| | December 20188CIOReviewIN MYPINIONRapidly evolving developments in technology are impacting the landscape of project management, prompting transformations. Business leaders will need to harness new technology in order to revolutionize the way that project teams think and work, in order to compete. Consumers expect to have products and services immediately through the use of a variety of mobile devices, market latecomers will easily loose the chance to participate in this new technology driven environment. What this translates into is that companies can no longer effectively rely on highly institutionalized classic project management with heavy project schedules and complex dependency ridden Gantt charts to succeed. Project managers will be expected to change the way they currently operate by adapting project management practices, which allow for increased flexibility and can demonstrate results immediately. All to be achieved with dispersed resources and myriad of information transforming how we sell, collaborate, and communicate internally and externally.Project managers and PMOs should consider acclimating to the following in order to compete in the changing digital environment. Distributed ResourcesVirtual project teams are the new normal. Companies are increasingly leveraging the options of a distributed working team to provide employees flexibility, gain global footing as well as take advantage of economical resourcing. Technology is closing the distance gap, making remote working much easier to accomplish. With team members no longer collocated, project managers are required to become more versatile in communication By Rakhi Seth-Forrest, Manager, Process Operations & Consumer Fraud, HBOTECHNOLOGY DEVELOPMENTS AND TRANSFORMATIONS IN PROJECT MANAGEMENT
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