The need for rapid change under controlled situations dictates that the future demand for projects and the inherent management of those projects will drive the need for newer and better practices and techniques to prosecute the work. The mantra of ‘faster, cheaper, quicker’ will continue to be the driving force for many senior manager to achieve their business and strategic goals. Seeking and selection of less expensive human resources to achieve organizational objectives will also drive how projects are conceived and implemented either as international projects or as projects with foreign suppliers of components of projects.
Technology which plays a major role will continue to grow, to support the function of resource selection, resource allocation and resource tracking to reduce waste of effort for human resources assigned to projects. Its also play an important role in capturing information that relates to project risks and risk management.
Project portfolio management – the selection and management of projects as groups – will expand in use to make the best use of resources. Grouping of multiple projects will be a routine matter to obtain the most efficiency and effectiveness from human resources. In future, project will be smaller, but complex in their management. Complexity to managing projects will be inherent in the number of owners involved in the project and the geographic separation of components of the projects such as international projects spanning several borders. Trends which can affect the growth and application of project management in the future are:
a) Reengineering, rethinking and radical design application.
b) Concurrent engineering application.
c) Benchmarking initiatives to establish new performance standards for the enterprise.
d) Business development opportunities.
e) Improvements in managing operational and strategic change.
f) Influence of stakeholder.
g) The use of alternative team organizational design to cope with the need for integration.
h) Downsizing and restructuring of organization.
i) The relative roles of ‘manager’ and ‘leaders’ will continue to come under scrutiny and redefinition.
j) The role of traditional first level supervisors changing from a traditional to a facilitator, coach, mentor, counselor, coordinator and oversight person.
k) Global competition will drive the demand for project management services.
l) The maturation of a philosophy of strategic management is reflected in more proactive strategic planning and execution strategies.
The contribution of projects management has been modified to cope with management discipline. These modifications and their likely continuation include:
a) Acceptance of the “matrix” organizational as normal business process.
b) Acceptance of the importance of project planning as a means for determining the resources required and how these resources will be used during the life cycle of the project.
c) Opportunities for workers to perform managerial and leadership functions.
d) Individuals recognize that “self-control” is important to their productivity.
e) New applications for project management will continue to grow both for profit and not for profit.
f) Issues over scarce energy resources will create new demands for more efficiency in projects.
g) Experience and competency of management team will be the major criteria for selection of project team.
h) New products and services will be created at unprecedented rates, because of competitive factors emerging through relentless changes to the global marketplace.