PM Trends for 2017
I love looking at what organizations predict what the new business trends will be. It is actually something I view to be critical to sustain and grow our project management services company, PM Solutions. I just read a white paper that Daptiv published, which was really pretty insightful. Daptiv listed the top 10 trends for 2017. My interest is in particular to how these trends affect PMOs…and project management professionals, in general. But I’ll list them all and will be anxious to hear your thoughts on these predictions!
- The Employee obsession is the new Customer Obsession. Millenniums change employment every 2 years, as opposed to the boomers, who stayed an average of 7. Gallup says this costs organizations up to $30 Billion/year. They like transparency and knowing where they stand. They welcome new opportunities. Knowing this may make you deal with your PMO resources a little differently. You might need to build a higher employee turnover into your resource planning and make sure you have strong processes in place. Despite the revolving door, good processes invite order rather than chaos.
- Portfolio Managers are the next Chief Strategy Officers. Portfolio Managers role will use real time information to assess portfolio health, recognize opportunity, align execution and strategy and communicate insights and recommendations to the executive team. The PMO will shift from process management to strategy management.
- Success will be measured in Outcomes. Tracking project success has always been a function of the PMO, but the measures of success have changed! New measures include outcomes such as quality, impact, and realized benefits.
- Business capabilities will take center stage. The coming year will throw a spotlight on improving the capabilities that enable teams to work smarter. In 2017, the “adapt to thrive” mentality shaping business is expected to find US companies increasingly turning to M&A to drive business growth. For those navigating M&A activity, consolidating assets means a full pipeline for the PMO! And finally….
- Businesses will become IoT (Internet of Things) This isn’t actually new, just expanding. The pervasiveness of the Internet of Things is changing how we work, live, and interact. There will be a boom in connected devices- from 10 billion in 2015 to 34 billion, an estimated spend of $6 trillion!
2017 will be a year of change. The evolution of technology is not going to slow down. This collision of disruption and innovation is where change and adaptation will be born. Organizations will need to embrace change and evolve with technology. What do you think? Are these the trends you are seeing??