The Rise of Digital Project Management

BLOGTEAM

February 20, 2021

With the beginning of a new calendar year, digital project managers everywhere are thinking about what new opportunities will come their way. The world of digital project management is a challenging one. Project managers juggle a seemingly endless set of tasks like planning, communicating, collaborating and ultimately creating. These project managers are the heart of digital project management. Project managers find innovative ways to improve the use of technologies, advanced project methodologies and digital technologies to ensure project success. Project managers are becoming valuable assets for IT and product development organizations. To that end, the below-added infographic explains the scope and scale of digital project management.

Introduction

Digital project management is all about getting things done digitally. It is organizing and executing the digital projects by bringing together companies, stakeholders, marketers, sales representatives, developers and other staff to work together. The future of digital project management is here. Artificial Intelligence (AI), Machine Learning (ML), automation and data analytics are the new-age tools of project managers..

Here are the main highlights and trends noticed for the year,

  • Automation is letting project managers provide more value
  • Better decision-making through Artificial Intelligence
  • Availability of bigger and better data

Automation provides opportunities to save money, time, get things done faster and add more value to the projects. According to a census for Digital Project Managers (DPM) by Deloitte in 2019,

  • 41% of organizations are using automation in a multi-functional capacity
  • Technology market is going up at 20% per year
  • 47% of organizations are supplementing daily tasks and increasing team members’ productivity
  • 62% of organizations believe that automation will have moderate to high significance in future projects

It will allow project managers to,

  • Plan projects
  • Create in-depth status reports
  • Creatively strategize for project completion

Experts estimate that intelligent automation may play an integral role in project management and completion.

Artificial Intelligence (AI) involves computers to make decisions and understand logics. The data from the ‘Purchasing Managers Index (PMI) report on Innovators: Cracking the code on Project Performance’ illustrates,

  • 37% of organizations have been affected by knowledge-based AI
  • 31% have been affected by ML
  • 29% have been affected by decision management AI
  • 37% are prioritizing AI adoption within their organization
  • Use of AI has increased to the tune of 270% from the past four years
  • 92% of B2B buying decision have been influenced
  • 83% of marketers are investigating consumer trends and preferences on social media
  • 57% are adapting SEO principles for lead generation

Access to big data and the ability to interpret it can help project managers communicate project status and plan upcoming budgets and timelines.

  • 85% of organizations are planning to increase their usage of analytics and big data
  • Big data plays a critical role in making data-driven decisions
  • It allows project managers to visualize and gain insights
  • It shows the trends and patterns for future predictions
  • It builds new risk management and risk strategies

The digital workplace is changing project management in real-time by,

  • Increased digital teams platforms to manage projects
  • Improved agility
  • Betterproject success rates

Top Traits of a Successful Digital Project Manager

  • Strong communication skills
  • Team leadership
  • Attention to details
  • Diverse skill set
  • Collaboration and ownership

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Source:-https://thedigitalprojectmanager.com/state-of-digital-project-management-2020/

Source:-https://www.trustradius.com/buyer-blog/rise-of-digital-project-management

Source:-https://www.simplilearn.com/2019-is-the-year-of-the-digital-project-manager-article

Source:-https://p4digitalblog.wordpress.com/2014/10/30/digital-project-manager-infographic/

Source:-https://www.cmswire.com/digital-workplace/how-the-digital-workplace-is-changing-project-management-and-execution/