APAC CIOOutlook

Advertise

with us

  • Home
  • CXO Insights
  • CIO Views
  • Vendors
  • News
  • Conferences
  • Whitepapers
  • Newsletter
  • Awards
Apac
  • Artificial Intelligence

    Big Data

    Blockchain

    Cloud

    Digital Transformation

    Internet of Things

    Low Code No Code

    MarTech

    Mobile Application

    Security

    Software Testing

    Wireless

  • E-Commerce

    Education

    Logistics

    Retail

    Supply Chain

    Travel and Hospitality

  • Microsoft

    Salesforce

    SAP

  • Business Intelligence

    Cognitive

    Contact Center

    CRM

    Cyber Security

    Data Center

    Gamification

    Procurement

    Smart City

    Workflow

Menu
    • Product Management
    • Cyber Security
    • Hotel Management
    • Workflow
    • E-Commerce
    • Business Intelligence
    • MORE
    #

    Apac CIOOutlook Weekly Brief

    ×

    Be first to read the latest tech news, Industry Leader's Insights, and CIO interviews of medium and large enterprises exclusively from Apac CIOOutlook

    Subscribe

    loading

    THANK YOU FOR SUBSCRIBING

    • Home
    Editor's Pick (1 - 4 of 8)
    left
    Driving Competitive Advantage For Kmart Group Through Advanced Analytics, Machine Learning And AI

    Michael Fagan, Chief Technology Officer, Kmart Australia

    CMS As Part Of Efforts To Boost Business

    Stepan Kares, Vp Information Technology, It & Operations,Home Credit Indonesia

    Unlocking Great Consumer Experiences With Lean Cloud Stacks

    Anthony Baker, Executive Technology Director, R/Ga

    Delivering Healthcare Capital Projects

    Sidney J Sanders, Senior Vice President, Construction, Facilities Design and Real Estate, Houston Methodist

    Workforce Synergy with Activity-Based Learning

    Susan Mandel, Facility Manager, Solvay

    Project Management and a Growth Mindset

    Miranda Kovacic, Head of Technology, Data Delivery, ANZ Bank

    Artificial Intelligence is Going to Disrupt Project Management

    Lars Janowski, Head of Transformation, Innovation and Technology Advisory, HKA Australia

    Australian Companies Lagging in the Promotion of STEM

    Gary Angel, Regional Director, Tata Consultancy Services

    right

    What might Digital Disruption Mean for Project Management Professionals

    Hans Brown, Head of Client Technology Solutions, Asia Pacific, BNY Mellon

    Tweet
    content-image

    Hans Brown, Head of Client Technology Solutions, Asia Pacific, BNY Mellon

    The digitalization of business models has been the focus of much discussion recently. Organizations are changing the way they have to conduct business as the shift to a platform economy brings technology and consumers even closer. We all know how this disruption is occurring in the consumer arena and benefit from it, but what is less apparent is the change in the institutional space. Traditional methods and purpose are no longer viable in this digital economy and a new set of skills are required to support and lead transformation.

    Take BNY Mellon, the closest example I can draw upon. Driving innovation within financial services for the past 233 years—ever since we were founded by Alexander Hamilton—now more than ever the vast opportunities and challenges created by digital innovation and acceleration are too great to ignore. This applies not only to the solutions and services we provide to clients and their stakeholders, but also to our operations in delivering best-in-class services.

    For project management professionals, digital disruption is upturning the approach you need to take and highlighting considerations such as - what objectives (implicit and tacit) are end users expecting to accomplish? What extra insight can I provide over competitors? What skills do I need to manage risk and uncertainty in a digital world? How do I provide a meaningful and unique experience? How do I know and measure that I am solving the right problem?

    In project management, you need to respond quickly to changes in corporate priorities and align with consumer expectations that shift constantly

    In response, you need to consider your environment, processes, platform, and people. Think about how the characteristics of disruption in other industries also apply to how you can be more effective and efficient. To start with, reconsider what it means to be truly agile. Agility is the key to adapting to digital disruption within any industry, but the question we need to ask is whether speed and flexibility are the defining traits of agility? In project management, you need to respond quickly to changes in corporate priorities and align with consumer expectations that shift constantly. Speed and flexibility will go a long way to responding quickly, but accuracy is imperative. To do this, engagement is perhaps a more important trait. At our innovation center in Singapore, we apply real agile methods and design thinking to understand and solve the client’s problem at every stage of the process and build in feedback loops at every stage to ensure we are able to generate insights that help address the questions above. To be truly agile is to engage the client at every stage of the process to offer solutions and build upon these throughout the journey.

    Next, think carefully about the processes you currently undertake and measure effectiveness as well as efficiency. Think from the viewpoint of the client, not the process, and establish the outcome you are looking for. If you can empathize and define the challenge from the user’s standpoint, you then have an opportunity to self-disrupt and give your client something innovative that addresses their unique set of needs. Within this cycle you also need to measure and validate all outcomes, the concept of validated learning and giving your teams the room to fail fast and learn can result in a more beneficial and useful outcomes.

    Lastly, rethink how your team works and how moving to a service-based culture and delivery can help create a decentralized model of working. Decompose your processes into separate services and empower the team to own their own services. Giving individuals the autonomy to respond quickly to client feedback, the power to decide how much the service costs, and how well it works can create an agile corporate culture. Leaders should provide an overview, governance, and enterprise architecture to follow, but essentially the management of the project should be fluid with a core base.

    Project management in the age of digital disruption requires a rethink of traditional processes and standards. Being agile enough to accept and adapt to change at any time will differentiate your team in the digital era.
    tag

    Financial

    Weekly Brief

    loading
    Top 10 Product Management Consulting/Services Companies - 2020
    ON THE DECK

    Product Management 2020

    I agree We use cookies on this website to enhance your user experience. By clicking any link on this page you are giving your consent for us to set cookies. More info

    Read Also

    Loading...
    Copyright © 2025 APAC CIOOutlook. All rights reserved. Registration on or use of this site constitutes acceptance of our Terms of Use and Privacy and Anti Spam Policy 

    Home |  CXO Insights |   Whitepapers |   Subscribe |   Conferences |   Sitemaps |   About us |   Advertise with us |   Editorial Policy |   Feedback Policy |  

    follow on linkedinfollow on twitter follow on rss
    This content is copyright protected

    However, if you would like to share the information in this article, you may use the link below:

    https://product-management.apacciooutlook.com/views/what-might-digital-disruption-mean-for-project-management-professionals-nwid-4431.html