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.
The 6 Families of Project Management Methodologies
1. Understand the Most Popular PM Methods
The 6 Families of
Project Management
Methodologies
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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. 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
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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
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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
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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
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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. 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
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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