Role of Big Data – Shaping the Future of Project Management

Abstract

Big data is reshaping the future of the project management by ushering in new era of datadriven decision-making processes and improving efficiency in the organization. It is throughthe transformative force of big data that it has revolutionized the way in which projects areconceived and executed in different sectors. Project managers can rely on big data in integratingreal-time data into the project management’s operations and gain historical insights on the trendand successes of the projects.In this article, the aim is to assess the role of big data in shaping the future of the projectmanagement initiatives. Key concepts are discussed including the role of big data in planningand delivery, and this involves identifying the possible bottlenecks affecting the success of theproject. It outlines the significance of big data in the project team environment, with the bigdata encouraging collaboration among the project team improving their productivity level andefficiency in conducting their activities. It is also integral in knowledge management withproject managers relying on big data analytics in understanding the market trends and analyzinghistorical data. Other issues discussed relevant to the future of project management is efficientrisk management and quality management, which are critical aspects in improving success ofthe projects and reducing cost of operations. As such, the future of project management is bigdata analytics.