by 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.
So, What is project management methodologies?
Basically, it’s a framework that helps you to manage your project in the best way possible. A project management methodology is a set of principles and practices that guide you in organizing your projects to ensure their optimum performance. Project management is so important to organizations and teams, but in order for it to be really effective, you need to make sure you’re correctly mapping your project management methodology to your team type, project, organization, and goals.
How many different project management methodologies?
What works best for one type of team could be an absolute nightmare for another. For example, many software developers started to find that traditional project management methods were hindering — rather than helping — their workflows and negatively affecting their performance and results.As a result, software teams began to develop a new type of project management methodology, which was designed to address their particular concerns. And on and on, with different project management methodologies being repurposed and adapted for different industries and tweaked to fit specific use cases.
How do you choose the right project management methodology for your process?
Here’s a quick breakdown of some of the key considerations that can help you decide:
Ability to take risks: Is this a huge project with a big impact that needs to be carefully managed in order to deliver Very Serious Results? Or is it a smaller-scale project with a bit more room to play around?
Cost and budget: On a scale of $ to $$$, what sort of budget are you working with? Is there room for that to change if necessary, or is it essential that it stays within these predetermined limits?
Team size: How many people are involved? How many stakeholders? Is your team relatively compact and self-organizing, or more sprawling, with a need for more rigorous delegation?
Timeline: How much time is allotted to deliver on the brief? Do you need a quick turnaround, or is it more important that you have a beautifully finished result, no matter how long it takes?
The project management methodologies list:
1. Agile methodology
The focus began to shift to more iterative models that allowed teams to revise their project as needed during the process instead of having to wait until the end to review and amend. The agile project management methodology came from a growing dissatisfaction with the linear approach of traditional project management methodologies.
2. Scrum methodology
With Scrum, work is split into short cycles known as “sprints”, which usually last about 1-2 weeks. Furthermore, Scrum is a form of agile project management. You can think of it more like a framework than as a project management methodology in itself.
3. Waterfall methodology
The Waterfall method is a traditional approach to project management. In it, tasks and phases are completed in a linear, sequential manner, and each stage of the project must be completed before the next begins.
Also like a real waterfall, though, this can quickly get dangerous. Since everything is mapped out at the beginning, there’s a lot of room for error if expectations don’t match up with reality.
4. Kanban methodology
Kanban is great for giving everyone an immediate visual overview of where each piece of work stands at any given time.
Originating from the manufacturing industry, the term “kanban” has evolved to denote a framework in which tasks are visually represented as they progress through columns on a kanban board.
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