Project management involves coordinating with different people to complete a set of tasks in a precise sequence by applying knowledge, skills and techniques to meet stakeholder expectations. Project management ensures high productivity from available resources. Discussed below are some of the emerging Management trends:
1. Specific training as per need: Training is required to help develop skills including soft and hard skills. Human resources are crucial to an organization’s success. Staff development programs have highest impact on project performance. Thus, investing in training and skill development of their human resources has become need of the hour.
2. Effective Communication: Communication plays a vital role in today’s world. Effective communication is necessary to communicate vision or goal of an organization. It is an essential tool to maintain strong work relation and build up level of trust and increase productivity.
3. Setting expectations: Setting clear and achievable goals for individual and team is important. They need to be aware of their roles and responsibilities and ensure that their objectives are aligned to the organization’s objective.
4. Corporate Social Responsibility: CSR is a form of self-regulation which ensures that an organization follows ethical standards in spirit of law. Organizations make sure that they do not exploit foreign workers, waste natural resources, or damage the environment through negligence or in the name of increased profit.