The Latest Innovations in Project Management Tools- Jan 2023
Big Changes Coming to the PMT Arena
The project management arena is bubbling over with possibilities, with many exciting new trends being brought to the market. PMT, project management tools, encompass a variety of software options including marketing project management tools, advertising agency software, creative project management tools, resource management software, scrum tools, resource scheduling software, and project scheduling software, among others. The field of project management is being transformed by advances in digital technology. Legacy systems will no longer do the trick. Businesses are making the switch, and upgrading for the modern age.
It comes as no surprise that there is a really high adoption of SaaS platforms all over the world. However, project management software is much slower to take root. In 2018, CRMs were adopted by 74% of organizations, but only 22% of them had adopted project management solutions. It is surprising therefore that these organizations are using Spreadsheets as opposed to projecting management solutions.
According to Wellington.co.uk (2017), 43.3% of organizations use MS Excel, while less than 20% use any available software tools for managing their project resources. It is worth pointing out that 87% of employees anticipate the implementation of highly disruptive AI innovations in the workforce within the next 3 years, yet 78% of projects that have been undertaken have met their strategic objectives using old school tools and resources. The question then becomes: How to use modern-day technologies in project management?
Top Trends with Project Management Tools
Global IT Project Management Software conducted a detailed analysis of the project management industry around the world. The leading players in the project management arena include companies like Clubhouse, Bitrix, Logic Software, Trello, and Monday.com. The latter company routinely ranks at the top of the list as one of the most innovative project management solutions developers in the industry.
Monday.com is noted for its ability to efficiently manage and organize employee schedules. It is fully customizable and serves as a visual collaboration resource for transforming team management. Intuitive design elements, complete flexibility, and easy collaboration ensure that this project management tool can be seamlessly integrated with different platforms, replete with user-friendly dashboards.
Trello is making its rounds as one of the most powerful projects management tools. It is used for project management assignments with many new features being brought to markets such as Trello Teams, Map View, and Automation features. Anyone can create Teams in Trello and set up boards for easy collaboration. With 10 open boards available, users can opt for Business Class or Enterprise option with unlimited boards. By far the biggest innovation is Butler Automation with Trello. This features NL (natural language) commands with Set Rule Automation, Scheduled Commands, and Board/Card buttons.
The Project Management Technology Quotient (PMTQ) is a broad-spectrum tool that ensures that organization’s needs are met. Among the notable trends in the PMTQ arena are a focus on prioritizing the development of project management technical skills, and the provision of ongoing project management training. The innovators in this realm lead the laggards by a long margin. The current trend in the project management industry is an increased focus on the technical skills, business skills, human resource skills, and manager competency areas needed to successfully manage large-scale projects.
Modern-Day Trends Necessitate use of Powerful New PMTs
New technologies play a vital part in the process; most managers select some or other version of Waterfall, Scrum or Agile. However, the needs of the modern age call for more robust solutions capable of greater flexibility. The old-school methodologies, while useful, are limiting. Situational awareness tools and needs-based systems are now the norms. Agility is a common trend among new-age systems and project leaders. The key takeaway is that managers who steadfastly adhere to single-project methods will no longer achieve their pre-stated objectives.
The trend involves mastery of multiple project management methodologies to ensure the attainment of organizational goals. By the same token, the vast majority of the workforce is ready to take on freelancer-style work opportunities. These remote teams are an indelible component of the workplace and a disruptive force in the world. HR software must be able to manage these remote teams effectively, and thanks to new-age solutions like Monday.com, freelancers can be managed anywhere in the world, across multiple different time zones, as effortlessly as possible.
These are but a few of the latest trends taking root in the modern-day workforce. Project management tools are continually adapting to deliver powerful new solutions with user-friendly interfaces, flexible applications, and the ability to efficiently manage remote teams.