels. At the strategic level we have the Management Decision makers and PMO. At the tactical level, we have team leaders and project managers. At the operational level, we have the working professionals who would be working towards project completion. In modern work habitats, resource planning is done thoroughly to execute project completion.

2. Knowledge Sharing is on the rise and has become a priority – The knowledge is shared and cascaded down to the operational level from the tactical level. This helps in better goal completion and project deadline management.

3. Agile and Hybrid Methods continue to gain importance – Agile methodology has emerged as the most efficient methodology of project management. Some enterprises are also following the hybrid methodology where the Agile and Waterfall models co-exist.

4. Remote working and Hybrid work environments will become more common in the future – Remote workplaces will become an integral part of the modern workforce. Plus, with offices re-opening, there are a large number of professionals who would toggle between work from home and work from office. This segment of professionals make the hybrid workforce.

5. Change Management is crucial – Change or transformation is inevitable in business & technology. Hence, adaptability is the key to survival in tough market conditions. Businesses which have adopted a rigorous change management policy towards implementation of Digital Transformation will do comparatively better than the ones who are yet to roll out a Digital Strategy.

6. PMO becoming more strategic – The PMO or Project Management Office is becoming more strategic. Today, it is more responsible towards achieving strategic targets and coordinating internal activities. An efficient PMO ensures that projects are completed within time and budget.

7. Project Management tools are becoming more user friendly – The modern project management tools are becoming extremely user friendly. Hence, project team members are finding it easier to coordinate daily tasks between themselves. The modern project management platforms are easier to install and manage.

How ITPN can enable better Project Management

In case your enterprise is unable to efficiently manage projects using internal resources, you can rely on partners like ITPN for professional project management services in the US. ITPN's project management competency offers an objective, professional approach to meticulously manage the scope, plan, schedule, workforce, costs, and risks associated with the project execution. We use proven methodologies, leading concepts, industry best practices, standards, processes, tools, accelerators, latest techniques, metrics, measurements and reporting dashboards to consistently deliver successful predictable outcomes from distinct types of projects which involve a digital transformation program or delivering complex IT initiative(s) or completing regulatory compliance project, or promptly handling mission critical issues. We enable organizations to make sound decisions by prioritizing the deployment of scarce resources to target initiatives and maximizing their value to help achieve business outcomes truly aligned with the organization's strategy.