As we approach 2024, project managers must stay informed about the latest trends and developments in the field. The project management landscape is constantly evolving, and staying ahead of the curve can make all the difference in the success of your projects. This blog will look at 23 project management trends to keep an eye on in 2024.
Project Management Trends That Are Here to Stay
- Remote work will become the norm. According to a survey by Buffer, 99% of respondents want to continue working remotely at least some of the time post-pandemic. Companies will continue to adopt flexible work arrangements in 2024, and project managers must learn how to manage remote teams effectively.
- Artificial intelligence and Machine Learning will play a bigger role in project management. AI can help project managers with scheduling, resource allocation, and risk management tasks. According to a report by MarketsandMarkets, AI in the project management market is expected to grow at a CAGR of 24.1% during the forecast period 2020-2025.
- The Agile Methodology will continue to DOMINATE. According to the recent State of Agile report, 94% of organizations use Agile in some form. Agile project management is a flexible and adaptive approach that allows teams to respond quickly to changes and deliver value faster.
Also read benefits and impact of Agile in AI and Machine Learning
- Increased use of Project Management Software. Project management software can help project managers with task tracking, resource management, and collaboration tasks. According to a report by Technavio, the project management software market is expected to grow by USD 3.54 billion during 2020-2024.
- Emphasis on Soft Skills. Project management is not just about technical skills but also about people skills. In 2024, project managers will need to be able to communicate effectively, build relationships, and lead teams. According to a PMI survey, project managers need to develop the top three skills of leadership, strategic and business management, and stakeholder management.
- Increased use of Virtual and Augmented Reality. Virtual and augmented reality can be used for training, product design, and project visualization tasks. According to a report by MarketsandMarkets, the virtual and augmented reality market is expected to grow at a CAGR of 57.8% during the forecast period 2020-2025.
- More focus on Sustainability. Companies are becoming more conscious of their environmental impact and will look for ways to make their projects more sustainable in 2024. Project managers will need to be aware of sustainable practices and be able to integrate them into their projects.
- Increased use of Data and Analytics. Data and analytics can help project managers with risk management, performance measurement, and decision-making. According to a report by MarketsandMarkets, the data analytics market is expected to grow at a CAGR of 11.7% during the forecast period 2020-2025.
- Emphasis on Cybersecurity. With the increasing use of technology in project management, cybersecurity will be a major concern in 2024. Project managers must be aware of the potential risks and have measures to protect their projects from cyberattacks.
- More emphasis on Employee Engagement. Engaged employees are more productive and more committed to the project’s success. In 2024, project managers must focus on engaging their team members and creating a positive work environment.
- Increased use of Cloud-Based Solutions. Cloud-based solutions can help project managers with collaboration, data storage, and software access. According to a report by research and markets, the cloud-based project management software market is expected to grow at a CAGR of 18.5% during the forecast period 2020-24.
- Greater focus on Outcome-Based Project Management. In 2024, project managers must focus on delivering tangible results and outcomes rather than just completing tasks. This means shifting the focus from inputs (e.g., hours worked) to outputs (e.g., completed deliverables).
- More use of Design Thinking in project management. Design thinking is a problem-solving approach that involves understanding the user, prototyping solutions, and testing ideas. In 2024, project managers must adopt design thinking to create innovative and user-centered solutions.
- More emphasis on Stakeholder Engagement. In 2024, project managers will need to engage with stakeholders at all levels, from the project team to the C-suite. This means understanding stakeholders’ needs and concerns and communicating effectively throughout the project.
- Increased use of Project Portfolio Management. Project portfolio management is selecting, prioritizing, and managing a portfolio of projects. In 2024, project managers must adopt project portfolio management to ensure that their projects align with the organization’s strategic goals.
- More use of Automation in project management. Automation can help project managers with scheduling, resource allocation, and reporting tasks. In 2024, project managers will need to adopt automation to save time and increase efficiency.
- More emphasis on Continuous Improvement. In 2024, project managers will need to improve their projects, processes, and team performance continuously. This means regularly reviewing and analyzing project data and making adjustments as needed.
- Greater use of Gamification in project management. Gamification is the use of game design elements in non-game contexts. In 2024, project managers must adopt gamification to increase engagement, motivation, and collaboration among team members.
- More focus on Emotional Intelligence. Emotional intelligence is the ability to recognize, understand, and manage emotions. In 2024, project managers will need to develop their emotional intelligence to understand better and work with team members and stakeholders.
- More emphasis on Creativity and Innovation. In 2024, project managers must foster creativity and innovation to develop new and better solutions. This means encouraging team members to think outside the box and take risks.
- More use of Project Management Methodologies such as Scrum and Kanban. In 2024, project managers must adopt project management methodologies such as Scrum and Kanban to improve collaboration, transparency, and flexibility.
- Greater use of Mobile Project Management. Mobile project management uses mobile devices and apps for project management tasks. In 2024, project managers must adopt mobile project management to stay connected and manage projects from anywhere.
- More emphasis on Mental Health and Well-Being. In 2024, project managers must focus on their team members’ mental health and well-being. This means creating a positive work environment and supporting team members struggling with stress and burnout.
Conclusion
In conclusion, the project management landscape is constantly changing, and in 2024, project managers will need to be flexible, adaptive, and proactive to stay ahead of the curve. By keeping an eye on these trends and developments, project managers can ensure that their projects are successful and deliver value to the organization.
Glossary
1. Agile project management: A flexible, iterative approach to managing projects that emphasizes adaptability and continuous improvement.
2. Cloud computing: The use of remote servers to store, manage, and process data, as opposed to using a local server or personal computer.
3. Emotional intelligence: The ability to recognize, understand, and manage one’s own emotions and the emotions of others.
4. Machine learning: A type of artificial intelligence that allows computers to learn and improve from experience without being explicitly programmed.
5. Mobile project management: The use of mobile devices and apps to manage and track projects on the go.
6. Risk management: The process of identifying, assessing, and prioritizing risks to a project, and taking steps to mitigate or manage those risks.
7. Scrum: An Agile project management framework that emphasizes teamwork, accountability, and flexibility.
8. Sustainability: The ability to meet the needs of the present without compromising the ability of future generations to meet their own needs.
9. Virtual and augmented reality: The use of technology to create immersive digital environments or to enhance real-world environments.
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Contributed by Project Management (PM) Experts
Marc Hammoud – Project/Programme Manager, H&D
Braunschweig Area, Germany
Marc has a B.S. from the American University of Beirut and an M.Sc. from the University of Geneva. His professional experience goes back to 1998 in Lausanne, Switzerland and extends to his current role at H&D in Germany. Marc is a certified PMP, Project Director, PRINCE2, Scrum Master, ITIL, IT Professional – Enterprise. In his current role, Marc provides cross-team leadership with a balanced mix of technical and project management skills.
Rohini Das – Senior Project Manager, Zurich Financial Services
Sydney, Australia
Rohini is a Senior Project Manager with Zurich Financial Services Australia and has been in the General Insurance product development and project management space for over 16 years. She has a keen interest in the Agile framework and General Insurance industry.
Dharam Singh – CEO, vCare Project Management
NSW, Australia
Dharam Singh is an award winner and a leading PgMP and PfMP mentor from New South Wales, Australia. As the CEO of vCare Project Management, his company has been the training partner for both PMI Melbourne and PMI New Zealand chapters. He has over 25 years of experience and has the distinction of serving as the Secretary & Certification Director or PMI Sydney.
Chris Dickson – Senior Project Manager, APP Corporation
Adelaide, Australia
Chris Dickson has nearly 10 years of experience across the construction and client side roles and has covered wide industry verticals such as Commercial, Industrial, Defense, Mining, Education, New Construction, Government and Technology Projects. Currently, he is involved in the defense and commercial sector representing a number of key Australia and Global clients.
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