The Rise of Digital Project Management

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,