A project manager supervises a group of individuals and ensures that they are collaborating to accomplish the project’s objectives within the predetermined timeframe. Typically, such information is recorded in the project documentation that is generated during the initiation phase of the development process. The principal constraints are the scope, budget, and schedule of the undertaking. Determine how you can most effectively utilize the resources at your disposal to accomplish the predetermined objectives. The types of project management will be covered in-depth in this article, along with some examples for your convenience.
Keeping note of the project management approach you employ will assist you in maintaining authority over your team and the current task. Consequently, the overall success of your organization and endeavor will increase. Regardless of the project management approach you ultimately choose, implementing this form of predefined structure can significantly enhance the efficiency of the process for both you and your team. For a better understanding of the risk of project management topic, keep reading.
Types of Project Management
Employing the same project management techniques can be advantageous for any undertaking. In general, the suitability for a specific project type depends on its scale, nature, sector, or organization. For instance, the construction industry produces buildings as structures. Additionally, a road or bridge are examples. The construction sector employs a distinct approach to undertaking projects. This field, referred to as “construction project management,” is taught in the curriculum for project managers. Here is an overview of types of project management with a detailed explanation for your better understanding.
Critical Path Method
CPM project management is responsible for cataloguing tasks that require complex procedures and establishing the interdependencies between these tasks. Through engagement in this exercise, one can isolate the most critical concern that has the potential to impede the successful completion of the project. Using CPM, teams can ascertain not only the aggregate workload required to complete a project but also the time requisite to complete individual tasks. This not only contributes to the overall project schedule but also provides the customer with a feasible project completion date.
Lean
Customer contentment and the timely completion of tasks are the two pillars upon which lean project management is built. Lean methodology enables a project manager to accomplish more with fewer resources. The primary emphasis is on fostering collaboration among individuals in order to eradicate pollution in this fashion. Also given considerable weight are the perspectives of Mura, Muda, and Muri. On the contrary to Mura’s focus on eliminating variables that contribute to inconsistent results, Muda aims to eliminate superfluous procedures and processes. Muri facilitates the elimination of superfluous duties so as to prevent employee burnout.
Scrum
Scrum is a project management methodology that incorporates concepts from the agile framework. Self-organizing teams utilizing the Scrum model may undertake difficult duties. The Scrum model is built upon five pillars: candor, respect, openness, commitment, and courage. Scrum is a methodological approach that seeks to optimize the communication, collaboration, and work velocity of team members. Through the division of a sizable undertaking into more feasible segments referred to as “sprints,” the project manager can engage in an extensive dialogue regarding the real-time status of the project.
At the conclusion of each iteration, team members present the completed work to clients for discussion and review. Prior to proceeding to the subsequent iteration, a member of the team may undertake the necessary revisions. Decreasing the amount of repeated work helps maintain the schedule and budget of a project. Each team member concentrating on a unique aspect of the project is an advantageous aspect of the scrum methodology. Without proper documentation, it could be challenging to find a suitable replacement for an employee who resigns in the middle of their employment.
Critical Chain Project Management
A comparison between the CPM and CCPM methods reveals that the latter gives precedence to time-sensitive resources such as personnel, space, and equipment. After establishing task dependencies and developing the project schedule, project managers implement this approach. By having this flexibility, project managers are able to select their personnel and equipment while adhering to a predetermined budget. Multitasking is not encouraged by this method. Instead, it emphasizes the activities that are presently of the utmost importance.
Six Sigma
Effectively eliminating errors during the development process is possible with the Six Sigma methodology, which is a quality management strategy. Identifying and eliminating the error’s root cause constitutes the first stage of this methodology. The procedure guarantees that the quality of the task and the end result will remain consistent throughout. In order to reduce the occurrence of Six Sigma errors, project managers may implement quality management techniques grounded in empirical and scientific evidence.
Prince 2 Project Management
A substantial segment of the government’s business sector employs the PRISCE2 methodology. Our objective is to maximize efficiency while minimizing errors and dangers in this endeavor. The emphasis is on details, categorizing assignments into feasible sections for independent completion. Consequently, we will not overlook anything throughout the procedure.
Prism
Prism (an acronym for “project combining sustainable model of project management”), a form of sustainable project management, enables an organization to guarantee that each project contributes positively to the environment. This benefits both the collective and society at large. Organizations that implement the PRiSM approach prioritize the subsequent dimensions: financial, environmental, human, and process/final product outcomes. Businesses have the potential to reduce the harm they inflict on both individuals and the environment by implementing this methodology in every development endeavor.
Kanban
The agile Kanban technique is one method that emphasizes the need for continuous workflow and places a premium on organization. By adhering to the prescribed process, the Kanban system partitions the project into more compact and feasible segments. This approach to project management provides considerable flexibility in determining the most effective way to manage the project while ensuring transparency and comprehensibility. Management teams access visual representations of each step via the Kanban board as the project progresses. It streamlines categorizing duties as “completed,” “pending,” and “to-be-completed.” By utilizing these Kanban boards, both the client and the project team are able to monitor the progress of the endeavor.
One benefit of implementing Kanban is that it enables teams to prioritize and plan tasks autonomously, eliminating the concern of potentially missing project deadlines. Errors may occasionally occur during the development process due to improper utilization of the board by team members. When overseeing construction projects that require continuous quality enhancement, project managers employ Kanban boards or cards.
Agile
In accordance with the agile methodology, a project is subdivided into numerous stages and iterations. The team completes each component of a project before proceeding to the next. A project will typically consist of three to five iterations. At the conclusion of each iteration, the project team performs a final review of their work and addresses any identified issues.
Agile, an approach that originated in the 1970s, aims to enhance the adaptability of an organization. Distinguishing characteristics of this methodology include the completion of individual projects through brief iterations known as “sprints.” The iterative nature of each sprint provides ample opportunity for teams to rapidly improve their performance.
Waterfall
Its foundation lies in a sequential progression of actions and is therefore a defunct approach to project management. The waterfall paradigm exemplifies this methodology. Prior to commencing work, the project manager must first prioritize the compilation of a comprehensive inventory of all project specifications and requirements. This strategy is analogous to a cascade. Consider project phases: To advance to the subsequent phase, a team member must complete the preceding one. This method places substantial emphasis on record-keeping. There are various types of project management methodologies.
In the event that an employee resigns during the course of their employment, the primary purpose of documentation is to ensure that the newly hired individual can commence work immediately upon reviewing the documentation. One of the advantages of a waterfall approach is that all team members are cognizant of their respective responsibilities. This approach has the significant drawback that the client is unable to observe the project’s development until its conclusion. In the context of short-term projects governed by stringent regulations, such as those pertaining to governmental or military organizations, the waterfall methodology is commonly preferred by project managers.
FAQ
What is the most Challenging Task in Project Management?
Scope creep is the worst dread of every project manager. It can be extremely difficult to collaborate with individuals whose objectives are ambiguous or who are unsure of their own desires. Undoubtedly, this may give rise to severe hazards that have the potential to impact the entire undertaking. A primary objective of educational management is to guarantee that students attain improved outcomes and higher-quality education. Implementing novel approaches to problem-solving, conducting comprehensive evaluations of existing programs, and initiating fresh initiatives are all essential measures in this trajectory.
Is Project Management a Soft or Hard Skill?
In the presence of a project manager, operations operate more efficiently. Time management, budgeting, and strategic planning are a few of the practical competencies that project managers acquire and, frequently, certify in. This serves as the justification for the current state of affairs. Your current task is impossible to complete without this instrument.
What are the Barriers to Project Management?
The organizational chart, structure, and objectives of the team are not well understood or defined. The initiative appears to lack sufficient support and confidence from both upper management and the project managers. The team members exhibited insufficient levels of dedication.
Final Remarks
As it ensures projects are completed on schedule, within budget, and within the parameters of their intended scope, project management is an indispensable element of any organization. Traditional, agile, scrum, waterfall, and lean processes represent a mere subset of the manifold methodologies that comprise project management. From a variety of alternatives, enterprises may select the one that best meets their requirements. In conclusion, the topic of types of project management is complex and has a huge impact on many people.
