Every organization can benefit from a project focus in order to achieve specific objectives and within certain time frames. Whether projects are currently the lifeblood of your company or not, they must be managed effectively to get the maximum benefit. The benefits are, of course, financial but other benefits include more wins, better customer relations, and a competitive advantage. To help prepare for the coming year, let’s discuss 5 project management trends for 2018 that will set you apart from your competition.
1. Rethinking the Management Structure
This doesn’t mean doing away with management altogether; it just means that managers throughout the hierarchy need to get used to engaging with employees on various levels.
2. Growing Investment in Project Managers –
Training to understand the project management discipline is necessary and companies that recognize that will reap great rewards. Project management is a mix of learned skills, experience, and basic leadership capabilities. Project managers that are exposed to skills and role-based training are more likely to have successful project outcomes. Organizations will attract great project managers if they recognize the importance of the project management discipline and have a training program, provide a career path, and have established project management processes and procedures.
3.Recognizing Employee Strengths and Weaknesses
In a path to more efficient workplaces, it’s becoming more and more apparent that a “one-size-fits-all” approach to managing employees is a good way to waste time and get poor results.
4. Increasing importance of a Project Management Office (PMO) –
Project Management Offices (PMO) are on the rise again. PMI’s Pulse of the Profession 2017 says: “Among organizations that have a PMO, half have an Enterprise Project Management Office (EPMO). Those that align their EPMO to company strategy report 38% more projects meet their original goals and business intent and 33% fewer projects are deemed failures.” Pretty compelling reasons to revive your existing PMO/EPMO or create a new one.
Having an open door policy, and an open organizational plan is key to moving forward with this type of project management trend.