7 Major Industry Trends in Project Management
There are some industry trends that Project Managers need to understand to run a successful project. Although Project Management Institute opines that you can manage any project if you are PMP certified. The fact remains that you may not be able to perform well if you do not understand the trend in that particular industry. In this article, I want to look at what Project Managers need to understand in order to perform creditably well.
#1 PRODUCT AND TECHNOLOGY DEVELOPMENT
The Project Manager needs to understand the old and modern terms of how products and services are developed in that particular industry. He has to be able to identify how technologies are used in the production of goods and services within that particular industry. He might be called upon to improve on that process or develop new processes for the organisation. Besides, the mode adopted will determine the roles of individuals in that organisation.
#2 NEW AND CHANGING NICHE
As the Project Manager, one of the major industry trends that you need to understand for optimal growth is new and emerging market niches within that industry. He might be called upon to advise the organisation on how to capture new target markets and reach new audience. This will also enable him to understand the roles that he needs to play within the new ecosystem.
The Project Manager also needs to be aware of the minimum required standards in the industry to operate as a Project Manager. He must know about standards relating to project management, quality management, information security management, products and services acceptance for that particular industry before he can operate successfully within that industry.
#4 TECHNICAL SUPPORT TOOLS
The project manager must also be versatile when it comes to the use of technical support tools within that industry. He has to know how to use project management tools as well as communication tools that will allow him to carry stakeholders along and fulfil their requirements. This might also include modern tools that have to do with information communication technology that is available within that particular industry.
#5 ECONOMIC FORCES
If there is any reason why organisations embark on projects, it is to achieve project goals. The Project Manager needs to ensure that he understands all the forces that are gearing up interest in the project.
He needs to know if the forces are within or outside the organisation. That means if it is outside the organisation, the organisation will not be able to control it. Take, for example, an organisation might decide to embark on a project because their competitor has done something similar or superior.
The expectation for success is very high. This might put undue pressure on the project manager.
The Project Manager as part of the major trends that he needs to understand must know some of the major influences affecting project management in that industry. He has to know some of the “powers that be” in that organisation. These are the structures that set targets for the project manager. Such powers must be recognized if the Project Manager wants to remain relevant in that organisation.
#7 PROCESS IMPROVEMENT
One of Project Management’s focus is to improve processes and sustain strategies within the organisation. At every point in time, the project manager in collaboration with other stakeholders needs to analyse the overall processes on the organisation. This will allow them to know some of the steps that can be removed. They can be removed because they are not adding up to the entire process. It might be because new trends are being introduced.
Now your take on this argument.
We would also like to hear what you feel about the topic we discussed today. Your feedback is very important to us. Feel free to drop your comments and recommendations. If you have a contrary opinion, you can drop that too.
You can also join our Facebook Page CRMNigeria for more updates. You can do that by clicking on the link or searching for our page on Facebook.
Click here to Download 5 E-Books that I have taken time to prepare for you.
These E-Books contains formulas that have helped many of my students to nail the PMP Exam. You can also make use of this E-Books. While you are using it if you have questions to ask me concerning the Formulas, feel free to shoot me a mail. I am committed to assisting you to nail your PMP exam. It’s a pledge. You can always count on me as a friend.
PS: For like seven years since I started blogging I have tried many platforms and tools. Some worked and some of them performed below expectation. Here are some of the tools that I will gladly recommend for you any day, any time.
PS: Click on the link below to sign up for my Online E-Course CRM Training. Make sure you confirm your subscription by clicking on the link sent to you. Thanks.
Adeniyi Salau PMP , CCNA R&S , CDMP, CEP, MOS, MCP, CSCU (Project 2016), Microsoft Certified Security and Networking Associate is a Google and Beingcert Certified Digital Marketer, Project Manager and SEO Expert of repute with about a decade of Blogging and online marketing experience. He is always ready to share his experience with others.