Five Disruptions threatening the Project Profession’s Future - PM 360 Consulting
17154
post-template-default,single,single-post,postid-17154,single-format-standard,wp-custom-logo,theme-bridge,woocommerce-no-js,ajax_fade,page_not_loaded,,qode-content-sidebar-responsive,columns-4,qode-theme-ver-11.0,qode-theme-bridge,wpb-js-composer js-comp-ver-5.1.1,vc_responsive

Five Disruptions threatening the Project Profession’s Future

Distruption in Project Management

Five Disruptions threatening the Project Profession’s Future

Distruption in Project Management

In the next five years, the world will see more projects than ever. The reconstruction of the economy after the devastating global pandemic crisis will be unprecedented. According to McKinsey, governments announced $10 trillion in reconstruction funds in the first two months of the crisis, which is three times more than the response to the 2008–09 financial crisis.

We’re talking about millions of projects, which will need millions of project managers. This is confirmation of the ‘project economy’, a term I conceived in 2018.

Despite this positive outlook, five significant disruptions will put at stake the project management profession that we have come to know over the past 40 years. We should consider these signals as an urgent call for much-needed changes in our practices and competencies (after all, it’s a small price to pay for the unique opportunity that the project management profession has to lead us into the future).

1. The end of job descriptions, the start of project roles

The move from a world driven by efficiency to one driven by change will have enormous consequences in terms of strategy, culture, organisational structures, competencies and compensation. More and more work will be carried out through projects. The Richards Group is one of the largest independently owned ad agencies in the US. Stan Richards, its founder and CEO, removed almost all of its management layers and job titles, leaving only that of the project manager. This is not an exception. Today, most employees don’t work on what their job descriptions state; they work on changing priorities, strategic initiatives and delivering value. They’re actually working on projects.

2. From project managers to strategy implementation professionals

My latest research for the Harvard Business Review Project Management Handbook clearly shows that senior leaders see project management as a core competency. However, project managers will need to learn new skills. For example, they will need to start facilitating ideation and using design thinking techniques to ensure that the best ideas are chosen and developed into projects that generate value through the right project management approaches. To help project managers, scrum masters and managers to make this step change, we developed the first global online Strategy Implementation Professional certification, together with APMG International.

3. Expanding our toolkit

It is not waterfall or agile; it is both and more. Many of us grew up implementing project management methodologies with the idea that one size fits all. This means all projects will need to follow the same methodology, life cycle, templates – first waterfall, then agile methods. Today, we know that this is wrong; you cannot have just one method to address all the projects in your organisation. You should be able to apply one method or different techniques simultaneously.

4. The project management office: transform now or game over

PMOs are designed for hierarchies, reporting to the CIO, CFO or CEO. However, hierarchies are structures of the past. Today, most organisations look for more agile settings, with fewer management layers, promoting project-based work and self-managed teams. PMOs need to change urgently. First, PMOs must move to cover strategy and transform into strategy implementation offices. Second, we must develop agile PMOs, temporary entities that will assist in traditional and agile projects. Once the project is over, the PMO should transition into running, operating or selling what the project has produced and delivered.

5. Artificial intelligence will disrupt project management

We have to embrace technology now. According to Gartner, 80 per cent of the project management taskS will be taken over by artifical intelligence by 2030. Most projects are managed with Microsoft Project, software launched in 1987. Project portfolio management tools offer more advanced features but are far from being applications that benefit from the latest technologies. Soon we will start seeing algorithms that can predict the success rates of projects, validate a project’s scope and automatically design a project plan in minutes. Losing a significant part of our current tasks might be scary for many, yet it is a vast opportunity to switch our focus to more value-added activities.

Finally, I want to share a global challenge for our project management community. Today, about 70 per cent of projects fail to deliver their objectives. Considering that every year approximately $48 trillion is invested in projects, we fail to deliver trillions of benefits, value and impact. What if we commit to doing much better? If we increase our success ratio from 30 per cent to 60 per cent, we would be adding to the world approximately the GDP of China in extra benefit, year after year.

Article written by Antonio Nieto-Rodriguez

www.antonionietorodriguez.com

25 Comments
  • Carmelo
    Posted at 04:59h, 21 April Reply

    obviously like your web site however you need to test the spelling on quite
    a few of your posts. Many of them are rife with spelling
    issues and I in finding it very troublesome to tell the reality however I will surely come again again.

  • ok388 test
    Posted at 08:21h, 21 April Reply

    Hello to all, how is the whole thing, I think every one is getting more from this web page,
    and your views are fastidious for new visitors.

    Also visit my homepage :: ok388 test

  • test calibet
    Posted at 08:27h, 21 April Reply

    Hi there just wanted to give you a quick heads up.
    The text in your post seem to be running off the screen in Ie.
    I’m not sure if this is a formatting issue or something to do with browser
    compatibility but I figured I’d post to let you know.
    The design look great though! Hope you get the problem resolved
    soon. Kudos

    Also visit my blog: test calibet

  • 918kiss-m.com
    Posted at 08:41h, 21 April Reply

    Sweet blog! I found it while searching on Yahoo News.

    Do you have any suggestions on how to get listed in Yahoo News?

    I’ve been trying for a while but I never seem to get there!
    Thanks

    My web blog pussy888 download link (918kiss-m.com)

  • mega888apk download
    Posted at 08:51h, 21 April Reply

    Thanks for the auspicious writeup. It actually was once a enjoyment account it.

    Look complicated to more added agreeable from you! By the way,
    how could we keep up a correspondence?

    Take a look at my homepage :: mega888apk download

  • 918kiss-m.com
    Posted at 08:51h, 21 April Reply

    My family always say that I am killing my time here at net, but I know I
    am getting know-how all the time by reading thes pleasant articles
    or reviews.

    My blog post; game slot lionking888 (918kiss-m.com)

  • aaa1188 slot Game List
    Posted at 09:07h, 21 April Reply

    Heya i am for the first time here. I found this board
    and I find It really useful & it helped me out much.
    I hope to give something back and aid others like you aided
    me.

    Feel free to surf to my web blog: aaa1188 slot Game List

  • live22 casino
    Posted at 09:12h, 21 April Reply

    I blog quite often and I really appreciate your content. Your article has really peaked my interest.
    I’m going to book mark your site and keep checking for new details about
    once a week. I opted in for your Feed too.

    Here is my web-site; live22 casino

  • 918kiss 2 free download
    Posted at 09:39h, 21 April Reply

    Good info. Lucky me I ran across your website by chance
    (stumbleupon). I have bookmarked it for later!

    Here is my blog: 918kiss 2 free download

  • jackpot Ace333
    Posted at 10:12h, 21 April Reply

    Somebody necessarily assist to make critically posts I might state.
    This is the very first time I frequented your website page
    and thus far? I amazed with the research you made to create
    this actual post incredible. Wonderful task!

    My site – jackpot Ace333

  • demo rollex11
    Posted at 10:24h, 21 April Reply

    Hey there just wanted to give you a quick heads up.
    The text in your post seem to be running off the screen in Ie.
    I’m not sure if this is a format issue or something to do with web browser
    compatibility but I figured I’d post to let you know.
    The style and design look great though! Hope you get the issue solved soon. Thanks

    Here is my website demo rollex11

  • download game love138
    Posted at 12:49h, 21 April Reply

    A person necessarily lend a hand to make significantly posts I might
    state. This is the first time I frequented your web page
    and to this point? I surprised with the analysis
    you made to create this particular post extraordinary. Excellent
    activity!

    Take a look at my website – download game love138

  • wm casino test id
    Posted at 12:58h, 21 April Reply

    Link exchange is nothing else except it is
    just placing the other person’s weblog link on your page at suitable place and other person will also do similar in support of you.

    my web-site: wm casino test id

  • playboy2 original
    Posted at 13:04h, 21 April Reply

    I appreciate, result in I found exactly what I was looking for.
    You’ve ended my four day lengthy hunt! God Bless you man.
    Have a nice day. Bye

    Also visit my web site :: playboy2 original

  • download sky777 original
    Posted at 13:12h, 21 April Reply

    Do you have a spam problem on this blog; I also am a blogger, and I was wondering your situation; many of us have created some nice
    practices and we are looking to trade techniques with other folks, please shoot me an e-mail if interested.

    Also visit my website – download sky777 original

  • mega888 test id free
    Posted at 13:33h, 21 April Reply

    Thank you for the auspicious writeup. It in fact was
    a amusement account it. Look advanced to far added agreeable from you!

    By the way, how could we communicate?

    My site; mega888 test id free

  • Joker123 queen bola99
    Posted at 13:47h, 21 April Reply

    Saya tidak bisa menolak berkomentar. Sangat baik ditulis!

    Stop by my web-site; Joker123 queen bola99

  • Jordan
    Posted at 14:26h, 21 April Reply

    Saya tidak bisa menahan diri dari berkomentar.
    Baik ditulis!

    My page … Joker123 download free [Jordan]

  • i1 3win8
    Posted at 15:16h, 21 April Reply

    obviously like your web site however you have to take a look at the spelling on quite a few of your posts.
    Several of them are rife with spelling problems
    and I find it very bothersome to tell the truth nevertheless I
    will definitely come back again.

    Here is my homepage – i1 3win8

  • 918kiss-m.com
    Posted at 15:56h, 21 April Reply

    Hi! I could have sworn I’ve been to this blog before but after looking
    at some of the posts I realized it’s new to me.
    Anyhow, I’m definitely happy I found it and I’ll be bookmarking it and checking back regularly!

    my blog :: xe88 angpao (918kiss-m.com)

  • 918Kiss-m.com
    Posted at 16:14h, 21 April Reply

    Appreciating the commitment you put into your site and in depth information you present.
    It’s awesome to come across a blog every once in a while that isn’t
    the same out of date rehashed material. Fantastic read! I’ve saved your site and I’m including
    your RSS feeds to my Google account.

    Also visit my web page … download game wukong333 (918Kiss-m.com)

  • game slot 918kiss plus
    Posted at 16:15h, 21 April Reply

    It’s awesome to visit this web site and reading the
    views of all friends on the topic of this paragraph,
    while I am also zealous of getting knowledge.

    Here is my blog … game slot 918kiss plus

  • kiosk club suncity vip
    Posted at 17:44h, 21 April Reply

    Simply wish to say your article is as amazing. The clarity in your post is just great
    and i can assume you are an expert on this subject.
    Fine with your permission let me to grab your RSS feed to keep updated with forthcoming post.
    Thanks a million and please carry on the rewarding work.

    Here is my webpage: kiosk club suncity vip

  • www joker888 net
    Posted at 18:10h, 21 April Reply

    Very great post. I simply stumbled upon your weblog and wanted to say that
    I’ve truly loved browsing your weblog posts.
    In any case I’ll be subscribing to your feed and I hope you write again very soon!

    Here is my blog; www joker888 net

  • Jenny
    Posted at 10:05h, 08 May Reply

    Today, I went to the beachfront with my children. I found a
    sea shell and gave it to my 4 year old daughter and said “You can hear the ocean if you put this to your ear.” She put the
    shell to her ear and screamed. There was a hermit crab inside and
    it pinched her ear. She never wants to go back! LoL I know this is entirely off
    topic but I had to tell someone!

Post A Comment