Home Project Managenment 2023 Project Management Trends – Forbes Advisor

2023 Project Management Trends – Forbes Advisor

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2023 Project Management Trends – Forbes Advisor

Technological advancements and improvements in software and automation have made their way into nearly every industry, project management included. Digital tools can help make the job of a project manager more efficient.

Increased Prevalence of AI and Automation

Artificial intelligence, automation, machine learning and data collection and analysis are rapidly becoming critical elements in project management strategies. According to PwC, 77% of high-performing projects utilize project management software to help streamline their work and meet their goals.

AI has the capacity to evaluate outcomes and provide insights into performance strengths and weaknesses, provide organized data to guide important decisions, predict outcomes, estimate timelines, analyze risk and optimize resource distribution. Project management tools and software can also automate time-consuming administrative tasks normally performed by the project manager, leaving the project manager free to focus time and energy on more critical or more nuanced tasks.

Project managers who take the time to understand how the AI and automation processes in their organization can complement their role will be well-prepared to take advantage of this resource.

Increased Focus on Data

Project management and data go hand in hand. A project manager who successfully uses available data to gain insight into key metrics can craft a targeted strategy to improve existing processes and further the goals of their business. Project management software can assist with both data collection and analysis, and provide concise evaluations and visualization tools for project managers to refer to in team building, productivity and time management efforts.

Emphasis on Soft Skills and Emotional Intelligence

As AI and automation take over aspects of the more technical side of project management, more emphasis is placed on the soft skills a project manager needs to effectively connect with, motivate and manage teams. These skills include emotional intelligence, communication, conflict resolution, mentoring and training, adaptability, time and risk management, leadership, team building and decision making.

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