Project Management briefly defined is the process and activity of planning, organizing, motivating, and controlling resources, procedures and protocols to achieve specific goals in scientific or daily problems. A project has defined goals, milestones and a start and finish date and this is reason most companies in this day and age, especially in the private sector, use Project Management principles to run their operations as it ensure things get done in the most efficient way possible.
Projects are often divided into phases depending on the scope of the project which is defined in the project charter. The project charter is the statement of the scope, objectives, and participants in a project. It provides preliminary delineation of roles and responsibilities, outlines the project objectives, identifies the main stakeholders, and defines the authority of the project manager. It serves as a reference of authority for the future of the project. The terms of reference are usually part of the project charter. This strategy is very effective as it helps keep work on a budget and there is a clear line of reporting and authority, which is why it is important to ensure that the project deliverables are detailed from the beginning.
In the next decade, subject matter experts predict that almost 75% of companies will be projectised so it is very important to align yourself with future development. It is predicted that all heads of a company will have to have had some project management experience, whether it be a qualification or by participation in projects.
Research of over 750 organizations worldwide, From Crisis To Control: A New Era in Strategic Project Management, has provided some key insights into the future of project management. Here are some of the trends we have noted from the findings of our research:
- More organizations will implement a strategy and culture initiative to ensure success with projects.
- Organizations will start to recognize that Quality Management is part of successful project management.
- Project Management Offices will become outdated.
- The role of the project manager as a unique position will die.
- Performance management systems will incorporate the management of projects as part of a total job performance measurement.
- Organizations will seek out training that combines both quality and project knowledge-based learning.
- Project and quality principles will be infused into everyone’s roles within an organization.
Organizations that do not follow best practices are at a competitive disadvantage to those who apply a structured process to each project. Newer approaches to training, development and consulting must consider these newer approaches to the overall management of the change initiative. A quality-based approach to the management of projects gives corporations the ability to successfully execute projects time after time. This requires the careful management of the organization’s project and quality cultures. The future looks bright for those organizations that are prepared to pay attention to these trends.
By Edgar Nqato
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