Managing large scale and long-running projects comes with a myriad of complexities. From pre-sales to execution and delivery, these projects involve intricate plans and timelines with numerous dependencies and vast amounts of data. They require coordination among various departments, teams, stakeholders, and customers, and are subject to numerous risks that can impact project health.
When managed manually or with outdated technology, these risks are multiplied. Disjointed systems, siloed data, and an overabundance of forms, spreadsheets, and emails make it difficult to track the source of truth. Basic project management capabilities like Gantt or Kanban boards are often lacking, leading to limited communication and collaboration, poor visibility, and suboptimal resource utilization. This outdated and often unorganized approach can lead to costly mistakes, project delays, and unseen risks that can significantly impact ROI. Research shows that “Projects are 2.5 times more successful when PM practices are implemented.” To ensure projects are completed on time and within budget, a modernized approach that offers 360-degree visibility and sophistication is essential.
What is Modernization in Work and Project Management?
Modernization involves adopting collaborative solutions that go beyond traditional project management. It usually means leveraging a Software as a Service (SAAS) solution that can span work and project tasks across the entire lifecycle, providing a unified platform for all departments. These solutions are designed for long-cycle projects, accessible anytime and anywhere, and offer real-time insights. They leverage AI, are low code/no code, and are driven by templates and automation. They support multiple methodologies and ways of working, including Waterfall, Gantt, Agile, Kanban, and Hybrid approaches.
Why Do You Need to Modernize?
Modernizing work and project management provides a competitive edge and drives business success by enabling data-driven decision-making and fostering a more organized work environment. Specifically, a modern-day work and project management solution will:
Increase Visibility into Projects
A study shows that “55% of organizations don’t have access to real-time KPIs.” Modern solutions provide next-level insights and real-time visibility into project status, financials, timelines, and more. They track progress on in-flight projects and KPIs all while exposing bottlenecks, scheduling and resource capacity issues, and critical dependencies. With at-a-glance dashboards and reports, they offer early risk detection, better forecasting, and promote timely project completion.
Promote Next-Level Collaboration
Leading-edge solutions eliminate silos by centralizing information and enabling simplified collaboration across the project lifecycle both internally and externally with customers, partners, and contractors. They facilitate immediate and effective communication and can adapt different work styles and methodologies so teams can connect across projects while continuing to work the way they work best.
Automate and Simplify Tasks
Modern technology can be used to streamline projects by developing project plans based on requirements and available resources, creating stakeholder reports with project milestones and status information, generating daily progress, quality, and risk reports in real-time, and analyzing projects for key milestones.
Enable You to Work the Way You Do
Transformative solutions are highly composable to your business and offer great flexibility. They can be modified and enhanced without waiting for roadmap feature requests, are customizable to your needs, and can be integrated with other apps and solutions for more comprehensive work and project management.
It’s Time to Transform
Modernizing your work and project management from order to delivery is a transformation that will drive more success. More projects, more on-time projects, more on-budget projects, and more data from projects leading to ongoing insights and efficiency gains. With the right solution in place, organizations will have unmatched visibility across their projects and financials, helping them to understand costs and make more data-driven decisions to improve revenue recognition.
To start the transformation of modernizing work, project management and collaboration, organizations need transformation agents — people who are excited to drive change and push the envelope. These agents need to identify the right solution, one that meets their unique needs, and begin educating key stakeholders about the measurable benefits the transformation will deliver. These agents should consider solutions like Leankor, a comprehensive, AI-powered work and project management solution that is designed to handle complex, long-running projects with ease. Built on the Salesforce platform, Leankor is a highly composable solution that provides real-time insights, seamless collaboration, and customizable workflows. Leankor’s user-friendly interface and scalability make it an ideal choice for enterprises looking to streamline their work and project management processes across the entire lifecycle, reducing costs, accelerating timelines, and improving project profitability. Request a free modernization assessment or demo today!
