Project management involves using skills and techniques to deliver value through projects like software development, construction, or relief efforts. As work becomes more project-based, project professionals lead teams by using various tools and approaches. There are several common project management methodologies including Waterfall, Lean, Scrum, and Agile. Each has its own strengths and is suited to different types of projects depending on factors like flexibility and predictability.

1. Prepared By:-
1.Abhishek Agrawal
2.Chandni Patidar
3.Sahil Kanariya

2. • Project management is the use of specific knowledge, skills, tools and techniques
to deliver something of value to people. The development of software for an
improved business process, the construction of a building, the relief effort after a
natural disaster, the expansion of sales into a new geographic market—these are
all examples of projects.
• The changing nature of work due to technological advances, globalization and
other factors means that, increasingly, work is organized around projects with
teams being brought together based on the skills needed for specific tasks.
• Leading these projects are Project Professionals—people who either intentionally
or by circumstance are asked to ensure that a project team meets its goals.
Project professionals use many different tools, techniques and approaches to
meet the needs of a project.

6. • 1. Waterfall
Waterfall is often called the “traditional” project
management approach. In traditional approaches, projects
are completed one stage at a time and in sequential order—
like a waterfall would flow down a collection of rocks.
• When to use Waterfall:
The Waterfall approach can be effective for projects like
building houses, where one stage must be completed before
others can begin, or where timelines, budgets, regulations, or
other factors make it necessary for your project to have a
predictable outcome.

7. • 2. Lean
Lean is a project management style with roots in the manufacturing industry
(Toyota’s cars, to be exact). It aims to cut down on waste and increase
efficiency. Key Lean principles include emphasizing value from the customer’s
perspective, and mapping out your entire project in the initial stages to see
where to generate value and cut waste.
• When to use Lean:
Lean can be a useful project management approach to adopt when you’re
looking to reduce costs, shorten timelines, and improve customer satisfaction.
It’s best used for projects that anticipate some flexibility and change.
• 3. Scrum
Scrum is the most-used type of Agile methodology, with over 66 percent of
Agile adopters using Scrum. Scrum implements Agile principles through small
teams, short development cycles, frequent communication, and designated
roles to keep the project organized and on track.
• When to use Scrum:
Scrum can be a powerful way to tackle projects that thrive on change and
adaptation. Like Agile, it is often used for projects in industries that anticipate
frequent change or unknowns.

8. • Agile
Agile is an approach to project management that is built on small,
incremental steps. It’s designed to be able to pivot and incorporate
changes smoothly, making it popular among projects where unknowns
and new developments are common.
• When to use Agile:
Agile is best used in projects in industries that expect a certain amount
of volatility, or in projects where you won’t be able to know every detail
from the outset. Agile project management is very popular in software
development, where changes are almost constant. You might also use
an Agile approach when you’re launching a new product, and aren’t fully
aware of where pain points might lie until closer to the end of the
project.