Project management is changing for the better as a result of technological advancements. However, not all project managers or businesses are up to speed on the latest and best in technology, putting their company at a significant disadvantage.
Fahim Moledina, Founder/Principal Consultant of Opti-Syn Consulting, has dedicated his life to researching and applying the most recent project management technologies. Fahim Moledina now works as a lead consultant for the firm he started, educating others on how technology may help their projects operate more smoothly.
There are other technology alternatives to examine, but at the very least, all project managers should be familiar with Robotic Process Automation (RPA).
C-suite executives in the financial sector were among the first to see the potential impact of RPA on their bottom lines. The industry quickly developed software to automate various boring operations, allowing staff to focus on higher-priority jobs. Accounts payable departments, for example, no longer have to toil away at processing bills – seeking signatures and permissions from a bunch of individuals. Now, the software handles the heavy work and provides a variety of methods for organizing and analyzing the data derived from the information processed.
Customer onboarding for B2C firms, financial planning using the Financial Planning & Analysis (FP&A) system, payroll administration, and logistical applications are other applications that employ RPA. Furthermore, an insurance business revealed that using RPA could adjudicate claims 75% quicker.
Another technical solution that has transformed project management is digital asset management.
Any file that may be stored digitally is considered a digital asset. There are various advantages to using a management system for your project’s files. First and foremost, it centralizes all of your key data, allowing them to be viewed on the job site or while on vacation. It also enables PMs to instantly exchange and receive information that would previously have taken hours to transmit.
With the click of a button, information may now be exchanged. There will be no more scrolling through pages of documents or searching through file cabinets for a single clause. More crucially, data can be safely preserved. Consider cloud storage.
Fahim Moledina Hiring a tech consultant specializing in project management is always an option for project managers who only have a rudimentary understanding of technology but recognize its importance to their initiatives. Being a troglodyte project manager will no longer pay.
Technology has here, and it is changing the way organizations work. It is never a bright idea to put off learning the instruments of your profession. And, of course, technology is now a tool in all of our trades.
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