I recently read an interesting article that provides solid insight for project managers and IT project service companies. I have summarized the main points of this article and share my perspective on how to react.
The 3rd annual PM Network Trends Report looks at the shifting landscape and outlines the five big business trends every project manager needs to deal with - or face the consequences.
5 Trends in Project Management
- Hyper Efficiency - project managers must try to eliminate all unnecessary waste from projects
- Total Transparency - sharing project information breeds loyalty, streamlines project progress and improves the end result
- Power Alliances - the right partner can reduce risk and improve delivery time, but the wrong one can lead to project failure
- Big Job Cuts - the bleak economy is causing many companies to put projects on hold, and project managers have become prime candidates for layoffs. There are fewer jobs for PMs, but experience will put come ahead of the curve
- Ultra-Nearsourcing - companies are keeping their projects closer to home to keep costs lower, however it is not for every project (Gale, 2009).
This article brings up some interesting and important concepts. For consulting companies that are in the project space these concepts should be considered a strong influence for the marketing, sales, and delivery of solutions. Agile delivery concepts could be the answer to satisfying market demand (or lack there of).
Consulting firms selling IT project services should consider the following:
From a marketing perspective consulting firms should promote Agile related services. This might include delivering a project using the Agile methodology or positioning the PMO to leverage Agile within the organization.
From a sales perspective Agile principles could demonstrate a “leaner means of execution” thus cost justifying a more affordable delivery for clients.
As for the execution of IT projects, PMs should consider leveraging Agile as a delivery methodology. Conducting a methodology adoption session will provide insight on how Agile will be accepted. This will allow the PM to determine the degree to which Agile will be leveraged. A popular trend has been leveraging an Iterative Waterfall methodology, which is a hybrid between Waterfall and Agile.
-Peter Klassen
References
Gale, Sarah (2009).5 Big Trends. PM Network. 23, 36-42.