Top 5 Project Management Trends

PROJECT MANAGEMENT TRENDS Name: Institution Affiliation: Project Management Trends Annotated Bibliography The management of projects within complex environments requires the inclusion of approaches aimed at restructuring organizations in order to meet the changes that are bound to occur. Project and portfolio leadership approaches therefore play a significant element in instances where organizations struggle in the implementation of complex projects, agile methods and in managing vendors, an aspect that depicts the need to incorporate project management approaches in the process. In this case, it is essential to establish that leadership is one of the primary themes that resonate around the project management trends over the past three years. This paper seeks to evaluate some of the project trends that have been in existence over the last three years that include; Emergency Risk Management, project leadership, agile project management approaches, organizational culture and processes and stakeholder theory. Kapsali, M. (2013). Equifinality in Project Management Exploring Causal Complexity in Projects. Systems Research & Behavioral Science, 30(1), 2-14. doi:10.1002/sres.2128 In support of the views of Teller, this author gives a suggestion of the inclusion of an enterprise risk management approach in allowing an organization to identify and address some of the risks it is prevalent to encounter. The goal of this trend is directed towards enhancing the value of an organizations stakeholder, an aspect that requires a strategic evaluation of the risks that an organization may encounter during its operation and approaches of handling such risks. Through this, the Emergency Risk Management approach that enables an organization to establish some of the risks that can be allowed and those that needs to be mitigated. This process will therefore require an organization to access, exploit, control, finance and monitor some of the risks that they are bound to encounter with the aim of advancing an organization long and short-term value for its stakeholders. Chowdhury, T. (2013). Impact of senior design project for the development of leadership and management skills in construction management. European Journal of Engineering Education, 38(4), 452-467. According to this author, basing his views within the contraction management industry, organizations require a strong project leader in as much as there is a need to focus on investments that relate to hand skills. The author alleges that the training focus is essential on hand skills in as much as several organizations continue to perceive that project managers may lack the required leadership skills that include negotiations, communication, customer relationship management and organizational change management approach. The reason remains simple since many organizations resort to training their personnel on the specifics of project leadership and management as compared to the other generic leadership training approaches that are common in the market. This therefore establishes the need for organizations to establish some of the required alternatives aimed at developing effective leadership skill in order to address some of the unsatisfactory situations in project management. Doloi, H. (2013). Cost Overruns and Failure in Project Management: Understanding the Roles of Key Stakeholders in Construction Projects. Journal of Construction Engineering & Management, 139(3), 267-279. doi:10.1061/(ASCE)CO.1943-7862.0000621 On the other hand, this author concurs with the views of Chowdhury by alleging that the agile implementation of project management trends is viewed within some organizations as a failure for the wrong reason. As compared to other traditional approaches, agile project management approaches have the capacity to reduce the speed time spent by an organization in marketing, costs and improve the quality of products. However, several organizations fail to see the essence in realizing the agile approach of project management. This is clearly evident in the fact that several leaders who are assigned to agile projects are not fully trained and equipped on agile project management approaches, while the lack of an organizational culture that embraces this concept is inadequate. Alternatively, it is important for an organization’s leadership to understand effective approaches of breaking down the barriers that stand in the adoption of agile project management approaches by providing training to personnel leading these departments. Morris, P. (2013). Reconstructing Project Management Reprised: A Knowledge Perspective. Project Management Journal, 44(5), 6-23. doi:10.1002/pmj.21369 According to this author, the art of project management is not only for project managers. Over time, people have resorted to project management as a title and position arrived at by accident. However, these views have changed over time since several organizations are currently...