5 Widely-used Project management techniques
1. Agile:Agile methodology is one of the most popular project management methodologies. It uses the ‘sprint approach’ where you can break a project in the form of sprints or cycles. As the word ‘agile’ means the ability to move quickly and responding swiftly to changes
Where to use: Agile is used in software development projects that involve frequent iterations and are performed by small and highly collaborative teams
2. Waterfall:This is one of the most simple and oldest project management techniques in project management. It is also referred as Software Development Life Cycle (SDLC) that focuses on making a solid plan and effective execution. The Waterfall methodology is sequential which means one task has to be completed before the next starts in the pipeline. Here, all the requirements must be defined in the beginning so that there is a proper planning and organization of a project plan.
Where to use: this technique is traditionally used for complex projects where detailed phasing is required and successful delivery depends on rigid work structuring.
PRINCE2 is an acronym for Projects In Controlled Environments. It is a project management methodology that is made up of principles and processes.
4. Scrum:Scrum is one of those methodologies that mainly focuses on improving communication, teamwork, and speed of development in a project. In Scrum methodology, a team is often led by a scrum master that is also called Subject Matter Expert (SME) making way for seamless collaboration and encourages team members to deliver results.
5. Critical Chain Methodology:The idea of Critical Chain Methodology was introduced in 1997 in Eliyahu M. Goldratt’s book, Critical Chain where he described the methodology as a method of planning and managing projects that strives to keep resources levelled. It is different from other methodologies in a way that it focuses on resources than on the method itself and makes sure that the project plan is feasible enough and completed on time.
Where to use: Critical Path technique is used for complex projects where delivery terms and deadlines are critical, in such areas as construction, defense, software development, and others.