When a project is carried out systematically,then there are more chances of its success.
For the systematic execution, there are alreadymany project management methods available for Project Managers.
But which method is best for your project? To answer this question, the first step isto know about the different options which are at your disposal.
Therefore, in this video, we are going topresent you with top project management methods, techniques, and frameworks which are followedin different industries, so that you can evaluate and choose the option which is best suitedfor your project.
So let’s begin- AgileAgile methodology is best suited for projects which require extreme flexibility and speed.
It focuses less on documentation and moreon customer satisfaction.
Agile Methodology is good for products witha faster release cycle.
ScrumScrum framework has an iterative project management style.
It follows the principles which are followedin Agile methodologies.
In Scrum, the work is done in sessions whichare also known as “Sprints”.
Here, the Scrum Master facilitates processesinstead of a project manager.
WaterfallWaterfall Methodology is based on traditional methods.
It is mainly focused on following the processes.
In this methodology, a lot of emphases isgiven on the documentation of the project.
Critical Path MethodThe Critical Path Method is a step by step method.
It is best for projects with interdependenttasks.
It emphasizes measuring and prioritizing tasks.
PERT (Program Evaluation and Review Technique)PERT is commonly used along with the Critical Path Method.
It is suited for businesses which are planningfor expansion.
PERT emphasizes measuring progress to createrealistic timelines and budgets Critical ChainCritical Chain is More advanced than CPM and PERT.
In the Critical Chain Method, goals are createdaccording to constraints and there is more focus on cost saving and benefits Extreme Project ManagementExtreme focuses on reduction in total time of each repetitive cycle.
It organizes these cycles into daily or weeklyprocesses.
Extreme focuses on timely delivery of thefinal product.
Six SigmaSix Sigma was Originated at Motorola in the early 1980’s.
It is data-driven Project Management.
It focuses on waste reduction, process improvement,and profit increment.
Joint Application DevelopmentIn Joint Application Development involvement of client is from a very early stage.
Team and client both collaborate freely.
Sessions for client contribution are heldthroughout the project lifecycle.
So those were the top project management methodologies and frameworks.
We hope that you understood each of them withthe help of our video.
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