From motivating team members and facilitating clear communication to making critical decisions and navigating uncertainties, strong leadership is the core of successful project management. And these skills aren’t just valuable in project management, 40% of respondents in our 2024 research survey stated that personal leadership was the most important professional skill this year.

This year our ILX learning and development (L&D) research has revealed some interesting insights for the project management industry.

As the end of the year approaches many of us are starting to consider the changes that may be on the horizon in 2024. In this blog, we’ll explore our predictions for the project management industry over the coming year and the impact they may have on your organisation.

Businesses are constantly seeking new ways to enhance quality and performance, and the integration of artificial intelligence (AI) into project management has emerged as a pivotal strategy to do this. With the rapid advancements in AI, organisations are now presented with unparalleled opportunities to streamline processes, increase efficiency, and drive success.

Without accurate planning and scheduling a project is destined to fail. Estimations regarding budget and timelines should be carefully considered to ensure a project runs smoothly and outputs meet requirements.

According to a report from the Project Management Institute entitled AI Innovators: Cracking the Code on Project Performance, 85% of global CEOs predict that AI will have significantly changed their business practices by 2024.

97% of employees and executives believe that a lack of alignment within a team impacts the outcome of a task or project, according to this blog from Bit.AI. Good team collaboration is crucial to the success of any project, as it can help increase efficiency, enhance creativity, and improve morale.

Already obtained your PRINCE2® qualification and wondering which certification to consider next?

According to Zippia, agile projects have a 64% success rate. Some projects are better suited to a more traditional methodology, but for those that require a more iterative, flexible approach, agile project management could offer the solution.

According to this blog by TeamStage, 55% of project managers cite budget overruns as a reason for project failure.