“What has had the most significant impact on project management in the last five years?” – that was the question. The answer, which came from over 2000 project managers around the world, has at least five facets according to a report by Arras People. Lindsay Scott shares these five impacts in an article for Business 2 Community.
5 Years / 5 Impacts
- The recession
- The rise of agile methodology
- The publicity of large, successful projects
- Organizational change
- Software advancements
The global financial crisis that started in 2008-2009 kicked off a string of changes in the profession of project management including, but not limited to, the large-scale adoption of project portfolio management as a PM strategy, and an attempt to make businesses more accountable and project management more professional. An increased focus on the people side of business coupled with greater financial accountability led to a higher demand for PMs, and coincided with a jump in PM certifications and training. As a possible consequence of the recession-spurred restructuring and the mass funding decreases that took place in its aftermath, there arose an increased focus on good governance practice, as well as virtual teams and outsourcing. In a word, seeking to attain financial efficiency, the business world has become “projectified.”
There is also some evidence to suggest a connection between the popularity of agile methodology and the recession. Nonetheless, there remains a lack of understanding in the PM community about how exactly agile is benefitting / will benefit the practice. All mysteries aside, a string of success stories are helping to buoy project management. These successes are not isolated and involve complex and high-profile projects, giving the profession a bit of a facelift in the face of traditionally high failure rates.
And lastly, an expanding tide of software tools has carried the profession from a lonely island of Excel spreadsheets and Gantt charts to a vast continent of corporate-level enterprise systems to individual cloud-based applications and everything in between. The overall positive advancements signaled by the survey’s participants (even in the face of economic downturn) should be a welcome auger for project management during the second half of this decade.
Read the original article at: http://www.business2community.com/strategy/significant-impact-project-management-last-5-years-01207105