Trends articles are always interesting to write – they kinda tell you a story of this or that industry, leaving just enough room for predictions. What will the industry be like this year and what will people bring to it? Will it change radically within several months or will it continue to move slowly but surely in the same direction it has been moving before?
I am not good at fortune-telling, but since there is enough evidence of certain tendencies, we can play a little guessing game called “project management trends 2020”.
Current Situation in Project Management
Project management is a curious thing – not so long ago not many people were taking it seriously, but nowadays it has become one of the biggest industries out there that develop with a speed of a spacecraft. Modern business is mostly built on projects – roughly, a sort of separate units that take one certain idea and try to implement it to the company’s benefit. How does this industry look nowadays and what are its best practices?
It is fair to say that project management is one of the most computerized spheres of work that doesn’t directly involve programming. Considering that it is relatively young, it depends on more modern solutions like software that helps workers to save their resources and manage the teams effectively. One of the central pillars of project management is communication. The job involves a lot of it since its main task is to connect different parties and make sure everyone’s happy with the final results.
As well as in every other sphere, project management moves into “let’s make it easier” direction. Interesting and innovative solutions that help finish projects of different kinds on time emerge with a fascinating frequency. What are these solutions and what are the current trends in project management in 2020? Let’s dive in.
7 Most Anticipated Project Management Trends in 2020
№1: Importance of communication
Every industry tends to become considerably more communication-driven because of the increased amount of information in the world. Mostly, it refers to feedback. Companies have been looking for ways to collect, manage, and organize feedback, loss of which might lead to project failure. According to the research by Project Management Institute, inaccurate requirements gathering and poor communication are one of the five most common reasons for project failures. Considering that most of the communication is feedback and exchange of ideas, businesses need to standardize the procedure of their exchange and collection.
№2: Getting rid of multitasking?
This one is the most controversial out of all trends in project management 2020.
In all honesty, I cannot say that the project manager position has certain defined functions that are followed by all companies. These functions vary a lot depending on the type of industry, company, and the type of project. Mostly, they consist of tasks that link the team with stakeholders and organize the workflow – and it’s already a lot. However, because of globalization, the number of these functions continues to grow. Project managers now work with QA’s, developers, designers, content makers, clients – practically everyone who is involved. Considering that in modern market realities every company has to offer more of everything to remain competitive, project managers have to do numerous tasks at the same time.
If we look at this process within the scope of the modern world, it is natural that companies want to keep up with the tempo of globalization. Is it good, though?
Multitasking is typical not only for project managers but also for many other team members, especially when it concerns small and medium-sized businesses. However, the fact that this tendency is very widespread doesn’t mean that it necessarily affects projects positively. Whenever you google something like “multitasking in business”, you mostly get articles which explain why multitasking is bad for you – it lowers the quality of your work, damages IQ, makes you prone to cheating, and etc. I wouldn’t say that there is a trend to get rid of it because there is no reliable information about that, but considering the general mostly negative attitude and development of automation, I would say that we might see this tendency become one of the new trends in project management.
№3: Task automation
Automation in project management has been developing at a very rapid tempo, and currently, it is totally impossible to neglect. The market offers numerous software solutions for project management. These numbers continue to grow: IBIS World reports that the revenue of the automation software market has been growing 7% annually for the last five years, and in 2019 alone this number reached 8.7%. Total revenue now comprises $5.7 billion, and this number is expected to increase in 2020. The reasons are the growing demand for automation software and considerable investments in the sphere. This definitely means that task automation is now one of the top project management trends in the world.
More and more companies begin to understand the whole value of SaaS tools for project management. According to Capterra, 76% of users assess their experience of project management software as satisfactory or very satisfactory. The reason is the ability to decrease time and financial expenses avoiding repetitive manual tasks. These tasks are trusted to specified tools, most of which are developed specifically for certain niches with lots of integrations available (although there are also some all-in-one solutions for larger businesses). It allows companies to avoid mistakes caused by human factors in multiple parts of the workflow, such as forwarding feedback, generating reports and documentation, assigning tasks, and etc. It is much easier to control the project when all workflow parts are standardized.
The design industry is one of those business spheres where automation software development is the most visible. Considering the importance of feedback in the design, most companies tend to abandon email proofing for the sake of specialised solutions. It is no wonder: email is easy to lose, and the more important information is inside, the more drastic effect it will have on the final draft. Specialised design proofing software allows users to add on-screen annotations with specific mark-up tools and discuss the project during the proofing sessions. Also, there is a possibility to generate reports on the projects, compare version and much more. One of such tools that have all of these functions is Approval Studio.
№4: AI and jobs’ differentiation
With so many tasks becoming automated, the job market will definitely face a lot of changes. Some jobs that require manual and repetitive work will become extinct to a large degree, although it is a process for many years to come. However, job computerization will hardly affect anyone in the project management sphere despite there will definitely be a slight modification.
If the industry continues to implement project management and automation software at a current rate, more and more companies will have to employ people who will work specifically with the chosen software. It already happens in large companies, and I believe that this tendency will continue in 2020, building a foundation for one of the biggest future project management trends.
On the other hand, huge software developers might have project managers bound to biggest clients on their side. The model of cooperation is very negotiable, but having a specified worker to manage the PM tool of your choice is becoming more and more widespread.
№5: Remote teams
Remote work and outsourcing are one of these trends that have been dominating the project management industry for many years already. Global Workplace Analytics analysis states that the number of employees working from home increased by 140% since 2005. It is no wonder: many people prefer more flexible hours and independent schedules. According to a study by OWL Lab on remote work, 71% of remote workers reported that they are happy with their job compared to 55% of office workers. It also concludes that the main reasons why people opt for remote work are less stress and better work-life balance.
Does this trend have any benefits for employers?
Mostly, it does. The main concern about remote workers is that they don’t work enough hours, while the statistics from OWL Lab suggest that on remote people work 40+ hours per week 43% more times than on-site.
Although remote work is definitely not for everyone, it might create a very effective collaboration between different team members. It depends on the exact people you’re working with. However, considering the growth of remote work popularity, it is evident that this tendency will only continue to spread.
№6: Demand for PACIER skills
The mission and main goal of every project is to solve a problem. Design projects solve marketing issues, software projects help fulfil certain programming functions, research projects provide statistical data, and so on. However, before any project begins, the team that is behind it has to create a strategy that would answer the main question: how do we do it?
To answer this question, each team member involved has to possess certain cognitive skills that are in huge demand nowadays. World Economic Forum suggests that problem-solving will be the most important skill necessary for successful employment in 2020 as it was in 2015. This is already an established trend and there is nothing new in it.
However, there was a rather interesting shift for critical thinking and creativity that entered top-3 compared to the 4th and 10th places five years ago. Together with problem-solving, they belong to a so-called PACIER group of skills. Considering the rapid automation of mechanical work, it is no wonder that demand for them grows, and the project management sphere is not an exception. With an astonishing amount of different projects and ideas, your project has to be very fresh and special if you want it to stand out, and cognitive skills are the best solution to create something original.
№7: Design is everywhere
Graphics are the most universal means of conveying information. They are easy to comprehend and remember, they attract people’s attention, and we get in contact with them every moment of our lives. Hardly any modern project is finished without at least some design work, which tells volumes about its impact. It is one of the most significant elements of any business niche today: Finances Online reports that 49% of small and midsize businesses consider design as a very important part of their success.
Naturally, the main niche where design is used is marketing, which is the primary post-production part of most projects. The increase in need for design is evident: 68% of marketers plan to increase the use of visuals in their marketing products. It increases the visibility of your project, making it more recognizable and attractive.
It concerns not only graphic design, though: due to rapid technological advancement, UI/UX design has become not less ubiquitous than its more traditional variation. eConsultancy reports that 74% of companies think proper user experience is a vital instrument to increase their sales. Thus, depending on the type of your project, it is almost inevitable that you will have to use a certain type of design to make it successful.
Latest project management trends show that the industry continues to lean heavily towards digitalization. Although not every company has embraced it yet, technology is a very large part of the industry. It makes communication and multitasking much easier, allows remote work option, creates new jobs, and leaves more room for cognitive skills, taking away the mechanical tasks. We are now able to concentrate on such things as creating a better design since we do not have to worry about missing someone’s feedback and forwarding tons of emails. Naturally, you have to keep up with all this crazy-tempo thing, and if you need help particularly with the design area – Approval Studio is always there to help you!
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