![]() Reducing waste while maximizing output and increasing stakeholder value Maximizing project activities and finding the shortest path (timeline) to task and project successĮliminating waste and improving processes and profitability The following table provides a brief snapshot of the focus of the 20 most popular project management methodologies, with the benefits - and drawbacks - of each defined more broadly below.Ī linear, sequential approach to developmentĬontinuous improvement and delivering better qualityĬombines the best of waterfall for planning and agile for execution When considering these project management methodologies, it is important to note that there isn’t always a single solution in all cases, even within the same organization. With so many different - and in some cases, overlapping - approaches to managing the complexities of any given project, how can you know which project management methodology is best? Here, we outline the most popular project management methodologies (PMMs) in practice today, comparing their focus and principles. For most companies, recent external forces such as COVID-19 and industry disruptions brought about by the pace of digital change have shifted company goals and priorities, making it necessary to re-evaluate whether the project methodologies they have in place can effectively and efficiently achieve new business goals while reducing risks With the right project management methodology, project management offices (PMOs) can assist their organizations in improving business outcomes - but this requires more than recognizing organizational priorities.
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