Introduction
A project management methodology is a way to assist project managers in guiding their teams, managing tasks, and fostering effective collaboration among team members. It comprises of a collection of principles, tools, and techniques designed to plan, execute, and oversee these projects. In this blog, we will take a look at the main methodologies in project management across the world and explore the best ways to learn these approaches in the field.
6 Key Methodologies in Project Management
- Agile model
Agile project management is a methodology emphasises on ongoing collaboration and iterative progress. It operates on the principle that a project can be continually refined throughout its lifecycle and can swiftly adapt to changes.
- Waterfall model
The waterfall methodology is a project management approach that emphasises a linear progression from beginning to end of a project. It is often used by engineers that rely on careful planning, detailed documentation, and consecutive execution.
- Critical Path Method (CPM)
The Critical Path Method serves two primary functions, identifying the essential tasks in a project that significantly impact its duration and helping project managers to create an efficient schedule ensuring the project is completed on time and within budget.
- Scrum
Scrum is an agile methodology used to guide teams through the iterative and incremental delivery of a product. Often described as “an agile project management framework,”. Scrum emphasises an empirical process that enables teams to quickly, efficiently, and effectively adapt to changes.
- Hybrid Approach
A hybrid approach leverages the flexibility of Agile with the structured planning of Waterfall, providing a balanced framework conducive to manage modern, complex projects.
- Lean Six Sigma Methodology
Lean Six Sigma is a process improvement methodology to eliminate the inefficiencies in the organisation’s workflow by identifying the causes of waste or redundancy and developing solutions to address them. It is a fact-based, data-driven philosophy of improvement that values defect prevention over defect detection.
Learn More About the Future of Project Management
Project Management methodologies are used by project managers to manage the projects in a structured manner. Any methodologies can be utilised as per the project’s requirements, complexities and organisational culture.
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