Project Management Methodologies

Project Management Office (PMO) is a group or department within a business or enterprise that not only defines but also maintains standards for a project in an organization. It is the application of different processes and methods with the right skills and experience in which knowledge plays the vital role to achieve goals of the project. Project management has a definite starting and ending date with limited time and scope that you cannot exceed. There are a number of methodologies used by the project manager.

Top 5 methodologies:

Agile
The agile method focuses on delivering value to your projects that are iterative and incremental. It was originally created for software development. In this, solutions evolve through the collaboration of cross-functional teams. Agile can be used for those of your projects that require flexibility and continuous delivery of products.

The four fundamental values:

  • Individuals and interactions over processes and tools
  • Working software over comprehensive documentation
  • Customer collaboration over contract negotiation
  • Responding to change over following a plan

Waterfall
The waterfall methodology is the traditional method used by a project manager for managing projects. It requires the completion of the task before starting the next one. It requires increased control for every pre-planned step. It can be very inflexible if your customer’s priorities change over time making it difficult to manage.
Scrum

This project management methodology is part of the agile framework and is based on the formation of players in the game rugby. When switching to scrum, workgroups can increase productivity. Scrum aims at developing and delivering complex products for your customers. The project manager switches teams every two weeks. It allows for a quicker way of developing and testing. It focuses on 5 values: Focus, openness, courage, commitment and respect.

Kanban
It is based on your team’s capacity to do work. The visual method delivers high quality results. It’s best for co-located project teams. It works on the six following general practices:

  • Visualization
  • Limiting work in progress
  • Flow management
  • Making explicit policies
  • Using feedback loops
  • Experimental evolution

Six Sigma
A disciplined, statistic-based project management methodology seeking to improve the quality by decreasing the number of errors in a process. The project manager aims to bring it down to as close as zero, so the process can get a rating of six sigma if more of your products are defect free. The process steps follow the acronyms DMAIC-S. It refers to Define, Measure, Analyze, Improve, Control and Synergize.

Summary

Project Management methodologies help you in improving efficiency, customer satisfaction, confidence and consistency through the most used methodologies while reducing the chances of error. The project manager assists his organization till the last while implementing the most effective methodology.

2018-08-21T14:03:02+00:00August 20th, 2018|News|