Project Management

PPPM is already Facing Exponential Changes: Let's Play?

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The Project Management Institute's annual events attract some of the most renowned and esteemed experts in the industry. In this blog, Global Conference, EMEA Congress and experienced event presenters past, present and future from the entire PMI event family share their knowledge on a wide range of issues important to project managers.

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We are facing exponential changes in our daily lives, not only personally but in our professional daily tasks. What is today there will be no more tomorrow. Changes are taking place at a different speed compared to society acceptance, so, Are organizations prepared to absorb these changes? Do we feel we need to change? Do we want to change? Do organisations really understand the concepts of innovation and disruption? Some they do not and they are experiencing now their own fate ... Are these words overused in our daily life? I think yes, too much ... 

Human behavior is unpredictable in some cases but in other cases it is very predictable. When we are in our area of confort, we feel save and we are not willing to change. Why to risk this confort and go to an unexplored area? Are we enough curious? When we were children, we were naturally curious—but when we grew up that sense of wonder began to flow down.

Regaining this sense of curiosity is key for the Project Manager, creativity then flows and take us to another level, where unexplored areas are not so dangerous as we thought at the very beginning. We begin traversing the bridge that seemed so dark, and oh surprise! we see us in an uncomfortable new area but we learn how to surf it.

Tuesday PMI Salon session presented some of the game changers for the PPPM Professional such artificial intelligence (AI), Big data and Predictive Analysis and last but not least important, the Human connection.

Will AI impact the job labour? How? In which percentage algorithms will take part of our tasks as Project Managers? What will be left? In any case this is already happening and the future seems complex ... so how to survive?

How big data and predictive analysis will link with AI? Forecasting concept acquires special relevance. .. Harvard Business Review (HBR) article published in May 2016 presents an excellent piece about that new concept. 

The Good Judgment Project (GJP) was launched in 2011 by Philip Tetlock and Barbara Mellers and was completed in 2015. The objective of that study was to determine whether some people are naturally better than others at prediction and how this performance predicting could be enhanced.

The Intelligence Advanced Research Projects Activity (IARPA) organized a competition where participants were challenged to answer geopolitical and economic questions that U.S. intelligence agencies pose to their analysts normally. The GJP was the winner. 

[...] Most predictions made in companies, whether they concern project budgets, sales forecasts, or the performance of potential hires or acquisitions, are not the result of cold calculus. They are colored by the forecaster’s understanding of basic statistical arguments, susceptibility to cognitive biases, desire to influence others’ thinking, and concerns about reputation. Indeed, predictions are often intentionally vague to maximize wiggle room should they prove wrong. The good news is that training in reasoning and debiasing can reliably strengthen a firm’s forecasting competence. The Good Judgment Project demonstrated that as little as one hour of training improved forecasting accuracy by about 14% over the course of a year. [HBR]

Training linked to AI and big data results in a powerful combination, at the same time scaring at some point.

After so many changes will invade our lives/business, human connections will become more and more relevant. Compassion, humanity, understanding, communication ...  

The future is already here, like it or not, and it already began impacting our daily tasks and life. Connectivity is changing the game, how we work as Project Managers ... so we have two options, to play or not to play. Consequences of each action seem obvious ... 

Mark Stevenson, a visionary and author of the book "An Optimist's Tour of the Future", was the closing key note speaker of PMI EMEA Global Congress . He showed us how the new industrial revolution we are living is impacting us in different aspects such how we organised society, the way we educated ourselves, how we made business, technologically and our concept of work. I would resume the speech as inspiring, mind blowing, transhumanist, ... 

Be passionate for what you do, be a trailblazer, think big, make mistakes, adapt and overcome, learn, be ambitious in order to advance, connect the dots, don't be afraid of serendipity (General Leadership blog), be more human and never ever give up.


PMI Global Congress provides you an excellent forum to develop your professional and personal skills, apart from networking within an intercultural environment, learning and experiencing.

Posted by Laura Samsó on: May 11, 2016 06:41 PM | Permalink

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