Three Styles of Project Management

November 18, 2021 by No Comments

Most people are aware that managing your projects well has become vital in order to run a project smoothly, but it is also important to choose the right style of project management for your business and for your specific project. Here is a breakdown of the main styles or methodologies PMP certification cost:

A phased approach is the biggest feature of Traditional Project Management, and in this methodology certain steps are carried out in sequence, with there usually being five steps. These steps are initiation, design, manufacture, monitoring and closing, but this is not a fixed pattern. In some projects not all the phases are required, whilst in others more need to be added or the order in which they happen needs to be rearranged slightly. This style is often referred to as the waterfall mode, especially when applied to software projects.

The critical chain methodology puts more emphasis on the resources needed to complete a project as a whole and the tasks that make up the project, and applies the Theory of Constraints to project management. Critical chain project management varies from traditional in the way any uncertainty is managed. In traditional PM uncertainty is managed by over-estimating the time something takes, starting tasks as soon as possible and multi tasking, whereas in the critical chain model managing uncertainty is achieved by using averages to estimate durations, scheduling backwards from the required completion date and using buffers to allow room for movement and control the project plan.

Extreme PM is a style often employed in cases of very complex or uncertain projects. It differs widely from traditional project management in that it has a much more elastic approach and is more concerned with the human elements of the project. This humanistic approach puts more emphasis on managing the interactions between the humans involved rather than on precise scheduling and formal timescales.

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