Types Of Project Management Approaches

The project management approach enables organizations to complete projects efficiently, handle internal barriers and dynamic external situations temporarily. Project management enables organizations to prevent or remove internal project constraints and also adjust to unexpected changes within the scope or purpose of the project.

Types Of Project Management Approaches

An organization may, depending on its requirements, apply a standard project management approach or incorporate several approaches. Also, an organization has the advantage of a project management software application that facilitates intelligent planning, constraint removal, and project monitoring.

Here is a list of standard project management approaches.

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Traditional approach

The traditional approach assumes that the scope and objectives of the project will remain constant until the completion of the project. Obviously, a project manager plans and identifies project resources based on this assumption. The traditional approach explains the following project phases:

• Project initiation
• Project planning and design
• Project monitoring and control
• Project execution
• project completion

Because this approach is inherently rigid, many organizations may choose a hybrid project management approach.

Critical chain approach

This approach assumes that at least one constraint (related behavior or process) tends to inhibit projects that use complex processes and a large number of cross-functional teams. This approach recommends the use of behavioral and mathematical sciences first to predict, and then analyze and eliminate constraints. The project team can use data to remove constraints. For example, if productivity is a forecast concern, the project manager can track the actual time spent by team members at work. This approach is useful in delivering quality submissions on time by proactively removing obstacles.

Extreme project approach

This approach is suitable for projects that handle dynamic situations, such as, changing customer requirements. Often, it may not be possible to obtain clarity of requirements, and a project can be guided by market changes. The mobile phone industry, which is undergoing rapid changes, is a case in point. Therefore, the project team plans purely by current data and relies on changing needs, modifying plans.

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Approach chain project event

According to this approach, one constraint can create a chain of barriers and severely hinder a project. For example, in a project, if multiple departments are interdependent, barriers in one department can negatively impact the productivity of the downstream department. The project team can use past data to estimate negative events and identify precautions. Reliable data, collected over time, can even help track events. Gantt chart is a popular chain event tracking tool. The event chain approach, therefore, can be an excellent problem-solving approach for critical projects.

Project management software – how useful is it?
The capabilities of project management software have grown tremendously and provided more than just scheduling meetings and activities. Project management tools can estimate business, monitor project progress, and highlight risks. It can also preserve historical data on past projects, which can be very useful in anticipating constraints. Project management tools are available as desktop applications, web-based and collaborative and compatible for each type of project management approach.

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Many organizations are beginning to adopt hybrid project management approaches, incorporating the best features of a standard project management approach. This approach has been useful and indeed works to show how flexible the project management approach is.

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