Project Management Evolution: Tech’s Game-Changing Role

According to an article in the Harvard Business Review, $48 trillion is spent annually on various projects. Still, a grim reality remains: only 35 percent of them succeed, draining vast resources. Pioneering Research calls for urgent project management modernization and cites outdated tools as a significant challenge.
Experts point to the potential of technology and artificial intelligence, focusing on six critical areas for fundamental transformation:

  • Selection and prioritization
  • Project Management Offices (PMOs)
  • Simple processes
  • Virtual project assistants
  • Advanced test systems
  • Complex data processing

The rise of automation will drive future managers to soft skills, leadership, and adaptability in interacting with teams of humans and robots. Gartner predicts that by 2030, 80% of AI-based tasks will be game-changing by leveraging big data – just a 25% improvement could bring trillions.
This impending change requires rapid investment in technology. Organizations are integrating AI into training and empowering managers for this evolving landscape. The revolution looms and promises unprecedented rewards for those who embrace the change.
You can access the full Harvard Business Review article through link bellow.

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