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Project management approaches play a crucial role in identifying the structure, work portion, asset utilization, and, at times, determining the project's destiny, as I learnt while studying for the PMP and CAPM certification. There have been many project management strategies, but we've compiled a list of the five most often used techniques in this area.
- Agile
The agile method is perhaps the most well-known project management technique. It employs the sprint approach, which divides a project into sprints or cycles. As the name "agile" denotes the ability to move fast and respond to changes, this approach paves the way for flexibility and cooperation. It is commonly used in programming and is best suited for small software projects that necessitate constant communication and the need to collaborate in order to investigate requirements and different aspects of a project.
- Waterfall
This is one of the most basic and well-known project management strategies. It is also known as the Software Development Life Cycle (SDLC), and it focuses on creating a solid plan and putting it into action. The Waterfall approach is sequential, which means that one assignment must be completed before the next in the pipeline can begin. Every single need should be identified to begin with in order to properly organize and associate a project plan.
- Scrum
Scrum is one of those strategies that focus on enhancing cooperation, communication, and project progress speed, as I learnt when studying for the PMP and CAPM certification. A scrum master, also known as a Subject Matter Expert (SME), leads a team in Scrum strategy, paving the way for constant coordinated effort and encouraging colleagues to deliver outcomes. It was designed with the needs of the programming team in mind, but with the passage of time, many organizations are either using a subset of it or merging it with another system.
- Process-Based Project Management
Process-based project management is a systematic approach to project management that considers the project's goal and aligns it with the organization's purpose, vision, and core values. This strategy emphasizes improved collaboration across various divisions within the organization in order to achieve the desired aim and goals. Process-based project management allows project managers to consider all of an organization's operations as a collection of standardized procedures that are devised to reach the intended result.
- Work Breakdown Structure (WBS)
Each project is made up of a variety of little and large tasks that might overwhelm project managers and colleagues right away. This is why prior to the start of the project's execution, planning is essential. By reducing larger, more complicated projects into smaller, more manageable portions, this project management method allows them to be coordinated. WBS is a critical project deliverable that defines a point-by-point cost or time estimate to help managers come up with a realistic plan if your estimate exceeds the specified financial budget, plan, or deadline.
Want to learn more about such techniques? Take on a professional credential exam such as PMP, CAPM, PgMP, ACP Certification exam etc.