- Waterfall project management life cycle.
- Adaptive project management life cycle (Agile life cycle).
- Waterfall project management and Inclusion of hybrid project management life cycle.
- Available Tools of Advanced project management.
- The expansion of Artificial Intelligence.
- Increased of remote working solutions.
- The future?
Just think in how our lives have changed in the last fifty years? How technology have changed all aspect of life and made our daily tasks easier? Same happened to project management industry. For example; fifty years ago, the guide to the project management body of knowledge (Pmbok Guide) was not published by Project Management Institute (PMI). Today, in 2020, things have changed extremely, we have the (Pmbok Guide) 6th edition which was released by (PMI) containing 49 processes that represent the best practices for managing a project. As a result of speed change, the (PMI) is going to release (Pmbok Guide) 7th edition “which is under preparation” to keep up to date the agile methodologies.
Let’s cut the chase and take a look at How Projects Are Managed Today around the world.
Waterfall project management life cycle
This represent the traditional approach of project management, where there is a clear linear progress from start-up through to closure of a project passing through the mandatory phases to finish the project deliverable where activities flow from high level to low level same as the water drops from waterfall. In this approach of project management, we do heavy up-front analysis, documentation and planning with a proposed solution, which then gets built, tested and finally gets delivered to customers.
And project deliverable are clearly defined for every phase. The project scope, schedule, and cost are determined in the early phases of the project life cycle. The waterfall life cycle is mostly used in construction projects. Such as; Project of building a house and construction of a road.
Adaptive project management life cycle (Agile life cycle)
In Agile projects, work is delivered in small and frequent releases. This has many advantages like it allows the team to have a high focus on their work as they are focusing on few items to deliver at a time and customer receives functionalities quickly. As each iteration is small and frequent, it allows the team to maintain and implement continuous improvements. The Adaptive life cycle is mostly used in software development projects. Such as; Project of developing a mobile application that detect Covid-19 Symptoms or new database for a company.
Waterfall project management and Inclusion of hybrid project management life cycle
In addition to what we said at the beginning of the article, each project is unique, has it’s own characteristics, team, scope, financing and timing and as a result of the advanced technology in 2020, the number of projects using adaptive life cycle is increasing day by day. Therefore, the (PMI) decided to make inclusion of hybrid project management approaches in it’s content which is a combination of a waterfall and an adaptive life cycle, so that project manager can tailor what suits his project characteristics.
Available Tools of Advanced project management
In today’s advancement of technology, project management tools have become an essential part of project management. The majority of projects use project management software to plan, execute, and control all aspects of the project management. So, Project management tools and solutions have majorly been the game-changing factor in managing projects.
Hereinafter are some ways of how these tools are making positive changes in project management.
- Project planning: which uses lessons learned repository from previous projects for better planning.
- Scheduling, progress monitoring and forecasting: Keeps monitoring of the project activities status compared to planned schedule, cost and scope baselines and determining if any corrective action is needed. If any deviation from planned is occurred because of different unplanned risks or not and if resources is needed to be allocated or increased to recover any delays or not. And what if scenarios, that represent assumed scenario that may the project face during implementation and how the project will be impacted.
- Communication: Lets you share critical and necessary information with project stakeholders according to your project communication management plan for easy and clear understanding of their responsibilities.
- Budgets and deadlines: Help you deliver projects within the assigned budget and within the project deadlines.
- Keeps monitoring of the ongoing projects and determining if they are on track as planned or not.
There is no doubt that these project management tools are very helpful for project managers and project management team for planning, executing, monitoring and controlling and closing of the project successfully within the defined constraints by the customers.
The expansion of Artificial Intelligence
However there’s a part of argument around artificial intelligence and its impacts. Just like technology development, healthcare, space science, and financial sector, the impact of artificial intelligence is existed in the project management industry.
Many of enterprises and institutions have already started using Artificial Intelligence in project management to perform their daily activities that require human effort using activity automation.
The impact is that project managers can use it to perform complex activities ranging from project scheduling to data analysing according to the captured insights as well as reduction of errors and increase of productivity rate.
Increased of remote working solutions
It’s clear for all that the coronavirus outbreak has put most of world cities and towns on lockdown making work remotely sky-rocketed in these days. According to ‘‘Gallup’’, ‘‘American workers are increasingly doing their jobs from home as a result of the coronavirus crisis, Sixty-two percent of employed Americans currently say they have worked from home during the crisis, a number that has doubled since mid-March 2020.’’
The same circumstances with projects management teams around the world who are now working remotely. You can see the big benefits of working remotely which include; flexibility, you can work from any location and spending time with your family. So, it is predicted that most enterprises and entities concerned with projects management will increase the use of working remotely solutions for their employees within the next few years.
Along with these approaches, you might observe a considerable rise in millennial generation of project managers and project management teams with using of all available advanced technologies )that will keep in continuous change in parallel with project management approaches( according to each project characteristics in order to execute and deliver the project outcome successfully.