European Project Management Trends
The term project management is a relatively new one, however humanity has taken on large scale projects throughout history, from the pyramids to the great wall of China. The great wall of China was built in 208 BC, but there are records that show that planning for the wall went back even further. Planning for large scale projects can be the most important part of a new development. Moving on to modern times there are a variety of project management methods from the Gant timeline to Scrum to the modern standards outlined by The International Organization for Standardization.
Emerging project management trends show that technology is doing its part in improving the area. For example, new project managers are using bid data and analytics to stay on top of an otherwise grueling schedule. This trend is right on time as according to the Project Management Institute, for every billion dollars spent on projects in the US, European corporations will waste an average of €124.4 million. This is a level of waste which is far greater than the global average for spend on projects. The world is altering quickly. A vast range of trends and trials have an influence on the future of project management. Innovation, creativity and the ability to adapt to emerging technologies are key to staying ahead.
A key area in European project management is globalization and virtual teams. Improvements in communication technologies have made it possible for international businesses to rely more on virtual teams and remote workers. Traditional team structures based in one place, to deliver their projects are not as effective in Europe. A project might be planned in Spain, approved in Germany and implemented in Italy.
Diversity in the workplace is more widely available to organizations. Shifting demographics along with global connectivity introduce people of all ages, cultures and skills to work together. Language barriers can be easily overcome with an APP and a positive attitude. International organizations reflect the need for staff to work in the European company of their choice. Free movement between EU member States and the rise of the virtual worker means there is no shortage of quality talented staff for project management, from Portugal to Poland.
According to the European Commission, there are over 30 priority projects currently in progress at the planning phase or early implementation. These projects have been proposed by the relevant EU member states and are in development as projects of European interest. One such project is the railway axis from Berlin to Palermo, crossing the Alps. In an interview at the European Business Summit the CEO of the Project management Institute spoke about the importance of people for project management.
“The focus on people is also critical, and this is another common theme which emerged after the global financial crisis, during which, in marked contrast to the approach taken in previous recessions, many organizations tried to retain their top talent so that they didn’t have to go back and rebuild that workforce afterwards. This is certainly a reason for optimism moving forwards.”
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