The Internet of Things and the Future of Project Management
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Date

By Wanda Curlee
Some would say the Internet of Things (IoT) is still so embryonic and amorphous that there aren’t many job opportunities. But there are already project managers working on the IoT—which refers to a growing network of physical objects embedded with sensors, such as Wi-Fi-connected thermostats you can control from anywhere with your smartphone.
And there will be many more IoT projects in the future. McKinsey Global Institute researchers estimate the potential economic impact of IoT technologies to be USD$2.7 trillion to USD$6.2 trillion annually by 2025. Think of Amazon’s plan to deliver packages via drones. Those drones will need to communicate with customers, employees, the corporate office, and maybe at some point, air traffic controllers. All of this requires a project manager, starting in the research and development stage and going through development and upgrades. This is a never-ending cycle.
All of these projects create the need for programs. Many companies will have a large overlap of IoT projects. A program manager is needed to drive the strategy of the IoT program to benefit the company’s bottom line. In fact, I would venture to say there will be sub-programs and maybe even more than one IoT program. The Internet of Things is so broad, it will be the program managers who define the benefit realization plans and roadmaps and may even decide their program is too broad and needs to be subdivided or spun off into new programs. It will take years for companies and internal business units to determine what IoT will do and how they will drive it.
The company’s CEO will set the IoT strategy, which will then become the portfolio manager’s responsibility to execute. Let’s say the CEO wants to modernize delivery. The portfolio manager should meet with the CEO to have a better understanding of what this means. The portfolio manager will scour the enterprise to determine what needs to be in the portfolio (such as drones) and what should be stopped. The governance committee will assist the portfolio manager. There will be many IoT portfolios throughout many different industries and organizations, including not-for-profits and militaries.
IoT will drive the next opportunities for many in the decades to come. Fasten your seat belts, and hold on for the new adventure and wave of jobs. These projects will be different, but as in many other fields, the project management discipline will drive job creation.
Posted
by
Wanda Curlee
on: June 23, 2015 10:40 AM |
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Comments (12)
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anil kukreti
Senior engineer | Mobiquity softech pvt ltd
Ghaziabad, Uttar Pradesh, India
Nice article . Thanks for sharing. This article is giving one more reason to choose bright field for Project Management, Program Management and Portfolio management.
Wanda Curlee
Dr. Wanda Curlee| PMI
Ferguson, NC, United States
Anil - Thank you. Indeed the future is bright for the project management discipline.
Christine Oddy
Project Manager| Primavera Software
Novi, Mi, United States
Yeah! #Wanda your are right about the internet of the things and the future of project management. it will be done through online software. like my company have the solution about the project management through the
Primavera Software Expert which is really good. Thanks for sharing this article.
Wanda Curlee
Dr. Wanda Curlee| PMI
Ferguson, NC, United States
Hello Mahreen - Thank you for the comments. Yes the internet of things will definitely enhance software, but there will be other items as well. How wireless is used will be another factor that will change within the next few years and how we view and deliver data in a smartphone/wireless medium.
Wanda
Christine Oddy
Project Manager| Primavera Software
Novi, Mi, United States
Learn, acquire, achieve and build your skill with our training program
training and workshops Where we provide one-on-one environment for participants.
Christine Oddy
Project Manager| Primavera Software
Novi, Mi, United States
we're living in an age that is constantly evolving with its technological processes for this matter any piece of writing that backs the need for constant up gradation to meet the technological demands of this world in efforts of improving the business process
best Project management or our daily lives in general are highly helpful and appreciated.
Wanda Curlee
Dr. Wanda Curlee| PMI
Ferguson, NC, United States
Christine - I agree with your comment. Our lives are changing in a manner that has not been seen before. Thanks for the comment.
Priya Patra
Delivery Director| Capgemini India Technology Services Ltd
Mumbai, India
A program manager is needed to drive the strategy of the IoT program to benefit the company’s bottom line. Well said Wanda !
A program manager should be the one to ensure that all these IoT projects / sub- programs are aligned to the common vision through effective communication and collaboration among teams
Wanda Curlee
Dr. Wanda Curlee| PMI
Ferguson, NC, United States
Priya - Thanks for your kind comments.
Luis Branco
CEO| Business Insight, Consultores de Gestão, Ldª
Carcavelos, Lisboa, Portugal
Dear Wanda
Interesting your perspective on the topic: "The Internet of Things and the Future of Project Management?"
Thanks for sharing
Important point to remember:
"The Internet of Things will lead to the next opportunities for many in the coming decades. Fasten your seat belts and hold on to the new adventure and job vacancy"
Shumaila Sadaf
Legal Advisor| Billions works SMC Pvt LTD
Karachi, Pakistan
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