How To Choose a Project Management Methodology

Project planning involves developing a detailed roadmap, outlining the resources required, and establishing a timeline for completion. A well-planned project can help ensure that the project is completed on time, within budget, and meets the intended objectives. It also helps to identify and manage risks that may arise during the project’s lifecycle. The goal of event chain is to estimate the amount of time and resources you need to complete a project. This method follows some of the same steps as the critical path method — you also break down activities into smaller tasks and outline their dependencies and durations. But, in event chain, you do so to create a realistic timeline and budget, rather than to simply better manage the tasks (and task order).

Learn more about the steps and advantages of the method with our beginner’s guide to the CPM. Based on what he had seen in supermarkets, Toyota engineer Taiichi Ohno implemented a supply-and-demand method on the factory floor, which greatly improved the company’s inventory management. There has to be no hindrance when communicating the details of the project with the team as well as the other stakeholders. Once task-1 is completed, it is transferred to the next task without any hassle until the end. If it helps, have these questions to yourself before picking one – How much time is allotted for each task?

Compare the Projects

Waterfall project management is ideal for projects with a single, large deliverable, like a building. While it’s less useful for projects that require a lot of flexibility, are subject to change, or require multiple, dependent tasks to be completed in tandem, like software development. The organization has to take the time and the energy to know the new forms of project management methodologies. This might conclusively help their team to satisfy the clients according to the quality standard, cost, and benefits. Most project managers overlook some core factors when choosing a project management methodology for a particular project. The project management methodology that typically requires the team to complete the previous phase before the next phase starts is the “Waterfall” methodology.

8 best practices for managing large it projects

The goal with PRiSM is to complete tasks while reducing a company’s negative environmental and social impact. The underlying idea behind event chain methodology is that potential risks often lie outside the project’s scope. It’s essential to prepare for these risks and plan your response since unexpected events will impact your project’s schedule, deliverables, and potentially its success. Today, this visual approach to managing a project is well-suited to work that requires steady output. Project objectives are made clear by the customer (internal or external), while the final deliverable can change as the project progresses.

Why do project managers use project management methodologies?

It differs from the other project management methodologies on this list in that it doesn’t focus on measurable deliverables; instead, it focuses on creating lasting behavioural change. The eXtreme Programming (XP) methodology is another form of agile project management that was designed for software development. As a result, software teams began to develop a new type of project management methodology, which was designed to address their particular concerns. For example, many software developers started to find that traditional project management methods were hindering — rather than helping — their workflows and negatively affecting their performance and results.

In PRINCE2, a structured project board is in charge of high-level activities such as setting the business justification and resource allocation. A project manager takes care of the lower level, day-to-day activities like scheduling. This methodology gives teams greater control of resources and the ability to mitigate risk effectively. Critical chain project management takes the critical path method one step further. CCPM is a methodology that focuses on the resources needed to complete the project’s tasks by adding resource availability to the critical path.

Selecting the proper project administration methodology

If one of the main methodologies does not fit your needs, there are other options available to utilize for your project. In the end, the most important factor is selecting a method that is best-suited for the project at hand and the abilities of your team. With that information in hand, you can then compare it to the different methodologies to see which might be the best fit. One thing to keep in mind is that you don’t have to apply only a single methodology.

By following a structured project selection process, organizations can ensure that they invest their resources in projects that have the highest potential for success and deliver the most value to stakeholders. The PMBOK Guide provides project managers with guidelines and best practices, defining everything from the project life cycle to project management strategies and concepts. The PMBOK Guide details the various project management processes that interact and overlap throughout a project’s life cycle. This way, if you need to make changes to the project schedule, you can optimize your team’s work process without delaying the results. Agile is a broader project management philosophy that emphasizes flexibility, collaboration, and customer feedback, while Scrum is a specific Agile framework.

What project management methodology allows some of the phases and tasks to overlap?

Taking the time to understand and implement project management methodologies that best fit your organization’s strategic initiatives can result in improved business outcomes. The Rapid Application Development (RAD) methodology uses a structured prototyping process to continually identify and refine a project’s ideal parameters. RAD is consumer-focused and uses ongoing data collection to improve a project’s user interface on a fast timeline. Software developers initially came up with the concept of Agile project management, a methodology based on prioritizing individual needs, responsiveness and collaboration over structure and planning. Instead of identifying the long-term end goal of a project, Agile identifies smaller deliverables and updates team objectives as each one is completed.

When reduced to its most basic form, a methodology is a set of “rules of the road” for completing a project. Continuing with this analogy, a methodology provides the means for a team to navigate the strategic “road” efficiently, safely, and with visibility on each other’s progress. Whether your team members prefer a visual process like Kanban or a more traditional project management approach like the waterfall method, there’s an option for every type of team. To take a project management methodology one step further, consider a work management tool to better track and execute development projects. The project selection process involves evaluating potential projects to determine which ones are in the organization’s best interest.

This methodology is very intuitive and allows a team lead to easily control a project through sequential progress, but it also limits innovation from team members. Risk management is the key differentiator for the waterfall methodology given its linear and controlled approach. Although this methodology is less common today, it is still favored by government entities and industries that emphasize regulatory compliance and design control.

Selecting the proper project administration methodology

Waterfall is a traditional, linear, and sequential approach to project management. In a Waterfall project, each phase must be completed in its entirety before the next phase can begin. Rapid application development (RAD) is a type of agile project management methodology that aims to facilitate faster software development. It’s a common project management methodology used in charitable projects in developing countries. As a project management methodology, it’s less about the project itself than the long-term impact of the project and its ability to effect change in the community. As a result, it measures influence rather than other (perhaps more “typical”) measures of project progress.

The project management methodology is a practice or technique that guides you to manage and deliver your project successfully. It outlines how to take on a project and how to execute the step-by-step instructions of completing it. And to mention, it restricts the project life cycle to properly structured steps. In this article, you’ll get to learn about the most popular project management methodologies, tools for efficient project management, a suitable method for remote project management, and much more. Many organizations face a difficult time choosing the best project management methodology. There are numerous project management methodologies, with dozens of well-known approaches like Waterfall, Agile, Scrum, PRINCE2, Kanban, Lean, and Six Sigma, among others.

  • Their iterative nature allows for gradual progress and the ability to adapt to evolving needs.
  • A 2017 project management survey by KPMG showed that 80% of organizations are using more than one project management methodology in a hybrid approach.
  • Make a list of the different project management methodologies that fit within your available resources.
  • Now that you’ve been introduced to the various methodologies, the next step is to understand each phase of the project life cycle, so you can start planning your project from start to finish.
  • Whether or not to use Kanban to visualize work is a case-by-case decision, depending on the toolset the team selects (Jira, Azure DevOps, etc.) and the working style of the team.

For the adaptive methodology to be successful, team members, customers and stakeholders must communicate effectively. The field of project management continues to evolve, but there are a few tried-and-true frameworks people come back to when it’s time to select a PMM. Determine whether the methodology can be scaled to accommodate larger or multiple concurrent projects. Some methods are well-suited for smaller projects or specific workflows, such as Kanban or Lean, while others, such as PRINCE2 or PMBOK, are designed for larger, more complex initiatives. An Agile methodology may be preferred if your organisation thrives in an environment that encourages innovation and adaptation.

Selecting the proper project administration methodology

In Agile, each development feature is called a user story, which reflects how the end user will interact with it. In Agile project management, teams complete smaller, incremental tasks, and then continually review, refine, and iterate based on feedback and demands of the end users. To maximize productivity and speed up your project turnaround time, you must choose a project management method that works best for the remote work culture.