Project managers assist companies with implementing a project management methodology that will help the project succeed in the most efficient way to accomplish the objectives and goals of the project. Three main types of methodology are typically used, waterfall, agile and hybrid. The type of method used largely depends on the type of project. Waterfall is the standard and most widely accepted using a sequential format that allows for the most control. Agile is more flexible allowing for more frequent modifications. Hybrid uses a combination of both methods using waterfall in the planning stage and agile in the implementation phase.
- The waterfall method of management uses sequential phases and that require execution in a specified order.
- While the waterfall system allows users a lot of control over phases, it is far less flexible than other methods.
- A good way to assess and find the right management system for you is to use the globally recognized assessment tool known as, Organizational Project Management Maturity Model.
“As a project management methodology, agile is highly interactive, allowing for rapid adjustments throughout a project.”