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The Definitive Guide to Project Management Methodologies

By January 22, 2024December 30th, 2024No Comments

Some project managers use it when they’re switching from Scrum to Kanban, as it can help create a smooth transition and may allow teams to adapt. Projects in software development may benefit from implementing the Scrumban method if they often involve updates to priorities and tasks. Scrumban involves a visual board to document the execution of tasks, allowing it to adapt easily to changing goals. The agile methodology offers project teams a very dynamic way to work and collaborate and that’s why it is a very popular project management methodology for product and software development.

Project management methodologies

As with Agile, Scrum is popular in software development, but it can also be deployed successfully across marketing, design, and other creative projects. Learn more by reading our guide to implementing Scrum with the right tools. Scrum typically leads to greater responsiveness in customer relationships, project manager courses lower costs of development, increased job satisfaction, and more immediate returns. Scrum is a fluid practice that takes many moving parts, teams, and goals into consideration as the project progresses. Agile PM prioritizes a collaborative relationship between the end user and the project team.

Integrated Project Management (IPM)

It differs from the other project management methodologies on this list in that it doesn’t focus on measurable deliverables; instead, it focuses on creating lasting behavioural change. As a result, software teams began to develop a new type of project management methodology, which was designed to address their particular concerns. Once you’ve decided you want to become a project manager, the next step is to figure out which project management methodologies are right for you and your team. With approximately 8,462 project management methodologies to choose from, how do you know which one is right for you and your team? Find the best approach for your project with our handy guide to popular PM methodologies.

Current PMP holders can apply up to 18 credits toward their degrees, reducing their degree timeline by up to eight months. The online master’s in project management from Indiana Wesleyan University prepares learners to pursue career advancement and PMP certification. The private university infuses its remote MBA in project management with a Christian perspective. Learners in this two-year MS program complete nine core project management classes, an elective in either technical communication or academic research and writing, a course in managerial ethics and a capstone course. Enrollees can incorporate stackable graduate certificates into their degree paths, including credentials in artificial intelligence, healthcare analytics and nonprofit management.

PRINCE2 methodology

Founded in 1932, and online since 1995, we’ve helped countless students reach their goals with flexible, career-focused programs. Our 300-acre campus in Manchester, NH is home to over 3,000 students, and we serve over 135,000 students online. Visit our about SNHU page to learn more about our mission, accreditations, leadership team, national recognitions and awards. Another option is to build a customized method that fits the needs of your organization and projects that steals pieces of some of the distinct methods above. Though Scrum is a type of Agile project management, Scrum came before Agile. The founders of Scrum developed the framework in the early 1990s, and were among the signers of the Agile manifesto in 2001.

  • Students can enroll full time or part time, taking classes online, on campus or both.
  • Not only do the top methodologies differ in how they’re structurally organized, but they also require different deliverables, workflows, and even project management software development.
  • However, this simple methodology causes the project to be less flexible.
  • Rather, it describes an approach to Agile management with a focus on project teams, short “sprints” and daily stand-up meetings.

This method is well-suited for industries with well-defined requirements and a low tolerance for changes, such as construction and manufacturing. Projects in these industries benefit from strict control and predictability, ensuring that specifications are met and budgets are adhered to. Most project managers overlook some core factors when choosing a project management methodology for a particular project. Many organizations face a difficult time choosing the best project management methodology.

A complete project manager, a term first coined by Robert J. Graham in his simulation, has been expanded upon by Randall L. Englund and Alfonso Bucero. They describe a complete project manager as a person who embraces multiple disciplines, such as leadership, influence, negotiations, politics, change and conflict management, and humor. These are all “soft” people skills that enable project leaders to be more effective and achieve optimized, consistent results. This is a vital phase of the project for the project team to learn from experiences and apply to future projects. Normally a post implementation review consists of looking at things that went well and analyzing things that went badly on the project to come up with lessons learned.

Project management methodologies

The difference is that RUP aims to reduce development costs instead of wasteful practices. The logical flow of waterfall makes it an excellent option for short, predictable projects where you have a clear vision of the finished product and fixed project requirements that are not likely to change. It’s best suited for teams and PMs that excel at planning and documentation. The right project management methodology can elevate your project and help the project manager to get the best out of each team. Outcome mapping is a project progress measurement system that was designed by the International Development Research Centre (IDRC).

Therefore, it is essential to look at the timeline suitable for the particular project. There are 7 basic principles when you consider choosing Prince2 for your project. The team is focused on constant immurements to improve user experience. Critical chain project management is best suited when you have a tight deadline and you CANNOT afford to mess things up. It is the only methodology that takes task dependencies into account or at least, gives importance to them. This method is one of the oldest, most reliable in project management history.

Project management methodologies

The Lean methodology focuses on maximising value by reducing waste and improving efficiency. It is another method that came from Toyota and has expanded in popularity well beyond manufacturing. There’s a great free plan for small teams, and there are paid plans for budgets of all sizes. If you’d like to learn more about Jira’s plans, check out our Jira pricing guide.

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