I recently stumbled upon an interesting article on PM Hut that identifies and describes the top 10 project management trends of 2012, as determined by ESI International senior executives and subject matter experts. At EPM Live, we strive to keep our products and services ahead of the curve, and in alignment with industry best practices and standards. It was with great delight, though without surprise, to see that EPM Live’s products are right in tune with many of the top 10 trends for this year.
As said by ESI International, “custom-made project approaches, innovative project tools and smarter resource management will be essential for driving the greatest business impact.” Yes, we agree!
1. Program management will gain momentum, but resources remain in short supply
With EPM Live tools, you can effectively plan resources from initial high-level role based planning down to detailed work item assignments, and ensure that the right resources are appointed. When resource scarcity is an issue, plan and assign resources accurately to maximize their availability without over-allocating them to too much work. Maximize resource allocation by ensuring the right resources are assigned to the right work at the right time. Some of these tools include our Resource Planner and Analyzer, Resource availability reports, what-if-modeling for resource assignments, and more! Click here to read more about resource management available with EPM Live. To view PortfolioEngine Resource Management capabilities click here.
2. Collaboration software solutions will become an essential business tool for project teams
“Collaboration is central to project management and having a site which allows project artifacts to be created, shared, and distributed within a repository that provides Web-based access and critical functions such as automatic distribution and notification, version control, and user authentication, greatly enhances productivity.”
EPM Live offers many ways for project teams to easily collaborate with one another and communicate efficiently. The EPM Live solutions are built on SharePoint, so we’re able to start with all the well-known collaboration capabilities, and then add EPM Live’s collaborative tools. Share knowledge and better collaborate with your work teams to increase productivity and efficiency through various modes of communication. Some of these examples include comments threads on work items, workspaces for teams to focus on project-specific collaboration, easy statusing of work items, flexible alerts and notifications, and much more! Click here to see many of the collaboration tools available from EPM Live.
3. Learning transfer will become the new mantra, but with little structured application
4. Agile blends with waterfall for a new “hybrid” approach
EPM Live offers pre-built templates that allow teams to manage projects using a variety of methodologies. This includes Agile & Waterfall joined as a hybrid approach, as well as the same solutions independently.
We have a related blog on this topic. Click here to read more about Waterfall plus Agile as hybrid planning with EPM Live. To see some of the work template offered with EPM Live’s WorkEngine, click here.
5. Smarter project investments will require a stronger marriage between project management and business process management (BPM)
“The more impact the project has on reducing internal costs, the higher it will be ranked. The “smart” money will be spent on driving costs out of the business.”
With EPM Live, organizations gain visibility across the portfolio, and can utilize tools to ensure the right projects are selected and managed, in accordance with important business-wide drivers and priority scoring. Capture and determine the right mix and sequencing of proposed projects and ideas to best achieve the organization’s overall goals. View various reports to evaluate which projects bring the most value to the business. Click here to read an EPM Live white paper about successful portfolio planning.
6. Internal certifications in corporations and federal agencies will eclipse the PMP®
7. More PMO heads will measure effectiveness on business results
“To judge business effectiveness, PMO heads need to determine if their work has had a positive, quantifiable effect on the business in terms of troubled project reduction, lower project manager attrition, and faster time to market. In 2012 the practice of measuring the outputs, not the inputs, of project management will gain traction.”
Reporting is essential to see not only how the business is doing with regards to their active portfolio of projects and work, but also to see how successfully they closed out completed projects, for metrics & future improvement. EPM Live has many out of box reports available, and the capabilities to modify existing and build new custom reports. Click here for more info about reporting & business intelligence from EPM Live.
8. Good project managers will buck unemployment trends
9. Client-centric project management will outpace the “triple constraint”
“The new definition of project success is that a project can exceed its time and cost estimates so long as the client determines that it is successful by whatever criteria they use. In today’s environment, project value is determined by the “recipient”—or client—not the “provider.””
EPM Live offers flexible & configurable project success criteria and business drivers. This allows your organization to determine how you will grade your projects and requests, objectively scoring them in accordance with those business drivers. This can also be done in terms of determining the final success of an active or closed project. Take those same capabilities of the project selection scoring, and incorporate them as objectively scoring the success of the projects. Click here for more about the portfolio management capabilities available from EPM Live.
10. HR professionals will seek assessments to identify high-potential project managers
Note: All quotes are from the PM Hut article. To view the full article posted by ESI International on the PM Hut site, click here.