Modern Project Management in Indian Tech Industry - Driving Impact in the Hybrid Age

Project Management in India’s Tech Industry is going through continuous evolution and development.

Government initiatives like Make in India, Digital India, and Smart Cities as well as emergence of technologies like 5G, Low Code/ No Code, AI, ML, among others have high dependency on the Tech industry to make them successful. Multiple projects will need to be executed at a high speed to cope with the demand. And leveraging project management techniques and practices is critical for the successful execution of such large projects.

Effective project management is critical to complete projects that deliver value against the investment made within the stipulated cost and time framework.

NASSCOM’s “Modern Project Management in Indian Tech Industry - Driving Impact in the Hybrid Age” report highlights recent developments in the project management space including evolved methodologies, practices, and tool as well as insights and case studies from leading companies related to the management of tech projects and building project management tools and solutions are also shared.

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Key Findings

Project Management Methodologies

Project management has evolved from traditional waterfall to modern Agile methodologies, such as Scrum, Lean, Kanban and Extreme Programming (XP)
Modern project methodologies are focused on creating value, being more responsive, planning in a progressive manner, putting data at the core and on being highly collaborative
Modern project management methodologies are also extremely customer centric, where the customer is very involved, teams are cross functional and managers act as facilitators.

Project Management Trends

86% of organizations have one or more project management offices, up from 71% in 2016
77% of high performing projects today use project management software, with reliability, ease-of-usage, and integration being most wanted features in them
Up-to 23% higher earnings for employees with project management certifications
Skilled project managers not only have mastery over tools, but also exhibit leadership, have a problem-solving mindset and make informed decisions, along with great prioritization and communication skills

Project Management Opportunity

88% CEOs plan to increase headcount of project managers in next 3 years
33% expected growth rate in project management related jobs by 2027
21.7 mn project management jobs in in India by 2027
Project management software market growing at 13% CAGR to reach $20 Bn by 2032

Project Management Best Practices

Focus on getting the right mix of project management tools that increases customer centricity and builds adaptability- plan to move to hybrid project management methods
Drive an iterative improvement model- At the end of every sprint/project, organizations should analyze performances and reflect on how to become more effective
For beginners starting their Agile journey, start small, adapt fast and scale for new

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