Are you managing a new project? If so, are you using project management methodologies? If not, you should be. A project management methodology is a set of processes for completing large work tasks. It often contains steps to be followed at each stage of the project. But why are project management methodologies so important? How do you select the right method for your project?
Benefits
According to Indeed and Priority Management, there are various reasons why project management methodologies should be used when completing a project.
Helps create a project timeline
A project management methodology can help you create a project timeline, which can improve the efficiency of your project.
Develop team skills
Each methodology has a unique set of requirements and instructions. This provides an opportunity for team members to develop their professional skills.
Helps consider risk
Adopting a project management methodology can help you consider the risks associated with your project.
Types of methodology
Indeed and Priority Management outline several Project Management methodologies.
Prince2
The project is split between a Project Manager and a Board of Directors. The Board provides resources, while the manager focuses on delivering the project.
Critical chain
Critical Chain focuses on timing, measuring progress and identifying priorities. To use this method, a management team begins by building a timeline.
Adaptive Project Framework
Under the adaptive project framework, you select techniques and processes from other methodologies and adapt them to suit your own project.
Critical Path Method
The critical path method focuses on evaluating the project’s priorities, potential risks and team roles. It works on the theory that one task must be completed before proceeding to the next one.
eXtreme Project Management
eXtreme Project Management is a method often used to develop new software. It is ideal for fast-paced projects that are subject to regular change.
Prism
The Prism method of project management focuses on sustainability and environmental protection.
Agile
The agile project management method involves breaking the project down into smaller tasks.
Benefits Realisation Management
This works on the theory that a project is considered complete when stakeholders have received the benefits. Managers and stakeholders work together to identify benefits.
Kanban
Under the Kanban method, tasks are written on a board and divided into three categories: to do, in progress, and done. This method emphasises project efficiency and evolution.
Waterfall
The project is completed step by step. The structure is rigid; each process phase must be completed before proceeding to the next.
Scrum
Scrum is beneficial in projects requiring teams to adapt to new processes or situations within a system. Using this method, a small team works with a product owner to develop a project plan.
Scrumban
Scrumban is a hybrid of the Kanban and Scrum methods.
Tips for choosing a methodology
Indeed and Priority Management provide tips to select the right method for your project
Include other team members
Let other team members help decide which methodology you will use.
Think about your industry and type of project
Most methodologies are particularly suited to specific industries or types of projects. For example, due to its focus on sustainability, the Prism method is suited to projects in industries that interact with the environment, such as landscaping, architecture and construction.
Consider variables
Consider the six project variables – time, cost, scope, quality, risks, benefits, and your level of control over these factors.
Review critical factors
Choose the methodology that best enables you to fulfil the project’s requirements. For example, you should consider the resources and budget of your project.
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