Trends In Project Management: Agile, Entrepreneurship, Sustainability And Big Data

Agile Project Management

In this research by Marinho et al. (2019), agile methods have a wide scope and are no longer limited to co-located teams are small projects. In the past decade, the world has seen the diversification of agile methods into large scale domains, regulated domains as well as distributed domains. several case studies have demonstrated the successful performance of agile adoption, especially in global software development. The main aim of this research project is to understand and gain deeper insights into the way in which organizations adopt agile development strategies in particularly distributed settings. The authors of this research paper have conducted an industry survey and analyzed the data gained from 33 different nations collected as a part of the HELENA project exploring the broad use of hybrid development strategies, especially in software development. The results of the research methodology have revealed that approximately about 72% of globally distributed projects have executed an amalgamation of both traditional approaches as well as agile approaches in software development. a significant number that is 25% of global software development organizations have majorly adopted agile methods in their project development and management.

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According to the author Marle (2020), Risk management in projects is important in establishing the future performance in a complex project. Therefore, if the complexity of the project increases it becomes extremely difficult to forecast potential events that might have an impact on the project and it might also hamper the potential of making effective decisions in order to reduce the exposure of the project to the risks. In order to deal with these managerial as well as conceptual issues, our proposed strategy has been introduced which is the complex system theory based improvements in two particular project risk management subprocesses across the globe using agile project management principles. the author has argued that these advanced strategies for managing the risk complexity of projects, particularly the interdependencies of the risks, are innate to the distributed as well as the self organized approaches of the agile teams.

According to Akhmetshin et al. (2019), The contemporary pace of technological progress in business has become extremely fast and rapid. This is because of the enhanced competition in the operational market of companies. there are a number of upcoming trends, organizations as well as enterprises that constantly rely on trending project management methods as well as procedures in order to achieve their commercial goals. As a result of this, the organizations that are offering higher education and programs are aiming to enhance their educational initiatives and curriculum through modern project management procedures. the main aim of this research work is to establish the relevance of the knowledge of modern methodologies especially in the labor market in order to analyze the organization associated characteristics of the procedure of innovative learning through innovative project management methods. A survey was conducted and the employers that participated in the survey were extremely interested in an agile methodology. Most of the results were also such that the inclusion of modern methodology by using skills, knowledge, and expertise to solve a problem within the work operations. This is an extremely entrepreneurial idea to ensure project management within an organization.

Entrepreneurship in Global Project Management

In this book by Dalcher (2022), The author has mentioned that the contemporary era lives in the age of entrepreneurship. According to the global entrepreneurship monitor, it is estimated that approximately about 582,000,000 people across the world have either started their own business or are in the process of starting their own business. More than about 1000 new startups are established every hour in the United States creating emerging business ideas and job opportunities for the world. The author has also mentioned that entrepreneurship includes much more than just the formation of a new venture. the idea, as well as the concept of entrepreneurship, has been incorporated into the management of business communities. It is the formation as well as the execution of something new using a number of resources, connections as well as a positive attitude. Any undertaking within a company is termed as a project and the author has opined that having an entrepreneurial attitude towards the undertaking of the project is important in successful execution.

In this research by Armenia et al. (2019), more than ever, in the contemporary era, the companies are facing one of the most challenging objectives of achieving sustainability in the activities of businesses by integrating economic, social as well as environmental perspectives to projects. The main aim of the paper is to contribute to the contemporary knowledge of research through an extensive systematic review of literature on the concept of combining project management with sustainability. The author has also opined that sustainability is the key requirement for achieving a successful project execution. Particularly, the aim of the research was to clarify and explore the domains of research of sustainable project management as well as to have an in depth understanding of the contemporary development state as well as the future research directions of sustainable project management. according to the results of the research, it has been revealed that sustainability is included in various aspects of project management that include corporate practices and policies, life cycle orientation, resource management in projects, organizational learning as well as engagement of stakeholders. It is important to make the activities and procedures sustainable in the long run so that companies, as well as customers, can derive the most out of them.

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In this research by Khalifeh, Farrell & Al-edenat (2020), The main aim of the research project is to explore the research question which is whether the incorporation of sustainability as a new concept in project management enables the success of projects. The authors of this project have conducted a thorough systematic literature review in order to gain the relevance of the empirical studies in order to answer this research question. According to the analysis of the literature through the methods of analyzing, extracting as well as critically appraising the relevant data and information, it has been revealed that there is a high chance that the incorporation of sustainability and sustainable practices in project management may contribute to the success of a project. However one of the major limitations of this research is that there is less literature available on this topic. This is because this is a new school of thought and it is in its premature stages. However, the researchers have also opined that sustainability is the key to future project management and that all methods of project management must and sure and incorporate the concept of sustainability in them in the long run for better productivity and results.

Sustainable Project Management

In this research by Qi (2020), The author has mentioned that there are a number of challenges faced by the mining industry that requires as well as promote the incorporation of novel technologies. big data is driven by the accelerated progress of information as well as communication technology and it is also one of the most evidence based and useful technologies that has the potential of reshaping and redesigning the entire landscape of the mining industry. The industry has attempted to apply big data in its project management procedures, however, there exist certain fundamental problems in big data, especially in the process of big data management within the mining industry. the main aim of the paper is to bridge the gap by demonstrating the basic concepts of big data management which is turning into a global trend in the contemporary era. the paper discusses in detail the concept of big data as well as big data management and it also aims at reducing the challenges by discussing the several issues that are faced by the mining industry while implementing big data. The global mining industry envisions the future in which the global database project can incorporate big data in amalgamation with various other technologies like automation in order to suit the international standards.

This project by Novikov (2020) Explores the importance of data science as well as big data technology in the contemporary digital economy. the author also informs that several medium as well as large companies particularly from the retail industry and service sectors have shown interest in using big data across the world. This particular technology has helped banks, manufacturing companies as well as mobile operators to assess and analyze data on equipment failures in order to reduce downtime and reduce costs. It is also a profitable endeavor for offering personalized customer service and predictive analytics.

This paper by Oyelere (2019) Puts emphasis on proposing 2 solutions in order to support education. One is modern block chain concepts and the other is gamification. Both of these concepts have been developed as a part of ICT in the detailed didactics that incorporate the education of adults. The author has explicitly mentioned that block chain technology, as well as gamification, is an evidence based way of creating a smart ecosystem project for learning as well as inclusion. In gamification, the form of work is based on the need for the natural learners to compete with each other in order to gain knowledge and education.

Big Data in Project Management

This paper by Tews et al. (2020) The author has mentioned that more and more educators are using serious games in order to enhance the process of learning and also to render benefits of enhanced engagement and understanding among the students. However the literature has not explored in detail the utilization of serious games within project management of education. The aim of this research is to investigate the utilization of serious games in project management in higher education. It has been revealed from the results of the study that students do enjoy learning using games and it is an evidenced based way of promoting engagement among the students. Therefore, it has proven successful in undertaking new projects or curricula among the students.

References

Akhmetshin, E. M., Romanov, P. Y., Zakieva, R. R., Zhminko, A. E., Aleshko, R. A., & Makarov, A. L. (2019). Modern approaches to innovative project management in entrepreneurship education: A review of methods and applications in education. Journal of Entrepreneurship Education, 22, 1-15. Doi: https://www.researchgate.net/profile/Elvir-Akhmetshin/publication/333390169_Akhmetshin_E_M_Romanov_P_Y_Zakieva_R_R_Zhminko_A_E_Aleshko_R_A_Makarov_A_L_2019_Modern_approaches_to_innovative_project_management_in_entrepreneurship_education_A_review_of_methods_and_applications_in/links/5ceae73ba6fdccc9ddd22303/Akhmetshin-E-M-Romanov-P-Y-Zakieva-R-R-Zhminko-A-E-Aleshko-R-A-Makarov-A-L-2019-Modern-approaches-to-innovative-project-management-in-entrepreneurship-education-A-review-of-methods-and-ap.pdf

Armenia, S., Dangelico, R. M., Nonino, F., & Pompei, A. (2019). Sustainable project management: A conceptualization-oriented review and a framework proposal for future studies. Sustainability, 11(9), 2664. Doi: https://doi.org/10.3390/su11092664

Dalcher, D. (2022). The Entrepreneurship Turn: Repositioning Projects as Successful Ventures. In Rethinking Project Management for A Dynamic and Digital World (pp. 168-178). Routledge.

Khalifeh, A., Farrell, P., & Al-edenat, M. (2020). The impact of project sustainability management (PSM) on project success: A systematic literature review. Journal of Management Development. Doi: https://doi.org/10.1108/JMD-02-2019-0045

Marinho, M., Noll, J., Richardson, I., & Beecham, S. (2019, September). Plan-driven approaches are alive and kicking in agile global software development. In 2019 ACM/IEEE International Symposium on Empirical Software Engineering and Measurement (ESEM) (pp. 1-11). IEEE. Doi: https://arxiv.org/pdf/1906.08895.pdf

Marle, F. (2020). An assistance to project risk management based on complex systems theory and agile project management. Complexity, 2020. Doi: https://doi.org/10.1155/2020/3739129

Novikov, S. V. (2020). Data science and big data technologies role in the digital economy. TEM Journal, 9(2), 756-762.

Oyelere, S. S., Tomczyk, L., Bouali, N., & Agbo, F. J. (2019). Blockchain technology and gamification-conditions and opportunities for education. Adult Education 2018-Transformation in the Era of Digitization and Artificial Intelligence. Doi: https://erepo.uef.fi/handle/123456789/7905

Qi, C. C. (2020). Big data management in the mining industry. International Journal of Minerals, Metallurgy and Materials, 27(2), 131-139. Doi: https://doi.org/10.1007/s12613-019-1937-z

Tews, T., Skulmoski, G., Langston, C., & Patching, A. (2020). Innovation in project management education-let’s get serious!. Construction Economics and Building, 20(3), 124-141. Doi: https://search.informit.org/doi/abs/10.3316/informit.466588251903038