{"id":606,"date":"2021-06-08T00:00:47","date_gmt":"2021-06-08T00:00:47","guid":{"rendered":"http:\/\/ec2-52-95-249-27.ap-south-1.compute.amazonaws.com:8000\/blog\/?p=606"},"modified":"2023-12-20T19:08:36","modified_gmt":"2023-12-20T19:08:36","slug":"what-are-the-different-project-management-methodologies","status":"publish","type":"post","link":"http:\/\/ec2-52-95-249-27.ap-south-1.compute.amazonaws.com:8000\/blog\/what-are-the-different-project-management-methodologies\/","title":{"rendered":"What are the Different Project Management Methodologies?"},"content":{"rendered":"

Can every project be managed and monitored using the same approach? Certainly not. Every project, its scope, and objectives<\/strong> are unique. The path you take to supervise a marketing project cannot be duplicated for a software development project.<\/p>\n

It is highly dependent on the project\u2019s needs<\/strong> and your team\u2019s structure<\/strong>. Subject to this, a plethora of methods<\/strong> have surfaced over the years to manage different projects<\/a><\/strong> and make a project manager\u2019s job easy.<\/p>\n

These<\/span><\/span>\u00a0project management methodologies<\/strong><\/span><\/span>\u00a0serve different purposes, but\u00a0<\/span><\/span>minimizing efforts and making the delivery process more effective<\/span><\/span><\/strong>\u00a0forms the crux for each one. Thus, selecting the\u00a0<\/span><\/span>right process for the projects<\/strong>\u00a0<\/span><\/span>precedes every other step in\u00a0<\/span><\/span>project management<\/span><\/span><\/a>.\u00a0<\/span><\/span>\u00a0<\/span><\/p>\n

While deploying these methods, managers have to align them with the project needs and synchronize them with the resource pool of the firm.<\/em><\/p>\n

This article is a comprehensive guide explaining the nuances of different project methodologies<\/strong> and which projects and resources they cater to.<\/p>\n

\"Manage<\/a>
\nBut, before that, let\u2019s get the definition clear,<\/p>\n

Defining Project Management Methodology<\/h2>\n

According to PMI,\u00a0<\/span>\u2018A methodology is a system of practices, techniques, procedures, and rules used by those who work in a discipline.\u2019<\/span><\/i>\u00a0<\/span><\/p>\n

In simple words, a\u00a0<\/span>project management methodology<\/span><\/b>\u00a0is a culmination of different\u00a0<\/span>practices, themes, principles, and techniques<\/span><\/b>\u00a0used by project managers to ensure\u00a0<\/span>optimum project performance.<\/span><\/b><\/p>\n

In light of the emergence of advanced technology<\/strong>, many project management tools have flooded the market. These tools act as catalysts<\/strong> for managers that facilitate them to control the project\u2019s progress<\/strong> and ensure successful delivery<\/strong>.<\/p>\n

However, managing projects without regulating the workforce is an incomplete job. After all, the resource pool<\/strong> and its talent steer the projects to the finish line<\/strong>. Subject to this, pairing the project management software with an advanced resource management tool<\/a> adds the missing piece to the jigsaw puzzle.<\/p>\n

\"\"<\/a>
\nLet\u2019s delve into the 3 Ws (What, when, why), and H (How),<\/strong> along with the resource requirements<\/strong> for each methodology,<\/p>\n

Types of Project Management Methodology<\/h2>\n

As discussed earlier, numerous methodologies<\/strong> are compatible with different kinds of projects<\/strong>. Each of them has its pros and cons. One should know that no method is deemed to be absolutely correct; it solely depends on the project you have undertaken.<\/p>\n

Ideally, it should be in sync with the project requirements and goals and the organizational framework. Here is a rundown of the most prominent methodologies<\/strong> and their adaptability<\/strong> concerning different projects:<\/p>\n

Waterfall<\/h3>\n

This method originated in 1956<\/strong> at the symposium on advanced programming<\/strong>. However, the formal description of the waterfall framework was only published in 1970 by Winston W. Royce<\/strong>.<\/p>\n