Project managers have many responsibilities. Knowing some of the project management methodologies can be helpful in this scenario.
However, there are so many methodologies to choose from that it can sometimes become overwhelming, regardless of your experience. So, this article will cover the 9 best project management methodologies of which every project manager should have a basic idea.
The first and most common methodology we have for you is the waterfall methodology. It is common because it is a traditional system that companies have used for a long time. This methodology follows a linear sequence of steps to reach the project completion stage. You must complete a stage before a new one begins. Here are the steps of the project management methodology in chronological order:
- Deployment and maintenance
Like a waterfall, the progression of this methodology flows smoothly from one step to the next. However, things can also go wrong very easily as there is still plenty of room for error. Just like you cannot swim against a waterfall, you cannot go back to the previous step of this methodology even if an error is spotted. If the end goal of the project is clearly defined, this can prove to be one of the best project management methodologies, but proceed with caution.
Over time, there were a lot of flaws that project managers started noticing in the waterfall methodology. This dissatisfaction led to the creation of a new agile methodology. This method originated when there was a need for some sort of methodology where one could go back and correct mistakes, if any.
The agile project management methodology is fast, collaborative, and open to change, primarily data-driven. This process involves work that is phased out and conducted over a period of time with frequent reassessments to avoid mistakes. Backlogs are assigned to project members and the project manager just has to keep track of them.
Another on the list of best project management methodologies is the Scrum methodology, a form of agile project management. It’s like a framework where work is divided into 1-2 week cycles, and these short cycles are called sprints. A backlog is created and team members are required to follow it to learn more about their work.
There is a scrum master assigned to small teams for cycles. Once the cycle is complete, the work is reviewed, evaluated and passed on to the next cycle. If you are looking for constant improvement, you must try this method. It has proven to be an effective project management methodology over the years.
In the agile project management methodology, there is yet another: the kanban methodology. Here’s how it works – there is a kanban board on which the different tasks are visually represented. Then, depending on the capacity of the team, the tasks are selected from the backlog and completed. There are columns on the kanban board, and each of these columns represents a stage. Once the tasks in a column have been completed and reviewed, it’s time to move on to the next step.
Imagine if Scrum and Kanban had a baby. That’s what the scrumban methodology is – a combination of the two. It takes the best of both worlds and delivers effective results. It derives from the Kanban methodology, the method of extracting tasks from the backlog according to the capacity of the team. It also incorporates the concept of sprint cycles from the Scrum methodology. As a result, you can maintain a continuous workflow with both project management methodologies combined.
Again, a sub-methodology under agile, the XP methodology, was specifically designed for software development. This methodology emphasizes teamwork between a series of people, including managers, developers, and customers. Teams must follow a defined set of rules and regulations based on five important values: face-to-face communication, simplicity, feedback, courage and respect.
If you are looking for a project management methodology suitable for a small team, we suggest the XP methodology.
The basic premise of the APF methodology is that a change of mindset in project management is inevitable and therefore there should be a pattern that responds to it. Even some of the best planned and executed projects can have flaws and errors. Once identified, this methodology allows you to rectify errors quickly.
Going forward, teams should expect the worst and take the necessary risks as there is a chance of taking a few steps back. Teams must also be prepared to constantly review and re-evaluate results to minimize errors as much as possible. The process requires a lot of good communication between all the stakeholders of the particular project.
Originating from the Toyota Production System, the Lean methodology is based on Lean principles to reduce waste and maximize value. It not only aims to minimize physical waste, but also wasteful practices that waste resources and time for the business. These wasteful practices are mentioned below.
- Muda (waste) results in a high use of resources but without much value for the customer.
- Mura (inequality) occurs when too much attention is given to one section while the others remain denied. This again leads to waste of resources and no fruitful results.
- Matured (overload) occurs when too much pressure is created on resources such as people and equipment, resulting in a complete management breakdown.
These unnecessary practices can be drastically reduced with the lean project management methodology.
Last on this list of best project management methodologies is the critical path methodology that allows team members to schedule tasks based on the degree of importance. All you have to do is identify the tasks you need to complete to achieve specific goals. Then you need to get a rough estimate of how much time might be needed for each task and finally use the information to create the critical path. You can set milestones, and once you hit them, you’ll get closer to your goal.
Project management methodologies are a beneficial system to ensure that the team easily manages all the tasks at hand. It is an ideal way for project managers to control and supervise the team. This not only saves time, but also ensures maximum production in every industry. But, of course, you can still use Cleverly, Clovine to handle all tasks efficiently.
We hope this article has been successful in educating you about the different project management methodologies available.