Currently project management metrics focus on cost, schedule, and the ability to achieve requirements (deliverables, including quality). But, moving forward, project management metrics need to be more future-oriented to reflect the ability of deliverables to evolve and adapt.
As we move into the “internet of everything” era when AI will likely manage projects, many of our deliverables (whether they be a house, an IT system, or a marketing campaign) will have the abilities to change and progress built in.
Assuming that deliverables will be more akin to a platform than a static asset, we need project management metrics that incorporate measurement of these adaptive capabilities.
If we envision deliverables as evolving platforms, they will adapt over time as requirements change. For example, a house will need to have the ability to adjust to the environment and to its occupant(s). Moreover, the house may be continually incorporating new technology as it becomes available.
As such, project management metrics should measure the ability of the deliverable to:
• Evolve to incorporate new innovations
• Adapt to new user requirements
This need is applicable to a range of outputs across industries such as marketing campaigns, IT initiatives, and even new product development. Consequently, PM metrics need be updated to include the future potential of the initiative.
How do you think project management metrics need to change? Let us know in the comments below.
And, check out a project management simulation available for educational institutions here.