Top 10 Most Popular Project Management Methodologies

The Agile family is a category of project management methodologies that prioritizes flexibility and continuous improvement over rigid, sequential processes. There are many popular methodologies within Agile, and we’ve dug into each below. The main benefits of Waterfall are tight planning and organization, and a high degree of control over each project task and the greater project schedule. That said, using Waterfall can make it difficult to adapt to unexpected events or changes to project scope, which can result in added time, resources, and cost. Waterfall or traditional project management is based on a defined set of tasks that are completed sequentially to produce a final deliverable. How your company is organized, its culture, and its past records will have a big impact on your choice of project management methodology.

It’s really useful for total project management workflow optimization and also has great analytics and project reporting. LiquidPlanner, meanwhile, is amazing for timeframes and scheduling and has some decent Gantt chart functionality. Finally, some special shout outs go to Monday.com, Zoho Projects and Teamwork.

Project portfolio management

That’s because what we think of as agile really appeared in 2001 with the publication of the “Manifesto for Agile Software Development,” authored by 17 software developers. A project management methodology is a set of principles, values and processes that determine how a team will complete a project. It dictates factors such as level of planning, design and documentation; methods of communication within and outside of the project team; timelines; and modes of assessment. A project manager needs to understand the order of execution of a project to schedule the project correctly as well as the time necessary to accomplish each individual task within the project. A project manager is the person accountable for accomplishing the stated project objectives on behalf of the client. Project Managers tend to have multiple years’ experience in their field.

Otherwise, you’re going to have to deal with missed and moving deadlines, bank-breaking budgets, and unsatisfied stakeholders. “Product” typically refers to everything relating to the outcomes and deliverables of your project. “People” is everyone courses for project manager involved – from team members working on the project to the stakeholders who you’re completing the project for. “Process” is the “how”  of the project – how you’re going to achieve your goals and the resources you’ll need to do so.

Scrum Project Management

CCPM is a popular method that focuses on resource optimization and efficient task scheduling. It aims to ensure project completion within the specified time frame by identifying and managing the critical chain of tasks. ‎The Agile approach is ideal when a project requires frequent feedback and continuous improvement. It’s also effective when dealing with projects that have uncertain environments. It’s well-suited for software development, product launches, and where customer engagement is crucial.

It serves as a comprehensive guide to project management processes, best practices, and guidelines. Agile methodology is a flexible and iterative approach to project management. Discover the 8 best https://deveducation.com/ that can transform your approach. As part of your education or certification in project management, you’ll encounter various project management methodologies.

Waterfall Methodology: Advantages and Disadvantages

It also works great for project management for startups that work on the fail-fast mantra. The agile methodology delivers the value sooner to a customer through quick software deployments. The goal of event chain is to estimate the amount of time and resources you need to complete a project.

Critical chain project management addresses those issues by allowing a bit more time for the human elements of your project — like delays and resourcing issues. The longest sequence of critical tasks becomes your critical path, and will define the timeframe for your project. That means that using adaptive project framework methods, teams must try to anticipate the risks and prepare for the unexpected in their project. They need to understand that key components are constantly in flux, and be able to constantly re-evaluate results and decisions with these moving parts in mind. Trusted by 20,000 businesses and 6,000 agencies, Teamwork.com lets you easily manage, track, and customize multiple complex projects.

• This means each task must be completed before the next task can be started.
• Lean project management is a framework focused on maximizing value while minimizing waste.
• As this approach doesn’t place much importance on documentation, it is extremely difficult to bring new team members up to speed.
• It’s also a good option for projects where clients or stakeholders prefer to offer feedback regularly, rather than only when the final product is delivered.

The core component of the Kanban method is the Kanban board, usually a digital project management tool that includes columns for various steps in a workflow and “cards” for each project moving through the workflow. Some projects, either identical or different, can be managed as program management. Programs are collections of projects that support a common objective and set of goals. While individual projects have clearly defined and specific scope and timeline, a program’s objectives and duration are defined with a lower level of granularity.

As progress happens over a number of cycles, measuring it is much harder when compared to the waterfall approach. A methodology is defined as agile if it follows the values and principles defined in the Agile Manifesto. Rather than prescribing how a project needs to run, the agile manifesto defines the mindset on how best to manage projects. Critical chain project management uses buffers as a safety margin to ensure that all tasks are completed within the project schedule.