Top 6 Popular Project Management Methodologies 

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Have you ever heard of the phrase “the best-laid plans often go awry”? That statement is so true in the world of project management.

Typically, there are many different moving parts to any project, and it can be challenging to keep track of everything that is happening at one time. This article will discuss six popular project management methodologies and when to use them. 

What is a Project Management Methodology?

Project management methodologies ensure that the project is finished on time and within budget. A project management methodology will usually cover different areas such as managing deliverables, resource allocation, change control, and more. 

Approaches to Selecting a Project Management Methodology

A project management methodology is a set of principles, processes, and tools used to manage the work involved in a project.

Below are the top 6 project management methodologies: 

Top 6 Popular Project Management Methodologies and When to Use Them

Project management is a complicated process, but there are many tools to help streamline it. Six of the most popular methodologies are Kanban, Scrum, Lean, Agile, Waterfall, and Hybrid.
Kanban
Kanban Project Management is a methodology that focuses on obtaining workflow efficiency. The Kanban board has three major parts: a constraint, a work item, and a process. Kanban is a project management methodology that focuses on maximizing workflow and continuous improvement.
Kanban uses cards, which represent activities within the process or workflow, to create and visualize the workflow. The idea behind Kanban is that once an item has been completed, it can remove from the board so other people can take their turn at completing their tasks without waiting for someone else’s card to come off first. 
Scrum
Jeff Sutherland and Ken Schwaber developed the Scrum project management methodology. It is a short-term project management methodology that aims to shorten the duration of projects to complete them on time, within budget, and with a high-quality product. There are four main steps to use Scrum for your project: planning, executing, monitoring, and adjusting. 

The Scrum Project Management methodology is one of the most well-known. It divides the project into two phases: product discovery and development. In the product discovery phase, teams need to discover what they can do with a fixed budget and time frame. Once this has been done, they start developing their project. 

Lean

Lean Project Management (LPM) is a set of guidelines and practices that focus on the customer-focused delivery of products. It provides a framework for all project managers to use to deliver a product or service that is on time, within budget, and meets the customer’s needs. LPM comes from lean production practices designed to reduce waste, and it’s not just limited to manufacturing. 

Lean project management is a method that has been in development for the past 30 years. It focuses on reducing waste and maximizing time through total customer focus. Firms have traditionally concentrated on linear methods with high costs and low value-add. The main difference between a Lean project and others is that it encourages managers to start with an initial assumption, making the process easier. 

Agile
Agile project management, like Scrum, uses time-boxes to assign specific tasks and allow teams to work on more than one project at a time. The focus is on collaboration and quick fixes, suitable for tight deadlines projects. Instead of having a long list of milestones or deliverables, each team member is given one. 

Agile project management is a popular software development methodology where an organization uses collaboration, flexibility, and change to create products or services quickly. Agile project management has been widely successful in software development, but it can also implement effectively in other industries. 

Agile project management was designed for short projects with a fixed time frame and known release date. It’s flexible enough to work on many different types of projects, and it provides a quick response from the development team. Supporters argue that this is even more important than long-term goals because it allows the team to take a shorter, more motivated approach to reach the goal. 

Waterfall
A waterfall project management methodology is a sequential process in which each phase leads to the next phase’s initiation. It can be helpful for large projects where it may not be easy to manage activities within a project. Waterfall schedules are designed with controlled phases that have defined start and end dates. 

Waterfall project management is a type of project management methodology that follows a step-by-step approach to planning, organizing, implementing, and monitoring the progress of a project. It’s commonly used in projects involving multiple organizations.

The Waterfall Project Management methodology is used to organize each stage of the project and the required resources for successful completion. This method has a linear approach, with all steps being completed in order before the project moves on to the next stage. 

Hybrid

Hybrid Project Management is a combination of different project management methodologies. It merges the best of both worlds, making it a flexible and cost-effective project management methodology. 

Hybrid project management is a type of project management that relies on an integrated approach to project management by combining both traditional and agile methods. Hybrid project managers use the strengths of each technique for their projects. 

Hybrid Project Management (HP) is a project management methodology that combines traditional project management approaches elements. This approach focuses on maximizing solution opportunities and providing options for continuous improvement. It consists of an analytical, methodological, and situational analysis that uses an integrated model with multiple stakeholders, including cost-benefit research, business case development, and one-off decision making. 

Conclusion
These six popular project management methodologies help us manage a project’s workflow. They are used to focusing on the process. The main principle of these strategies is that they allow us to concentrate on the solution rather than being bogged down by detail.