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Project Management Methodologies - Coggle Diagram
Project Management Methodologies
A set of guiding principles and processes for managing a project
Waterfall
linear, sequential approach to project management. It consists of distinct phases
Each stage is self-contained you end one stage before moving onto the other.
best suited for projects with well-defined requirements and little to no expected change
Advantage
straightening out design and
requirements at the front end saves time and effort
Disadvantage
rigidity of this methodology can increase the risk
of project delays
Lack of flexibility makes it a poor choice for long and complex projects
Scrum
Scrum master
(sprints) and daily stand-up meetings
Work is done in short cycles called sprints, but the team meets daily to discuss current tasks and roadblocks that need clearing
team-focused
best for highly experienced, disciplined and motivated project teams
PRiSM (Projects integration Sustainable Methods)
Developed by Green Project Management
Focuses on accounting for and minimizing
adverse environmental impacts of the project
Agile
Emphasize iterative development, collaboration, flexibility and customer feedback
Breaking it up into several stages (iterations)
For projects where requirements are expected to evolve over time or in dynamic environments
Advantages
Flexibility and freedom
Team can experiment and make incremental changes
Regular feedback from stakeholders
Disadvantages
Collaboration-heavy, all stakeholders
will have to work closely
Lack of a fixed plan makes resource management and scheduling
harder
Requires fast feedbacks from stakeholders
No top-heavy requirements-gathering
PRINCE2 (Projects In Controlled Environments)
Used by the UK
Helps organizations get strong control over projects through attention to detail
Structured
Advantages
Clear roles and responsibilities
Focus on risk management
Disadvantages
Complexity
Emphasis on documentation
Bureaucracy
For large and complex projects with fixed requirements
Critical Path Method (CPM)
Identifying critical tasks and estimating project duration and the dependencies between them
Disadvantages
Front heavy everything needs to be planned at the very start.
Requires planners with real world experience with scheduling
Advantages
Better scheduling of tasks
Map out activities that can be completed simultaneously
Identify critical and non-critical activities