A project management approach is a philosophy or set of principles that guide how a project is structured and executed. A methodology, on the other hand, is the specific framework of rules and practices used to implement that approach.
In the following post, we will dive deeper into the different types of project management methodologies out there. After reading, you should be equipped with the knowledge needed to know what type to choose for your specific needs.
Waterfall is often considered the "traditional" project management approach. It follows a linear and sequential process, where each phase is completed before moving on to the next—much like a waterfall cascading down steps.
When to use Waterfall: This approach is ideal for projects with strict requirements, set timelines, and minimal anticipated changes. Industries such as construction and manufacturing, where each phase must be completed before the next can begin, often rely on the Waterfall approach to maintain predictability and compliance.
Agile is an iterative and flexible project management approach that allows for continuous improvements and adjustments. Agile principles, as outlined in the Agile Manifesto, emphasize adaptability, collaboration, and customer feedback.
When to use Agile: Agile is well-suited for dynamic industries like software development, product design, and marketing, where requirements and priorities may shift frequently. This approach enables teams to respond to changing customer needs and market conditions more efficiently.
Lean project management originated in the manufacturing sector, particularly with Toyota’s production system. It focuses on eliminating waste, optimizing workflows, and delivering maximum value with minimal resources.
When to use Lean: Lean is best for projects that require cost reduction, process efficiency, and streamlined operations. It is frequently used in manufacturing, logistics, and service-based industries looking to enhance productivity while minimizing excess.
Scrum is a popular Agile methodology that organizes work into time-boxed iterations known as sprints. It encourages teamwork, regular feedback loops, and continuous improvements through daily stand-ups and sprint reviews.
When to use Scrum: Scrum is beneficial for fast-moving projects that demand constant collaboration and adaptability. It is widely adopted in software development, tech startups, and creative industries where frequent iterations drive innovation.
Kanban is a visual workflow management method that uses a board system to track project tasks. Tasks are represented as cards that move through different stages, from initiation to completion.
When to use Kanban: Kanban works well for projects with ongoing tasks and evolving priorities. It is commonly applied in IT operations, customer support, and content production, where continuous delivery and task management are essential.
Beyond the core methodologies, other hybrid and specialized approaches offer unique benefits:
Selecting the appropriate project management methodology depends on project scope, industry requirements, and team structure. Understanding these different approaches can help businesses streamline workflows, optimize resources, and achieve project success.
If like many, you want to keep yourself updated on the latest tendencies and tips within the project management world, follow along as we post regular updates on how you can optimze your current workflow.
