Project management: basics and current trends

Adaptation of management methods to each individual project

Technology development and process modernization have affected all aspects of users' lives and the work of companies.

Modern business has a lot to do with technology: it is constantly evolving. Tools that no one knew about 10 years ago are now helping thousands of companies achieve their goals and make high profits. Coordinates the use of such tools profile specialist – project manager.

Project management: basics

Project Manager is a senior manager who is responsible for all project-related processes. In particular, he sets priorities, plans and distributes tasks in the team, and so on.
Because project management involves in-depth analysis of the situation, the specialist must have sufficient experience to predict the results and predict further steps. A highly qualified specialist is able to lead the case to success.

Project Management is a tool that allows companies to succeed. Unlike conventional management, which for the most part simply controls the implementation of economic activities, project management aims at the best result in the shortest possible time. This method of management allows companies to create effective strategies for development and profit growth even in the most difficult situations.

Given the importance of project management, it is not surprising that it has evolved from a tool to a science. There are international standards of Project Management: these are a kind of guides to project management. They contain a set of all processes, their descriptions and explanations of terminology.
One of the most popular is PMBOK (A Guide to the Project Management Body of Knowledge). This guide is widely used in more than 160 countries.

PMBOK, like other standards, provides for the division of all project participants into roles:



The executor of this role can change priorities in the process of work, monitors the compliance of the project with the tasks and approves the results.



The executor of this role finances the process, agrees on the timing and budget of the project.


Project manager

The executor of this role ensures that all project requirements are met. It is the manager who distributes responsibilities in the team and monitors the performance of work.


Coordinated work of all performers eventually leads to certain results. And to achieve the best in the shortest possible time, project management is needed.

The effectiveness of Project Management largely depends on the experience and skills of the project manager.
General requirements for the specialist:


Ability to create strategies

The specialist has a strategic mind and the ability to plan the next steps.


Experience in project management

This requirement is one of the most important, because it depends on the efficiency of the specialist and the results that can be expected by the customer company.



In the field of management, competence is the most important aspect of success. A good project manager must not only be able to manage, but also understand how to set up all the processes to achieve the desired results.

A specialist who has all these skills and has a sufficient number of cases behind him, is able to lead the project to success.

Trends and trends in project management

As in any rapidly evolving field, project management is changing rapidly. Given that this method of management has been actively used recently, its effectiveness impresses many professionals.

Due to the development of project management in the industry, certain trends have emerged:


Adaptation of management methods to each individual project

Prior to the advent of project management, it was believed that the best management method was to create universal instructions relevant to most projects. Due to the uniformity of management methods, hundreds of promising business projects have not reached their goal, and their leaders still can not understand the reasons for the collapse.

One of the main trends in modern project management is flexibility and adaptability to specific tasks and situations. Yes, Project Manager does not use ready-made instructions, but adjusts the work of the team and all processes according to the situation. Thus, the specialist has a flexible tool to work on the project, which significantly increases the chances of success and virtually eliminates failure.


Development of coaching and constant exchange of experience

Unlike managers of the past, modern Project Managers do not accept rigid frameworks and instructions. Specialists can constantly adapt the tools available to them to specific projects and gain experience.

Interaction between project managers always brings a positive result, as professionals can share their views and methods of work that have been used in different situations. Eventually, the level of professionalism of all project management representatives increases, and the efficiency of their work increases.

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