August 6, 2020
Only 19% of organizations deliver successful projects; according to a recent survey published by KPMG. This affirms how critical is the project management profession and the project managers’ roles.
This importance and criticality are getting noticed over years for realizing the success of the projects and with view to the four pillars of success:
Project Management Basic Set of Competencies and Skills
Success of a project manager is mainly dependent on a basic set of competencies and skills, as described by the Project Management Institute (PMI); and classified into three main competency areas:
Emerging and digital technologies are revolutionizing every aspect of business, the project management practices are not exception. For example, the rise of Artificial Intelligence (AI) and machine learning could be providing project managers with valuable data and insights that can transform projects and business performance at large.
The Internet of Things (IoT) also led to the evolution of Industry 4.0, that refers to the fourth industrial revolution that is primarily powered by the existence of unlimited connected and networked devices such as vehicles, machines, sensors … etc.; this connectivity allows these things to connect, interact and exchange. By exploiting this connectivity capabilities, Project Managers can, for example, retrieve real-time valuable insights and data that can rapidly increase efficiency and performance.
Digital tools also allow project manger to utilize unlimited collaboration tools and platforms and human resources management tools, to ensure effective team management that is essential for delivering successful projects.
(1) Data science, data management, analytics and big data.
(2) Innovative mindset and innovative thinking.
(3) Security, privacy knowledge, legal, regulatory and compliance knowledge.
(4) Data-driven decisions making.
(5) Collaborative leadership and digital collaboration tools.