The first step to attaining the right project management methodology for the job plays a vital role in evaluating the project management methodologies and also to ensure you pick the perfect element for your next project.
Project managers assist their organizations in improving and implementing projects in the most effective and efficient dimensions to reduce risks but this necessitates lot more than just recognizing organizational priorities. By getting to the roots of understanding the actual methodology each project management can create is how each unit can wreck the individual organization’s likelihood of project success creating a positive project methodology.
The most popular project management methodologies today are briefed below:
1. Waterfall: Waterfall can be labelled as a mainstay project management sequential in nature and is used across many industries keenly in the software development. It comprises static phases with requirements such as analysis, design, testing, implementation, and maintenance that are executed in a specific order for easy management environment.
2. Agile: concepts a significantly different approach to project management which was initially developed for projects that require significant flexibility and speed. Composed of short delivery cycles, termed as sprints, Agile is best-suited for projects that require less control, real-time communication within self-motivated team settings ultimately leading to persistent management customization.
3. Critical path method: popularized as CPM is a step-by-step methodology used keenly in projects with interdependent activities with key characteristics of outlining critical and noncritical activities. Later, through calculating the “longest” and “shortest” time period we can easily determine activities that play critically and others who are not.
4. Critical chain project management: popularized as CCPM differs from CPM in which it emphasises on the usage of resources within a project instead of project activities. So, to address potential issues regarding resources, buffers are strategized to ensure the timeliness of projects provided the safety is not compromised.
Six Sigma and Scrum, event chain methodology (ECM), crystal, feature-driven development (FDD), dynamic systems development (DSDM), adaptive software development, rational unified process (RUP), lean development (LD), Prince2 are some other PMM’s popular in this field.
But always remember that there is no 100 per cent solution in all cases. Project management experience depends on the project manager’s knowledge, the pros and cons of each methodology, successfully navigating projects, ways to allow maximum potential for stakeholders and the results may vary in each circumstance.