The project management industry follows a range of methodologies. However, experts are confident about only a couple of them. Software developers often keep shifting strategies to achieve project goals. However, the core principles of project management revolve around two methodologies- Agile and Waterfall. In this article at Forbes, Dana Sitar and Adam Hardy share their perspectives about selecting appropriate project management techniques.
To rise above the emerging circumstances, you must adapt to and abide by project constraints, i.e., scope, time, quality, and budget. Let’s evaluate some project management methodologies to learn which one fits best in a specific situation:
Originated in the 1950s, this conventional and linear project management methodology involves five to six independent phases. Each phase depends on the outcomes of the previous two stages. To accomplish success, you must achieve each step without breaking the cycle. Plan clarity is one of the primary benefits of the waterfall methodology. It identifies project requirements from start to end and saves time. Documentation is one of the prerequisites. It outlines the necessities of the software to cover the product architecture, coding, and system integration. A significant disadvantage of the waterfall methodology is that there is no room to consider new requirements. Due to this, the project design, efficiency, and outcomes sometimes become obsolete.
Project Management Body of Knowledge (PMBOK) is the creation of the Project Management Institute (PMI). An alternative to the Waterfall approach, Agile involves project initiation, planning, implementation, observation, and closure. The PMBOK set of principles and skills is part of a PMI certification, and that is the foundation of project management.
The methodology focuses on reducing waste and producing valuable returns categorizing Muda, Mura, and Muri phases.
It defines a project overview to help managers understand the workflow. Kanban is an essential element of the lean project management methodology. It specifies ‘what’ and ‘where’ project resources are required. The Kanban board is a digital project management tool that incorporates project workflow to ensure seamless operation and project progress.
The epitome of speed and flexibility, Agile is the substitute of the Waterfall methodology. It encompasses a set of principles that offer numerous approaches. The process involves frequent team interactions, independent decision-making, and client collaboration. Agile methodology is popular among developers because it enhances productivity. It also allows periodic adjustments in the project lifecycle. The only disadvantage is the elimination of documentation which can cause chaos in large enterprises.
Furthermore, you can explore scrum, Scrumban, crystal, Extreme Programming (XP), and hybrid agile methodologies. Click on the following link to learn more about them: https://www.forbes.com/advisor/business/project-management-methodologies/