Project Management

5 Significant Challenges PMs Will Face in the Project Economy Era

Belgium Chapter +1

Antonio Nieto-Rodriguez is a leading expert in project management and strategy implementation, recognized by Thinkers50 with the prestigious award “Ideas into Practice.” He is the creator of concepts like The Project Economy and the Project Manifesto. He is author of Lead Successful Projects (2019, Penguin) The Project Revolution (2019, LID) and The Focused Organization (2012 Gower). He has been teaching project management for more than a decade to senior executives at Duke CE, Skolkovo, Solvay Business School, and Vlerick. Antonio has held executive PMO positions at PricewaterhouseCoopers, BNP Paribas, and GlaxoSmithKline. Former Chairman of the Project Management Institute, he is the co-founder of the Strategy Implementation Institute and the global movement Brightline.

In today's fast-paced and rapidly changing business landscape, also known as the project economy, the field of project management is facing numerous challenges and will require that we significantly adapt our practices.

From technological disruptions to remote and virtual work, from changing stakeholder expectations to talent management, project managers must navigate through more complex and dynamic environments to deliver their projects successfully.

In this article, I will look deeper into some of the biggest challenges our profession faces in this modern era—and share strategies to overcome them. 

Technological Disruption
One of the biggest challenges project managers face today is the rapid pace of technological disruption. Advancements in automation, artificial intelligence (AI), machine learning and other emerging technologies will transform how projects are managed.

The idea of cross-functional project teams may soon include both humans and robots instead of just individuals. In 2018, Gartner predicted that the role of project managers would face significant changes in the future. The estimation is that by 2030, artificial intelligence will manage approximately 80% of the current project management and PMO tasks.

Based on personal research in 2021, we will start seeing some algorithms that can predict the success rates of projects, …

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