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Project Management: What’s Trending in 2021

Project management is the practice that is used to initiate, design, execute, control, and close a team's work in order to reach specific objectives and fulfil specific success criteria at the specified time. The main challenge of project management is to achieve all project objectives within the given limits.A decade ago, managing projects was difficult and challenging. It was difficult to set clear goals with less project management tools and projects were being managed by smaller teams with simpler projects.Fast forwarding to 2020, the scenario is completely different as Project Management seems like a phoenix rising from the ashes. The teams are no longer small, nor are the tasks, and the goals are defined with a proper system.The project management industry is quickly evolving, keeping pace with advanced technologies, tools, and the latest trends.Today, we will discuss the top 5 Project Management global trends in 2020.1. Artificial Intelligence (AI) & Automation Will Impact ProjectsArtificial Intelligence has had a very positive impact on projects. According to a PMI report, software development, aerospace, healthcare and financing all implement Artificial Intelligence in their way of managing projects.The first thing project managers need to do is take AI into account in project management and then learn how to utilize it for successfully completing projects.Using AI in automating data will make it easier to handle projects than before. Moreover, you can form positive business relationships with your team members and clients, resulting in proper coordination and transparency.It’s quite common to witness poor estimates and unknown external factors pushing the deadline. Artificial intelligence can calculate the duration, cost and progress of a project properly and predict realistic project schedules.2. More Project Managers Will Incorporate Hybrid Project ManagementEvery project is created differently and differs in methodology and execution. No wonder the concept of hybrid project management is becoming increasingly popular and with every passing day, many Project managers and Scrum masters are combining more than one methodology.According to PMI reports, Hybrid project management aims to combine standard project management techniques with the agile methodology.When the hybrid model, such as combining a traditional approach is implemented with an Agile process, team members from different points of view and work styles will collaborate and achieve more flexibility, dedication, and productivity in their own way.Project managers are inclining to this flexible approach of projects in the current year. A combination of agile and traditional methodologies is best suited in a multi-project environment, where complex parts are executed using agile, and a traditional method is used for the simpler parts.3. Managing Projects Will Become Easier with Emotional Intelligence (EI)It seems strange, but project success is related to humans understanding and realizing emotions. How? According to PMI.org emotional intelligence can strongly predict performance no matter what job you do. It allows clients, team members, sponsors and management to interact with each other with clarity, handle challenges efficiently and make committed choices to act strategically and swiftly. EI is now an essential technology for a successful business outcome.Understanding the emotions of the team members and dealing with different personalities ensures that the project keeps progressing at a smooth and constant pace. This is an invaluable leadership ability for project managers around the world.Therefore, it becomes more important than ever to learn about emotional intelligence and what drives people to predict future project success.4. Remote Working is on the RiseThe trend of working remotely is now extremely common and this will go on in future too. There are a lot of advantages when people work remotely. It offers more flexibility and saves a lot of time as you don’t need to travel to your workplace. The costs to the project and company get further reduced leading to the development of talent. According to the results of a survey by Wrike, 83% of respondents work remotely every day for at least one to two hours. 43% of them reported that they work remotely now, more than they did a couple of years ago.When working remotely, projects will be managed by:Setting up daily, stand-up meetings and calls to stay updated on the progressHaving your team members keep you updated on any project changes or updatesUsing online collaboration tools such as Microsoft Planner to collaborate with team members and never miss out on any changes or updatesDoing quarterly individual assessments in a yearThe future of project management will witness a steep rise in next-gen project managers, project management offices, and more focus stepping up cybersecurity. Project managers should pay attention to these trends to successfully lead their teams.5. More Jobs Will be Available for Project ManagersProject managers are involved in every possible industry. According to ‘The Project Management Institute (PMI) report’ last year, the project management labour force is predicted to grow by 33 percent in over 11 countries by 2027. There will be a wide range of jobs for project management and these are estimated to grow over the next 10 years. Some of them are in industries like: Management and Professional ServicesManufacturingFinance and InsuranceInformation Services and PublishingConstructionUtilitiesOil and GasBy 2027, nearly 88 million professionals will be required in project management-oriented roles. The first in the race to hiring are China and India forming more than 75 percent of the total project management-oriented employment.The report further stresses that project managers are key in delivering successful projects and products. Acting otherwise can potentially create loss of nearly US$208 billion in GDP over the 10 years in the 11 countries examined.With the new trends of 2020, project management will be playing a major role in fastening product development with its new technologies, and in turn, increasing workflow efficiency. Owing to its exponential growth, multiple job opportunities will be created and staying on top of the latest trends will give one the leverage to make the most of such changes.

Project Management: What’s Trending in 2021

9K
Project Management: What’s Trending in 2021

Project management is the practice that is used to initiate, design, execute, control, and close a team's work in order to reach specific objectives and fulfil specific success criteria at the specified time. The main challenge of project management is to achieve all project objectives within the given limits.

A decade ago, managing projects was difficult and challenging. It was difficult to set clear goals with less project management tools and projects were being managed by smaller teams with simpler projects.

Fast forwarding to 2020, the scenario is completely different as Project Management seems like a phoenix rising from the ashes. The teams are no longer small, nor are the tasks, and the goals are defined with a proper system.

The project management industry is quickly evolving, keeping pace with advanced technologies, tools, and the latest trends.

Today, we will discuss the top 5 Project Management global trends in 2020.

1. Artificial Intelligence (AI) & Automation Will Impact Projects

Artificial Intelligence has had a very positive impact on projects. According to a PMI report, software development, aerospace, healthcare and financing all implement Artificial Intelligence in their way of managing projects.

The first thing project managers need to do is take AI into account in project management and then learn how to utilize it for successfully completing projects.

Using AI in automating data will make it easier to handle projects than before. Moreover, you can form positive business relationships with your team members and clients, resulting in proper coordination and transparency.

It’s quite common to witness poor estimates and unknown external factors pushing the deadline. Artificial intelligence can calculate the duration, cost and progress of a project properly and predict realistic project schedules.

2. More Project Managers Will Incorporate Hybrid Project Management

Every project is created differently and differs in methodology and execution. No wonder the concept of hybrid project management is becoming increasingly popular and with every passing day, many Project managers and Scrum masters are combining more than one methodology.

According to PMI reports, Hybrid project management aims to combine standard project management techniques with the agile methodology.

When the hybrid model, such as combining a traditional approach is implemented with an Agile process, team members from different points of view and work styles will collaborate and achieve more flexibility, dedication, and productivity in their own way.

Project managers are inclining to this flexible approach of projects in the current year. A combination of agile and traditional methodologies is best suited in a multi-project environment, where complex parts are executed using agile, and a traditional method is used for the simpler parts.

3. Managing Projects Will Become Easier with Emotional Intelligence (EI)

It seems strange, but project success is related to humans understanding and realizing emotions. How? According to PMI.org emotional intelligence can strongly predict performance no matter what job you do. It allows clients, team members, sponsors and management to interact with each other with clarity, handle challenges efficiently and make committed choices to act strategically and swiftly. EI is now an essential technology for a successful business outcome.

Understanding the emotions of the team members and dealing with different personalities ensures that the project keeps progressing at a smooth and constant pace. This is an invaluable leadership ability for project managers around the world.

Therefore, it becomes more important than ever to learn about emotional intelligence and what drives people to predict future project success.

4. Remote Working is on the Rise

The trend of working remotely is now extremely common and this will go on in future too. There are a lot of advantages when people work remotely. It offers more flexibility and saves a lot of time as you don’t need to travel to your workplace. The costs to the project and company get further reduced leading to the development of talent. According to the results of a survey by Wrike, 83% of respondents work remotely every day for at least one to two hours. 43% of them reported that they work remotely now, more than they did a couple of years ago.

When working remotely, projects will be managed by:

  • Setting up daily, stand-up meetings and calls to stay updated on the progress
  • Having your team members keep you updated on any project changes or updates
  • Using online collaboration tools such as Microsoft Planner to collaborate with team members and never miss out on any changes or updates
  • Doing quarterly individual assessments in a year

The future of project management will witness a steep rise in next-gen project managers, project management offices, and more focus stepping up cybersecurity. Project managers should pay attention to these trends to successfully lead their teams.

5. More Jobs Will be Available for Project Managers

Project managers are involved in every possible industry. According to ‘The Project Management Institute (PMI) report’ last year, the project management labour force is predicted to grow by 33 percent in over 11 countries by 2027. There will be a wide range of jobs for project management and these are estimated to grow over the next 10 years. Some of them are in industries like: 

  • Management and Professional Services
  • Manufacturing
  • Finance and Insurance
  • Information Services and Publishing
  • Construction
  • Utilities
  • Oil and Gas

By 2027, nearly 88 million professionals will be required in project management-oriented roles. The first in the race to hiring are China and India forming more than 75 percent of the total project management-oriented employment.

The report further stresses that project managers are key in delivering successful projects and products. Acting otherwise can potentially create loss of nearly US$208 billion in GDP over the 10 years in the 11 countries examined.

With the new trends of 2020, project management will be playing a major role in fastening product development with its new technologies, and in turn, increasing workflow efficiency. Owing to its exponential growth, multiple job opportunities will be created and staying on top of the latest trends will give one the leverage to make the most of such changes.

KnowledgeHut

KnowledgeHut

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KnowledgeHut is an outcome-focused global ed-tech company. We help organizations and professionals unlock excellence through skills development. We offer training solutions under the people and process, data science, full-stack development, cybersecurity, future technologies and digital transformation verticals.
Website : https://www.knowledgehut.com

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You are now a PRINCE2 Practitioner certified professional. Exam Details: Duration - 150 minutes (2.5 hrs)  Questions – 68 Objective type questions  Pass mark – 38 out of 68 available, or 55%  Use of textbook - Yes (only the official PRINCE2® manual permitted ) The Practitioner exam will now test candidates on all parts of the PRINCE2 method (Principles, Themes and Processes). The Practitioner exam tests the candidates’ ability at application and analysis level.  Tips & Tricks to pass the PRINCE2 Practitioner exam Make sure to get the Foundational concepts of PRINCE2 right, before taking up the Practitioner exam.  Read through the PRINCE2 Manual at least once before the exam.  Practice two sample question papers given by the governing body. Validate the answers with the answer rationales. Please visit: to download the sample papersPractice the sample papers along with other learners (in groups) if possible.  Though PRINCE2 Manual can be used for the Practitioner exam, use it scarcely. This will save a lot of time during the exam.  Time each question to two minutes or less. This will provide some free time to revalidate the answers at the end.  During the exam, imagine yourself to be a part of the project scenario.  No assumptions to be made while answering any questions. Just stick to the project scenario.   Leave aside practical experiences during the exam. Stick to PRINCE2 ways of managing projects.  Read each question thoroughly (at least twice) before answering the questions.  Seek help and advice from your trainer/facilitator/coach to get the concepts correct during the training or before the examination.Sample Papers example found on Axelos:    An examinee will be provided with a Scenario booklet and Question booklet for this examination. A hypothetical project scenario will span about two pages. 68 questions revolve around the scenario and tests the ability of the exam taker on the PRINCE2 concepts of Principles, Themes, Processes and Tailoring. Question Composition:   First 8 questions are based on Principles.  Next 35 questions will be based on Themes. Five questions will be asked from each Theme.   Remaining 25 questions will revolve around Processes.   Tailoring questions are infused across the above mentioned three categories.  Question Format:   Broadly, two types of question formats appear in a Practitioner paper. First one is an MCQ based question and answer and the second one is Match the following.  MCQ format: Match the following format:Exam Approach  As a first step during the exam, it is recommended to spend 3 to 5 minutes to read the first page of the scenario booklet and get the gist. Make a summary of the scenario.   This summary can include scope of the project, project exclusions, time, cost, tolerances, stakeholder information, number of stages etc. This will increase the probability of choosing the right answers.   Additional information provided in the scenario can be read later when required to save time.  In the question booklet, the heading of the topic under which the question is asked will be clearly mentioned. This makes the examinee’s work super easy.   ‘Match the following’ questions will have three questions but six answers. One should carefully examine and choose the right answer.  In the ‘MCQ based’ questions, every question starts with a small scenario based on the main scenario. Reading and understanding this will improve the accuracy in answering.    Some questions will denote that the exam taker must read the additional information before answering the question. In such cases, refer to the additional information section of the scenario booklet before proceeding to answer.    Maintaining the PRINCE2 Certifications PRINCE2 Foundation certification has lifetime validity and doesn’t require renewal.  Practitioner certification has 3 years validity and has to be renewed at the end of 3 years. Here are some tips on maintaining the credential: Axelos maintains a “Successful Candidates Register” (SCR). Peoplecert updates the SCR from time on time. Within 30 to 60 days after receiving Practitioner certificate, a candidate will be notified through an email to avail one year of free subscription from Axelos.   Once free subscription is activated, you will be eligible to clock 20 Continuing Professional Development (CPD) units. This is very similar to PMI’s Professional Development Units (PDUs).   CPDs can be logged broadly under four categories such as Professional Experience, Training and Qualification, Community Participation and Self-Study. This can be attained by attending any trainings, delivering trainings, by taking part in volunteering activities, by learning new content from any portals like Coursera, LinkedIn learning, Udemy etc., taking part in project activities, attending any seminars/webinars or by accessing white papers, case studies or videos on the Axelos website.  Once 20 CPDs are logged, one can claim the digital badge. The digital badge is a way to display one’s professional credentials. The digital badge is valid only for one year.   To renew the digital badge, £50 + VAT needs to be paid to Axelos. This will reset the CPD counter to Zero. This enables the practitioner to log 20 CPDs and claim the digital badge. This cycle can continue.   Successful candidates can avail the free subscription and clock 20 CPDs. For example, if your practitioner certification expires by 10th March 2023, claim your digital badge on 9th March 2023. This will enable you to retain your certification through Mar 2024. After that you can pay the subscription charges and continue to maintain your credentials.  If you don’t want to get into the subscription model, you can resit for another exam after 3 years.  For more details about subscription, CPD & digital badge, please visit  
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