Origin Story
“FuturePM” was born out of a desire to create a blog that embodies forward-thinking in the field of project management. The blog is committed to exploring the emerging trends, innovations, and evolving practices that will shape the future of this dynamic industry. As technology continues to reshape the profession of project management, it’s essential to consider the impact of AI, as reflected in key statistics:
AI Market Growth:
The global market for AI in project management is expected to grow to $5.7 billion by 2028, with a compound annual growth rate (CAGR) of 17.3% (Rebels Guide to PM).
Impact on Project Management Offices (PMOs):
25% of PMOs globally have already been impacted by AI, and this number is expected to grow significantly (Business 2 Community).
Return on Investment:
93% of companies that invest in AI for project management report a positive return on investment (Business 2 Community).
Time Savings:
66% of project managers consider saved time as the most beneficial impact of AI process automation (Business 2 Community).
Project Success Rates:
AI could improve the success rate of projects by around 25% (Business 2 Community).
Skill Augmentation:
28% of a project manager’s skill set can be augmented by AI, including methodology and life-cycle driven tasks (Rebels Guide to PM).
Senior Leadership Views:
82% of senior leaders say AI will have at least some impact on how projects are run at their organization over the next five years (PMI).
Transformative Impact:
58% of respondents in a PMI survey believe AI will have a “major” or “transformative” impact on the project management profession (PMI).
Project Delivery Enhancements:
41% of experts report significant enhancements in project delivery since adopting AI-based tools and techniques (Rebels Guide to PM).
Positive Impact on Project Management:
91% of respondents in a PMI survey believe AI will have at least a moderate impact on the profession (PMI).
By incorporating the word “Future,” the blog signals its focus on what lies ahead, rather than merely addressing the current state. The name “FuturePM” is both concise and memorable, striking a balance between professional tone and accessibility.
“FuturePM” will fulfill its goal by providing insights, strategies, and discussions that are relevant to the future landscape of project management. Preparation for the future isn’t only about harnessing AI; PMs will need to familiarize themselves with emerging technologies like blockchain, develop softskills like empathy, and adapt to a more global and dynamic business environment. With this focus, the blog will be a valuable resource for readers who are looking to stay ahead in their careers and projects.
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Rebel’s Guide to Project Management. (n.d.). AI in project management statistics. Retrieved from https://rebelsguidetopm.com/ai-in-project-management-statistics/
Project Management Institute. (n.d.). Shaping the future of project management with AI. Retrieved from https://www.pmi.org/learning/thought-leadership/ai-impact/shaping-the-future-of-project-management-with-ai
Business2Community. (n.d.). AI in project management. Retrieved from https://www.business2community.com/statistics-pages/ai-in-project-management