SOURCE: Genius Inside

Genius Inside

January 12, 2011 00:01 ET

Project Teams Can Expect More Mobility, Outsourcing and Virtual Team Management in 2011, Genius Inside Predicts

Conversations and Interactions With Its 550-Company Customer Base Lead Project Portfolio Management Company to Conclusions About the Near Future

MONTREAL and GENEVA, SWITZERLAND--(Marketwire - January 12, 2011) - Another year of ho-hum economics will force project-centric organizations to decentralize and outsource in 2011, bringing in the people they need to meet higher stakeholder expectations, according to Genius Inside.

Genius Inside, a product and portfolio management software developer, based its six 2011 predictions on feedback from its 550 customers about what did and didn't work in 2010, and where future needs lie.

After almost two years of little or no growth and no strong recovery on the horizon, higher expectations and strict cost controls are the bedrock principles in project management. One of the most pervasive cost control measures, putting a hold on hiring, will send project teams looking beyond their traditional boundaries for necessary skills and experience. That means decentralized management, collaboration through social media, and growth in mobile communications.

"We're looking at some hard realities in project management in 2011, but the industry has a lot to gain from going through these hard times too," said Laurent Baravaglio, managing director research and development and services at Genius Inside. "One of the better outcomes is we're all going to work more closely with our customers and other stakeholders, thanks to mobile devices and social media collaboration. Mobility will closely integrate management tasks -- status updates, time reports, etc. -- with our value-producing work. Instead of carving time out of our days to update our statuses and monitor other metrics, we'll do it as part of our everyday work, creating a quantifiable deliverable for our stakeholders. That makes overall project management a lot less onerous."

Genius Inside's project management predictions fall into six areas:

1. The management of fragmented project teams -- With slimmer margins and increased global competition, project-centric organizations are forced to look outside of their markets to outsource project functions with teams dispersed over different locations. This is true with IT groups outsourcing services to other parts of the world, manufacturers that have increasingly fragmented supply chains, and service groups that run projects remotely with multiple teams in different locations.

2. Increased expectations from stakeholders -- Instant access to information over the Internet makes customers expect more visibility and quicker response from their project teams. This means project teams need to provide more transparency and access to project information to manage stakeholder expectations.

3. Performance management -- Because of the economic crisis, internal and external stakeholders are placing a heavy emphasis on better metrics to evaluate project, budget and resource performance. Accountability has become paramount. With stakeholders constantly monitoring metrics, project teams must respond quickly to bottlenecks.

4. Better and quicker collaboration (social, mobile, e-mail) -- Better collaboration is a key differentiator for today's project professionals. As knowledge workers, project management professionals are always looking for better ways to access their project data through their mobile devices, via the Web, and through social media tools to maintain their competitive edge and better serve their stakeholders.

5. Phased approach to the deployment of project management technologies -- Project-centric organizations are recognizing that the project management maturity of their organization may vary from one business unit to the other or is in general limited. With this realization, organizations will take a phased approach to the deployment of new project management technology, beginning with a single test group and full roll outs.

6. Better understanding of unique business needs -- Increasingly, project-centric organizations are looking for project management solutions and tools to address their specific needs. They are seeking solutions that better address their project management environments by easily/quickly adapting to their industry language, mapping to their unique requirements and applying best practices specific to their organization and market.

About Genius Inside
Established in 1997, Genius Inside develops project management software that improves project selection, planning, staffing, execution and tracking. More than 55,000 users at 550 customers across the globe use Genius Inside's proven Web- and IBM Lotus Notes-based solutions. They are supported by European and North American offices and a global reseller network.

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