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Top 10 Project Management Methods, Approaches, and Techniques

The goal of any business is to seek self-sufficient growth and so are the IT businesses. With the increasing technical needs, the IT industry is focusing on improvement for all type of internal processes such as – project management, strategic planning, and implementation of resources. The backbone of an IT business is ‘project’.From business objectives to resource planning, roadmaps to budget allocation – the whole team focuses on everything related to their project. Project managers and business analysts try day and night to find successful project methodologies.In this post, we have tried to put forward How to pick Project Management Methods for successLet’s get started –1.Agile It is most widely used, highly flexible, and value-centered methodology. The project manager sets milestones to divide the project and ask client feedback on every milestone delivery. The changes can be made as per the client’s requirement. The milestones are called sprints which means short delivery cycles. In-house development teams are fond of this methodology because of its transparency, flexibility, and real-time communication.2.Scrum This methodology is based on the Agile framework, as it uses sprints, the objective of scrum approach is to deliver the project in a shorter time because it deals with the proper planning and requirement analysis at the very beginning of the project, which reduces the chance of changes and delay. Agile needs a lot of communication and feedback with the client side. In fact, it’s a development by two sides (development team and client).3.Waterfall  Waterfall methodology is more like a traditional approach as it consists of fixed stages – idea – design- implementation- testing- maintenance. The linear approach is somehow lengthy but good for many industries. The project stages of waterfall methodology are performed one by one sequentially after successful completion of the previous stage. Each step is reviewed and verified thoroughly to proceed to another step. It’s a self-explanatory approach.4.Kanban This methodology is based on stage and passing the task concept. The project manager defines the stages for the team members according to their efficiency. When the team members complete their duties, they mark it done and forward to the next stage to another member. Visual cards are utilized to denote task completion. You can visualize the workflow efficiency and know the area of improvements.5.PERT PERT is a short name for Project Evaluation Review Technique. Many development firms and manufacturing companies follow this approach. Time is a vital element in this method. Every task is identified with the required time limit and then needs to be completed within a set time frame. It helps the project manager to analyse the required budget after time and resource estimation.6.PRINCE2PRINCE is an acronym for Projects IN Controlled Environments. It was developed in 1980 and after getting updated in 1996, it is called as PRINCE2. Previously, government sectors were using this methodology and later on private sectors also adopted it. It emphasizes clear step planning, business scope, cost analysis, and risk mitigation. The core business plan is broken into small plans to achieve speed and efficiency in the tasks.7.Extreme Programming (XP)This methodology shares some traits with the Agile methodology as it is also working on short cycle delivery of the projects. The cycles are organized and defined daily or weekly as per the requirements. It overall improves the quality of process and project and reduces the time. The aim of utilizing this method is to bring the client satisfaction which helps the sustainable growth of any organization.8.AdaptiveWell-understood by its name, the Adaptive methodology is a solution to the problems faced in traditional methodologies. It is hard to analyze all the requirements at the beginning of the project. As the project starts and comes into different phases, some of its requirement changes. Traditional approaches do not allow us to implement new changes in the midway of the project. The adaptive framework allows adopting as much as the changes continuously throughout the process.9.CrystalThis approach is a family of all approach which strongly focuses on the communication between team members to create the most optimized project solution. According to crystal methodology, team communication is a necessary aspect and one should follow it to focus on skill sets rather than tools. Projects are unique and have unique requirements too, so why not we use unique minds in development.10.Critical chainA Critical chain is a combination of PERT and critical path methodology. It uses rigidness of PERT and task order from critical path approach. Project managers use planning methods to assign goals and resources to execute the tasks which makes it faster by 10% to 50% than other traditional approaches. Final NoteEvery business must adopt popular project management methodologies by analyzing their project requirements and resource availability. All these methodologies help us to simplify our tasks and provides a smooth workflow to achieve business goals.Hope you liked the post. Do share your views in the comment section. Also, let us know about your favorite methodology. All the best!!
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Top 10 Project Management Methods, Approaches, and Techniques

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  • by Ashley Marsh
  • 20th Dec, 2018
  • Last updated on 27th Feb, 2019
  • 12 mins read
Top 10 Project Management Methods, Approaches, and Techniques

The goal of any business is to seek self-sufficient growth and so are the IT businesses. With the increasing technical needs, the IT industry is focusing on improvement for all type of internal processes such as – project management, strategic planning, and implementation of resources. The backbone of an IT business is ‘project’.

From business objectives to resource planning, roadmaps to budget allocation – the whole team focuses on everything related to their project. Project managers and business analysts try day and night to find successful project methodologies.

In this post, we have tried to put forward How to pick Project Management Methods for success

Let’s get started –

1.Agile 

It is most widely used, highly flexible, and value-centered methodology. The project manager sets milestones to divide the project and ask client feedback on every milestone delivery. The changes can be made as per the client’s requirement. The milestones are called sprints which means short delivery cycles. In-house development teams are fond of this methodology because of its transparency, flexibility, and real-time communication.

2.Scrum 

This methodology is based on the Agile framework, as it uses sprints, the objective of scrum approach is to deliver the project in a shorter time because it deals with the proper planning and requirement analysis at the very beginning of the project, which reduces the chance of changes and delay. Agile needs a lot of communication and feedback with the client side. In fact, it’s a development by two sides (development team and client).

3.Waterfall 

Waterfall

 

Waterfall methodology is more like a traditional approach as it consists of fixed stages – idea – design- implementation- testing- maintenance. The linear approach is somehow lengthy but good for many industries. The project stages of waterfall methodology are performed one by one sequentially after successful completion of the previous stage. Each step is reviewed and verified thoroughly to proceed to another step. It’s a self-explanatory approach.

4.Kanban 

This methodology is based on stage and passing the task concept. The project manager defines the stages for the team members according to their efficiency. When the team members complete their duties, they mark it done and forward to the next stage to another member. Visual cards are utilized to denote task completion. You can visualize the workflow efficiency and know the area of improvements.

5.PERT 

PERT is a short name for Project Evaluation Review Technique. Many development firms and manufacturing companies follow this approach. Time is a vital element in this method. Every task is identified with the required time limit and then needs to be completed within a set time frame. It helps the project manager to analyse the required budget after time and resource estimation.

6.PRINCE2

PRINCE is an acronym for Projects IN Controlled Environments. It was developed in 1980 and after getting updated in 1996, it is called as PRINCE2. Previously, government sectors were using this methodology and later on private sectors also adopted it. It emphasizes clear step planning, business scope, cost analysis, and risk mitigation. The core business plan is broken into small plans to achieve speed and efficiency in the tasks.

7.Extreme Programming (XP)

Extreme programming


This methodology shares some traits with the Agile methodology as it is also working on short cycle delivery of the projects. The cycles are organized and defined daily or weekly as per the requirements. It overall improves the quality of process and project and reduces the time. The aim of utilizing this method is to bring the client satisfaction which helps the sustainable growth of any organization.

8.Adaptive

Well-understood by its name, the Adaptive methodology is a solution to the problems faced in traditional methodologies. It is hard to analyze all the requirements at the beginning of the project. As the project starts and comes into different phases, some of its requirement changes. Traditional approaches do not allow us to implement new changes in the midway of the project. The adaptive framework allows adopting as much as the changes continuously throughout the process.

9.Crystal

This approach is a family of all approach which strongly focuses on the communication between team members to create the most optimized project solution. According to crystal methodology, team communication is a necessary aspect and one should follow it to focus on skill sets rather than tools. Projects are unique and have unique requirements too, so why not we use unique minds in development.

10.Critical chain

A Critical chain is a combination of PERT and critical path methodology. It uses rigidness of PERT and task order from critical path approach. Project managers use planning methods to assign goals and resources to execute the tasks which makes it faster by 10% to 50% than other traditional approaches. 



Final Note

Every business must adopt popular project management methodologies by analyzing their project requirements and resource availability. All these methodologies help us to simplify our tasks and provides a smooth workflow to achieve business goals.

Hope you liked the post. Do share your views in the comment section. Also, let us know about your favorite methodology. All the best!!

Ashley

Ashley Marsh

Blog Author

Ashley Marsh is a Senior- Content Writer at Maan Softwares Inc.  She has been with this company for past four years. She is specialized in the technical writing genre especially in mobile development, web design, and, latest technologies. According to her, it has been a great exposure for her as each day the technology is updating itself resulting in new ideas that keep her fresh daily.

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Do you meet the eligibility criteria to sit for the upcoming PMP® certification exam? If yes, then you should begin your PMP® application process as soon as possible. As you have begun preparing for the PMP® exam, you must have got to know by now that the application process for PMP® exam seems to be very overwhelming. If you are yet to complete the training and gain the required contact hours to qualify the standards set by PMI then you should do it before you go ahead with the application process.It will be a relief for you to know that the application filing process for the PMP® exam is pretty straightforward, although, you might take some time to collect a few of the required information. You can choose between either online or filling a printable form to begin your application process. If you opt for the offline version then you need to send the form via courier, whereas, the online version is an instantaneous process.6 steps to fill your PMP® application formThe online form is the simplest and easiest way to begin the application process for your PMP® certification journey. The following steps are surely going to simplify your efforts while filling up your PMP® application form:1. Create a free account at PMI.orgThe PMP® certification exam application process begins with creating a free PMI account. Follow these steps to create your account:Click on ‘Login/Register’ at the top right corner once you go to http://www.pmi.org/.Click on ‘CREATE ACCOUNT’ and follow the on-screen instructions for creating your account.Then you need to wait for the follow-up mail to arrive in order to confirm your registration and then log in to your account.2. 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Application completeness reviewThe Project Management Institute (PMI) uses email as a means to communicate all the information regarding your application status. It takes around 5 to 7 working days for PMI to complete reviewing your application once you submit it.4. Paying the examination feeOnce your application is reviewed and accepted, you receive a confirmation email from PMI. You will also be asked to make the payment for the PMP® certification exam. You need to pay $555 as an exam fee for your PMP® certification exam, but you can bring down this cost to $405 by becoming a PMI member.5. PMP® AuditA crucial stage for every PMP® aspirant is to make through the PMP® audit. However, PMI picks a small set of applicants randomly for the audit. This stage is followed by the submission of your PMP® application. 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PMI  offers the following three types of membership:1. Individual Membership:Individual membership is available at an initial cost of $129 plus a $10 registration fee. Once a member, annual membership renewal costs $129.2. Student Membership:Student membership is available for current students with valid identification. The initial cost of student membership is $32 plus a registration fee of $10. Annual renewals costs $32.3. Retiree membership:Did you retire from active employment? If you were a PMI member for at least five consecutive years, you can still continue your PMI membership by paying a renewal fee of $65 per year.10 Benefits of having a PMI  membershipAs some may question the value of PMI  membership, one would surely like to ensure the worth of the fee which you pay to become a PMI member. As a PMP® certification  aspirant, you can reap great benefits from your PMI membership.You can access your membership benefits by logging in to pmi.org and click on the myPMI tab. Once you click on the ‘dashboard’ link, you will find a ‘Knowledge Resources’ section in the right-hand column. You just need to select PMI  publications and access the online version of the PMI standards.Some of the benefits of PMI  membership are:1. PMP® Certification Exam Fees SavingsPMI members qualify for the members pricing of the PMP® exam feels at a cost of $405. The cost for non-members is $555. Taking into consideration the PMI membership costs of $139, you will be looking at savings in the exam fees in addition to the other benefits of the membership.2. Free Access to PMI Standards and PublicationsAs a PMI member, you get access to electronic copies of all standards published by PMI . As a member, you can download an electronic copy (PDF) of these resources from the Library of PMI Global Standards. If you are a PMP® certification aspirant then you can download a free copy of the latest edition of PMBOK® Guide which is an essential document for your PMP® certification journey.The standards published by PMI  include:    A. Foundation StandardsA Guide to the Project Management Body of Knowledge PMBOK® Guide - Latest EditionThe Standard for Portfolio Management - Third EditionOrganizational Project Management Maturity Model (OPM3®) - Third EditionThe Standard for Project Management - Third Edition.    B. Practice Standards and FrameworksPractice Standard for Earned Value Management - Second EditionPractice Standard for Work Breakdown Structures - Second EditionPractice Standard for Project Risk ManagementPractice Standard for Project Configuration ManagementPractice Standard for Scheduling - Second EditionPractice Standard for Competency Development Framework - Second EditionPractice Standard for Project Estimating.    C. PMI Standards ExtensionGovernment Extension to the PMBOK® Guide Third EditionSoftware Extension to the PMBOK® Guide Fifth EditionConstruction Extension to the PMBOK® Guide Third Edition.3. Access to Various Research PapersBeing an honored member of PMI, you get free access to numerous research papers published by PMI. Moreover, you can avail the paid papers at discounted rates.4. PMI MarketplacePMI  Marketplace gives you access to numerous project management related books and hard copies of all PMI  standards which you can buy at a discounted price.5. Career Central and HeadquartersAs a PMI member, you get access to a vast collection of resources under Career Central and Career Headquarter of PMI  for your career growth. These resources provide you guidance from building your resume to acquiring new skills and keeping yourself updated on the latest trends. You can also submit your resume here and search for jobs.6. PM Network and PMI TodayAs a PMI member, you are entitled to receive free monthly copies of PM Network and PMI today, magazines published by PMI. These magazines are either delivered to your doorstep or you can receive them in the form of email for free.Update yourself with the latest happenings on the world of project management and across the PMI  local chapters with these magazines. You can increase your knowledge with the interviews, case studies, and in-depth articles available in these magazines.7. Project Management JournalProject Management Journal is a research journal published by PMI. You are entitled to get a copy of the journal as a PMI  member. It gets published five times a year and will help you to get a clear understanding of program, project, and portfolio management.8. PMI Chapter MeetingsOnce you join the local PMI chapter and acquire the PMI  membership, you get an opportunity to participate in every local chapter meeting at discounted prices or sometimes it’s free.9. NetworkingOne of the most amazing benefits that you can avail as a PMI  member is networking. As a PMI member, you can avail the opportunity to connect with professionals through Communities of Practice or in PMI  chapter meetings. These events give you a great opportunity to learn by connecting with professionals.These connections will surely help you to prepare for your PMP® certification exam or this can help you to land up in a good job.10. Free PDUsPMI  membership can give you an opportunity to earn unlimited numbers of Category-A PDUs by watching free webinars. Moreover, these will be automatically reported to PMI and you don’t have to report these to PMI by yourself.PMI Local ChaptersDo you know your nearest PMI Local Chapter? Join your nearest PMI Local Chapter and take advantage of the knowledge and networking available over there. These Chapters are spread across the world and can be segregated in zones. The zones are:Asia PacificEurope, Middle East, AfricaLatin AmericaNorth AmericaThe Continuing Certification Requirements (CCR)The Continuing Certification Requirements (CCR) program of PMI supports your ongoing professional and educational development so that you can always be prepared to meet the demands of today’s complex business environment. The purpose of the CCR program are as follows:Promote continuous learning and development among the certification holdersEnsure the relevancy of certified practitioners by providing direction in the development areasRecognise and encourage individualised learning opportunitiesSustain the value of PMI  credentials and global recognitionIf you hold a PMI certification then it is compulsory for you to maintain your certification by participating in the CCR program in order to renew your certification every 3 years. You need to earn Professional Development Units (PDUs) by taking part in various professional development and learning activities in order to fulfill the continuing certification requirements.How can you earn PDUs to meet the CCR requirements?You should maintain your PMI certification once you get one. The PDUs required to maintain your certification by meeting the CCR requirements can be earned through various professional development activities that center one of the following areas:   1. Education: It can be defined as learning opportunities which allow you to enhance and expand your leadership, strategic, or technical           and business management skills.   2. Giving back to the profession: It can be defined as a set of activities that enable you to share and utilise your skills and knowledge in         order to contribute and help to build the profession.The PDU distribution for both categories in order to meet the CCR requirements for your PMP® certification are as follows:CategoriesPDUs you can earnEducation35Giving back to the profession25There are many ways to earn PDUs under both categories. You can choose from a plethora of development activities which are conducted for you to meet your CCR requirement. The activities are as follows:EducationCourse or trainingOrganisation meetingOnline or Digital mediaReadingInformal learningGiving back to the professionWork as a PractitionerCreate contentGiving presentationsSharing knowledgeVolunteeringPMI Membership Cycle and RenewalOne of the common queries that prevail among people is that how long is the PMI membership cycle. Your PMI  membership is valid for one year from the date of your membership activation. You can track your membership status in your myPMI profile on PMI.org and can renew the same as soon as 90 days from your expiration date.You can auto-renew your membership by accepting the automatic renewal terms and conditions on the payment screen on PMI.org. But you may opt to turn off this feature and renew your membership each year via phone, mail, or online.What if you fail to renew your membership?Failing to renew your membership before the expiration date of your membership will lead to a discontinuation of your membership benefits, like discounts on certification, additional PDU opportunities, member-only webinars, or maintaining your chapter membership. You can activate the membership automatic renewal feature to ensure continuous access to your membership benefits without interruption.ConclusionThere are numerous benefits which you can reap by becoming a PMI member. These benefits would surely motivate you throughout your PMP® certification journey. But in order to realise these benefits, you need to be involved with them. The membership will give you access to the local chapter meetings and help you out to get an opportunity to interact with other Project Management Professionals (PMP®). This will help you to learn more about the format and challenges of the PMP® examination. Moreover, this will help you in your career growth through communication and networking.The PMI membership also facilitates its members will various courses and activities to meet the PDUs required to meet the CCR program. Attend the seminars or work as a practitioner to earn the 60 PDUs which are required to maintain your PMI  certification.You can also learn about how to earn more PDUs to meet the CCR requirement set by PMI after completion of your PMP® certification here.
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Benefits of Having a PMI Membership

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