Project Management Methodologies for Beginners

“A project is a temporary endeavor undertaken to create a unique product, service or result.” Temporary means that it has a defined start date and a deadline. Any project requires prior planning and a defined scope.

Determining the scope of a project is defining a list of its objectives, deliverables, features, tasks, schedules, and costs. The uniqueness of a project lies in the fact that it is not a routine procedure.

On the contrary, it is a short term mission that should be accomplished by a specific date and with planned measurements. Different project management methodologies are developed to adapt to the varying natures of projects. This is an explanatory article to simplify what project management methodologies mean.

What Is Project Management?
According to Investopedia “Project management involves planning and organisation of a company’s resources to move a specific task, event or duty toward completion.” It emerged in the twentieth century as a distinguishable profession which involves the application of knowledge, skills, and tools to execute a project and fulfill its requirements.

These procedures are divided into five stages: initiating, planning, executing, monitoring and controlling, and closing.

Project Management Methodologies Definition

Project management methodologies are the ways through which a team and its manager agree to plan, execute, and deliver a project. It includes the ways they will communicate, follow up, and make changes.

Methodologies also take the project’s objective, budget, and general nature into consideration. Some methodologies may suit certain projects more than others. Project management methodologies allow the management to control and monitor a project through effective decision making and problem solving.

7 Project Management Methodologies

1- The Traditional (Sequential) Methodologies: Waterfall

Waterfall is one of the traditional project management methodologies. It follows the natural sequence of execution of the stages of a project. In other words, a phase should be completely accomplished before moving on to the next one.

That is why it is known as a sequential approach. This requires the elimination of risks or any unplanned occurrences during the implementation of a project, or else the project’s delivery will be delayed. For that reason, project managers following the Waterfall methodology have to do a detailed organisation for the project beforehand.

This methodology allows the minimum capacity for sudden changes; therefore, it is convenient for projects with well-defined tasks and phases. It is best for projects with physical objects such as construction or hardware installation.

2- The Agile Family: Agile

Profiletree Video Marketing Services

Profiletree Content Marketing Services

Profiletree SEO Services

Profiletree Web Design Development/ Services

Profiletree Artificial Intelligence Services

Profiletree Digital Strategy Services

Profiletree Digital Training Services

Profiletree Social Media Marketing Services