3 Best Practices for Project Managers in the 21st Century

While the ground seems to be constantly shifting for project managers, the fundamental practices remain somewhat the same. The basic knowledge, principles, and practices relating to project management will remain applicable at all times. However, the basic premise of project management must be adjusted according to the demands of the present time. 

In this article, we will look at three best practices for project managers that can help them in achieving quality project deliverables in the present landscape.

1. Search for Technological Solutions

You must be ready to talk to vendors about technological solutions to project management. Make sure that you select a work management software that fulfills the needs of your project. You should go for online project management software as it allows more enhanced collaboration between the project managers.  The online work management software allows people located in the remote collection to work collaboratively. 

Using the online team management software can help in managing employees located in different locations. Also, it makes flexible work practices possible that has shown to result in increased productivity and ultimately revenues for the company. 

2. Find Out the Business Value

When carrying out the project tasks, the main goal should be to identify what will provide the greatest value for the business users. It is important to find out how the investment (or expenses) will offer value to the client. The corporate customers will likely be interested in the ROI that represents the gain for them from the end project. In this respect, a project manager acts more like a financial analyst. While this task can also be delegated to a finance professional, a project manager will benefit from carrying out a cost-benefit analysis as it will help in prioritizing the allocation of resources to different tasks.

3. Regular Reporting of Project Status

A project manager should review project status report on a regular basis. The project report can help in communicating the progress of the project to the stakeholders. Regular reporting of the project deliverables will ensure that issues don’t arise due to not being on the same wavelength regarding the project. Make sure that the report consists of graphs and charts that make the information easily digestible.  Also, the status of the tasks should be highlighted using red, yellow, and green colors. The easier you make for the readers to understand the report, the less are the chances of an issue arising due to miscommunication. 

Project management in today’s context is challenging. It requires a lot of effort and time.  A project manager should remain abreast of the latest practices and knowledge relating to project management. Also, the old project management practices must be adjusted to bring them in line with current practices.