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The 6 Families of Project Management Methodologies

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https://www.wrike.com/project-management-guide/ - Trying to understand the different project management methodologies? We've put together a Slideshare that groups all the most popular methods into six informal "families" that share similar processes and characteristics. Read on.

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The 6 Families of Project Management Methodologies

  1. 1. Understand the Most Popular PM Methods The 6 Families of Project Management Methodologies
  2. 2. Slide 2The 6 Families of Project Management Methodologies Slide 2The 6 Families of Project Management Methodologies Confused between different project management methodologies such as Scrum, Lean, PMI/PMBOK, PRINCE2, and PERT? Unsure of what to use for your project? In this Slideshare, we’ve grouped the most popular PM methodologies into 6 families with similar processes and characteristics. Read on!
  3. 3. Slide 3The 6 Families of Project Management Methodologies Slide 3The 6 Families of Project Management Methodologies 1. The Sequential Methodologies What is the oldest, most common way to plan and execute a project? Answer: in sequence. Task A comes before Task B, which comes before Task C. And at the very end of the sequence is your deliverable. The Traditional, Sequential Methodologies: • Waterfall - Do task A first, then task B, then task C • Critical Path Method - string dependent tasks together from start to finish • Critical Chain Project Management - reserve resources for the most critical tasks More details in our Project Management Guide Click here
  4. 4. Slide 4The 6 Families of Project Management Methodologies Slide 4The 6 Families of Project Management Methodologies 2. The PMI/PMBOK “Method” Project management purists insist that PMBOK (the Project Management Body of Knowledge) is not a methodology, rather it’s an agreed upon set of standards for managing projects. But some companies say they use PMBOK as their PM method. This typically means they break down their work into the 5 process groups documented within the PMBOK Guide: Initiating, Planning, Executing, Controlling, and Closing. More details in our Project Management Guide Click here
  5. 5. Slide 5The 6 Families of Project Management Methodologies Slide 5The 6 Families of Project Management Methodologies 3. The Agile Family Agile can refer to the four values espoused in the Agile manifesto for software development. Or it can be one of several frameworks, including Scrum and Kanban. Either way, these methods have objectives defined by the customer, while final deliverables can change. Meanwhile the project team works in iterative cycles, evaluating results after each cycle, & always collaborating with customers. The Agile Family: • Scrum - sprints, daily standups, clearing out roadblocks • Kanban - tasks made visual in swimlanes • Extreme Programming - short work sprints, frequent iterations, constant collaboration • Adaptive Project Framework - using Requirements Breakdown Structure (RBS) to define project goals, stakeholders can change scope at each sprint More details in our Project Management Guide Click here
  6. 6. Slide 6The 6 Families of Project Management Methodologies Slide 6The 6 Families of Project Management Methodologies 4. The Uncertainty Methodologies These are the PM methodologies that deal with uncertainty and change, specifically how to manage projects so that they succeed despite risks. The uncertainty methodologies: • Event Chain Methodology (ECM) - analyzing uncertainty models & optimizing schedules • Extreme Project Management (XPM) - managing stakeholders & eliminating uncertainty via efficient collaboration More details in our Project Management Guide Click here
  7. 7. Slide 7The 6 Families of Project Management Methodologies Slide 7The 6 Families of Project Management Methodologies 5. The Process-Based Methodologies These PM methods set out a standard approach to managing a project using methods that almost veer into business process management (BPM). Each method focuses on work as a collection of processes. Some PM purists dislike these methods, but they’re still valid ways to plan & execute a project. The Process-Based Methodologies: • PRINCE2 - 7 principles, 7 themes, 7 processes • Lean Project Management - maximum efficiency, minimum waste • Six Sigma - improvement by eliminating defects/bugs • Lean Six Sigma - no waste + zero defects More details in our Project Management Guide Click here
  8. 8. Slide 8The 6 Families of Project Management Methodologies Slide 8The 6 Families of Project Management Methodologies 6. Other Methodologies And there are still more popular methodologies — methods that don’t fit perfectly into any other group. These methodologies include: • PRiSM - managing projects the eco-friendly way • Benefits Realization - delivering the benefits the customer expects More details in our Project Management Guide Click here
  9. 9. Slide 9The 6 Families of Project Management Methodologies Slide 9The 6 Families of Project Management Methodologies Now that you’ve seen our 6 families of project management methodologies, how do you actually go about choosing the right one? The answer lies in our Project Management Guide for Beginners, a free online guide for those new to PM concepts. Read it: Choose the Right Project Management Methodology Click here
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