The future of project management: Trends and technologies to watch

Artificial intelligence (AI) is no longer a futuristic concept — it’s transforming project management right now.

According to the 2023 PMI Annual Global Survey on Project Management, 21% of project managers are already leveraging AI frequently, and a whopping 82% of senior leaders expect AI to revolutionize their projects in the next five years. The game-changer? Generative AI, like OpenAI’s ChatGPT, which has turbocharged AI’s impact since its release in November 2022.

A project manager’s new best friend

AI is revolutionizing project management in three exciting ways:

1. Automation: AI can automate mundane tasks like generating reports, analyzing data and summarizing meeting notes. This means more time for you to focus on the big picture.

2. Assistance: AI tools can draft complex documents, from cost-benefit analyses to risk assessments. These drafts provide a solid starting point, allowing you to fine-tune and finalize quicker than ever before.

3. Augmentation: By augmenting your capabilities, AI can provide valuable insights and recommendations, helping you make smarter decisions and craft compelling business cases.

To stay ahead of the curve, project managers need to evolve. The PMI Talent Triangle highlights what you’ll need to do:

1. Get fluent in various methodologies like Agile and design thinking. Use AI to enhance project planning, time and cost management, and risk assessment. Embrace the flexibility AI brings to your workflow.

2. Hone your strategic thinking, collaborative leadership and communication. AI can support these skills by offering data-driven insights, making collaboration more efficient and speeding up problem-solving.

3. Understand how AI aligns with your organization’s goals. Use AI tools to gain insights into business risks and opportunities, enabling you to make better-informed decisions and drive your projects to success.

Embrace the future — now!

AI isn’t just a tool; it’s a partner in your project management journey. By embracing it, you can boost your productivity, efficiency and innovation. The future of project management is bright, and those who adapt will lead the way.

Are you ready to embrace the future of project management? The time to act is now. 

Learn about AI, enhance your skills and watch your projects succeed with Luxoft Training Center courses. Explore more here

Author:

Kseniya Kultysheva

Project and People Management Trainer