Project Management Methodologies That Matter
It is hard to emphasize the importance of project management. If you have the best team, the right resources, and the appropriate time and money, but fail to use them effectively, all your investments will be a waste. This failure will result in losses in both money and market credibility. To achieve success, it is important that you follow a process. Different types of project management methodologies are available. What is Project Management Methodology? Project Management Methodology is any model that can be used to plan, design, implement, and achieve different project objectives. It is not necessary that every project uses the same model. The project manager must weigh the pros and cons of each method and choose the one that best suits the project. It’s all about finding the best way to plan, initiate and execute different projects. You can use different project management methods in any industry or sector with the same efficiency and results. What are the Different Types? Project management is not a one-size fits all approach. One type of project may work well, but it can have disastrous results for another. It is important to understand the differences between different types of methodology. The following are the most common project management methods: Traditional or Waterfall: This is the oldest type. This method has been used in many industries for decades. This model establishes the project’s lifecycle before it starts. The timelines and phases are linear. This model cannot deal with any unexpected changes or unanticipated problems during the development process. You have to start over.
Agile: This methodology is best suited for projects that require agility in their requirements. These delivery cycles are short-term and not dependent on one another for their initiation and completion. They work together almost always in sync. Agile management scenarios have a dynamic team culture, less rigid project control, and more emphasis on real-time communication. Because any issue or complex requirement can be addressed quickly, agile project management is preferred for longer and more complex projects.
PRINCE2 is a process-based approach to project management. It is based upon eight high-level processes. This method has seen a lot of popularity in recent years.
ITIL: Information Technology Infrastructure Library, or ITIL, is a collection of best practices in the industry. It covers a wide range of project management processes and strategies that start at the organizational management level. All project managers should follow these techniques and implement the ones that work best for their project.
Crystal Methods: This method follows a different approach. This methodology places greater emphasis on team communication, the overall skill of team members, and the interaction between people involved in the project. Project processes are given a lower priority in this instance. Agilecategory includes crystal methods.
Dynamic Systems Development Model (DSDM), is another method.
FDD (Feature Driven Development)
Extreme Programming (XP).
Joint Application Development (JAD).
Lean Development (LD)
Rapid Application Development (RAD).