Project ManagementRisk Management

The Future of Project Management with The IoT

Project managers in a whole range of sectors continue to delight in the IoT’s capacity for increasing the connectivity of systems, and in turn, the efficiency of processes. In keeping with this trend, Parth Mavani, in this article in ProjectTimes.com, takes a look at how the Internet of Things will shape the future of project management.

  1. Lesser Workload: IoT enabled devices are slated to reduce the workload of project managers – especially where gathering and organizing data is concerned. Now, instead of spending valuable time (sometimes days and even weeks) compiling data, systems connected via the IoT will provide steady updates from devices they are supposed to keep track of.
  2. All-Encompassing View in Real-Time: When the IoT is combined with other tech, it can enable project managers to coordinate the various phases of the project. As such, it affords managers greater visibility into specific elements in each phase, and increases foresight. Besides this, it gives managers the ability to detect problem areas and glitches early on.
  3. More Accessible and Actionable Data: Since the IoT enables faster data collection, it makes projects truly agile. In addition, the system is also equipped to provide a steady stream of relevant updates from the relevant system to the appropriate team members. What’s more, the trends are made visible accordingly, and the data is immediately actionable. As such, this negates the need to wait for a phase to be completed before insights are gleaned, and therefore, timely action can be taken.
  4. Seamless Execution: As the IoT allows seamless and quick connections between systems, this in turn enables faster and more accurate project execution. In addition, it also improves the speed and quality of communication between team members, stakeholders and the manager – this affords better monitoring, collaboration and control.
  5. Evolution of The PM’s Role: Since IoT sensors are always active, the PM’s role shifts to preparing long-term plans for monitoring and management of the project elements. Besides this, the PM will need to focus on the security of the IoT devices.

Conclusion

The applications of the IoT is almost endless, and it is here to stay. Given this, PMs across all relevant segments should re-examine their roles as well as the changing dynamics, as the IoT becomes more commonplace.

Click on the following link to view the original article in full: https://www.projecttimes.com/articles/the-internet-of-things-and-the-future-of-project-management.html

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