The past, present, and future of project management

Project management has been around for decades. It will continue to be a popular skill. It has made many positive changes in businesses around the world and is constantly being updated to reflect the latest management trends. The journey of project management has been influenced by technological advancements and global business situations. It has had a solid past, steady present, and will continue to enjoy a remarkable future.
Let’s take a look at the basics of project management and then we will see what lies ahead.
The Past
Project management was a phenomenon that began in the 1970s. The idea was then developed and implemented in certain industries. It was mostly used in the engineering and technology industries during the 1980s. Project management was a concept that did not include the organization or administration of company processes. This approach has changed over the years. While few people in corporate work were aware of the benefits and functionality of project management, others did not know the term. All this slowly changed, and the present was better.
The Present
Thirty-years after the introduction project management was introduced, its application is no longer restricted to engineering and technology. It has expanded to other areas. It is now used in many industries, including medicine, oil, and marketing. It is now more widely known and used by many teams working on different projects. Project management tools and techniques are used to guide them towards success. Project managers are not just administrators anymore. They have taken on the role of strategic thinkers who work hard to ensure a project’s success.
With a variety of courses available, the discipline of project risk management is becoming more professional. With more professionals choosing to become PMP and PRINCE2 certified, the business market has taken off. Companies prefer to hire certified professionals than those who aren’t. These certifications are valued and recognized worldwide. As time goes by, the number of people who take these certificate exams will increase. Because of their simplicity of implementation, everyone on the project team understands how important it is to manage risk and assess the benefits. Companies must be prepared to face serious situations in their projects due to the ever-changing global business environment and changing international laws. This is essential for companies. Social media has also had an impact on how project management concepts are perceived in the market.
The Future
Future project management will see more professionals investing in their learning and developing management skills simultaneously. The world has been experiencing a global economic crisis over the past few years. Businesses are preparing for similar situations in the future (if necessary); project management tools/techniques will be a friend when needed.
With the increase in project management certifications worldwide, employees would prefer to work on a freelance/project basis rather than following rigid schedules. The way project management is taught will change with the advent of social media channels. Many digital platforms will be integrated to improve the learning experience of those who are interested in further developing their project management skills. The future looks bright for both project managers and their takers.
A Bright Journey
It is clear that project management is on the path to a brighter future. It will