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Jan 17, 2024 · Myriad project management methodologies are derived from two core philosophies: agile and waterfall. Here’s how they work and how to choose the right one.
- Dana Miranda
- Waterfall project management. Waterfall project management is a traditional, even “old school” approach to managing projects. It’s highly linear and hierarchical, with meticulously planned project phases cascading downward (like, say, a waterfall?)
- Agile project management. Agile project management is somewhat the antithesis of waterfall: Agile expects that the goals and scope will change, and it doesn’t mind at all.
- Scrum project management. Scrum is a tightly developed form of Agile project management that puts all work to be completed into the backlog, then selects from that backlog what should be completed over the next sprint.
- Strategic project management. Strategic project management is a growing discipline that isn’t exactly the same thing as the others on this list. It looks at the big picture, evaluating how (or whether) projects fit into an organization’s wider strategy.
- Waterfall Methodology. Waterfall project management is a traditional approach to project management where tasks are completed sequentially and linearly.
- Agile Methodology. Agile methodology is an iterative and flexible approach to project management that focuses on collaboration, adaptability, and customer satisfaction.
- Scrum Framework. Scrum is one of the most widely used agile frameworks for managing complex software development projects. It provides a structured yet flexible approach to product development.
- Kanban Methodology. Kanban is a project management methodology that visualizes workflow using boards, cards, and columns. It also limits tasks that are in progress simultaneously to prevent overloading the team and ensure a steady flow of work.
- Work Breakdown Structure (WBS) A WBS transforms big project activities into chunks of manageable tasks you and your team can easily understand and complete.
- Gantt Charts – One of the First Project Management Techniques. Gantt charts have been around for a very long time, and they’re still a great project management technique for beginners and pros alike.
- Critical Path Method (CPM) The Critical Path Method is one of project management techniques used to accurately schedule all project activities. What you’ll be actually doing is calculating the critical path – the shortest route to project completion, and arranging tasks accordingly.
- Waterfall / Linear. Waterfall is one of the oldest project management techniques. If you use this project management technique, activities and tasks will linearly flow through 5 phases
- Examples of industry classifications that can be used to define the product category. Each of these industry classifications can and should be subdividied for further granularity.
- Comparison of the product life cycle and the project life cycle. All products have a life span, called the product life cycle. A product life cycle is a series of stages that represent the evolution of a product, from the introduction stage through the growth stage, the mature stage, and the decline stage.
- Various project life cycles based on the project's characteristics. According to A Guide to the Project Management Body of Knowledge (PMBOK Guide) – Fifth Edition (Project Management Institute, 2013), project life cycles can be structured from the following three approaches (Exhibit 3) based on the unique aspects of the industry, organization, stakeholders, and characteristics of the project.
- Example of the common phases used in a software development project. Software development life cycle phases (for illustrative purposes only) include
Feb 7, 2024 · There is no one-size-fits-all approach when it comes to project management methodologies. Each one offers unique principles to take a development project from an initial plan to final execution. The main aspects to keep in mind are the size of your team and how your team prefers to work.
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Apr 1, 2024 · Set your project up for success by choosing the right project management methodology. Your choice of project management methodology defines how you manage a project. Learn about some common options (and how to choose the right one for your project).
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