Project Management Methodologies and When to Use Them - Strategy Sarah | Coaching, Consulting, Facilitation (2024)

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You may be asking yourself, “What are project management methodologies and why should I care?”

I’m so glad you asked!

Project management methodologies are simply the ways you structure your project to get it done.

That’s it. In tech and software worlds, project management methodologies can be subject to intense debates and rivalries.

In the creative space, project management methodologies are less frequently formally studied and implemented. That’s a tragedy.

Most project managers I’ve worked with in the marketing and design world do not formally follow any project management methodology. Analyzing their work and workflow, as well as my own, most projects fall somewhere between traditional waterfall project management with some Agile sentiments incorporated for good measure.

Not sure what those mean? Keep reading, my friend!

At a high level, the major differences in project management methodologies the level of detail planned from the beginning. Is the project is fully mapped out in detail prior to the project beginning? Or is it planned in smaller sections as work progresses?

Traditional Project Management Methodologies

Traditional project management methodologies include Waterfall and the Critical Path Method (CPM). These methodologies scope out an entire project, with tasks listed in order, from the beginning. The Critical Path Method also includes which tasks are dependent on another in order to start.

Pros of Traditional Project Management

  • Every single task is clearly identified at the beginning of a project.
  • Roles & responsibilities are clear, and each task has a clear owner.
  • The timeline is set, and each team member can plan for their portion of the work.
    There is no ambiguity.

Cons of Traditional Project Management

  • Lack of ambiguity also means lack of flexibility.
  • When project priorities or requirements change, or when a task doesn’t go as planned, the entire remaining project plan must be re-created or the project must proceed without the changes incorporated.
  • If changes are made in the middle of a project, there can be a significant increase in cost and/or time to delivery

When to use: For projects that are straightforward and unlikely to change. This works best for small, extremely well-defined projects with a single stakeholder.

Learn More:

Agile Project Management

Agile project management was born in the software industry and emphasizes flexibility within a framework. The Agile Manifestoidentifies four key tenants:

  1. Individuals and interactions over processes and tools
  2. Working software over comprehensive documentation
  3. Customer collaboration over contract negotiation
  4. Responding to change over following a plan

Agile project management divides the work into short “sprints” Variations of the Agile method continue to evolve, and include Scrum and Kanban, among others.

Pros of Agile Project Management

  • Flexibility
  • Phased approach provides a built-in mechanism for testing and feedback before committing large amounts of time and money

Cons of Agile Project Management

  • Scope creep is easy. Scope creep = adding more and more to a project compared to what was originally planned.
  • Risk for minimal documentation to end up being no documentation

When to use: For projects where full requirements are not known at the beginning of the project, or where priorities are likely to shift. This encompasses many larger projects in the creative and marketing space!

Learn More:

Lean & Six Sigma

Lean, Six Sigma and Lean Six Sigma are manufacturing-based project management philosophies that focus on reducing waste in all areas. Waste applies to any input, such as wasted time, defective product, excess materials and more.

Fun fact:Lean Six Sigma was the first formal project methodology I was trained on in my corporate career. Our team’s pilot project was revamping a supply chain process, which was fun. In nerd-like fashion, we even had a terrible rap to accompany our work. It ended in “Get down with DMAIC.” 🎉

Pros of Lean Six Sigma

  • Focus on waste elimination requires questioning every step of a process, and is more likely to lead to extreme change that saves significant amount of money, leading to increased profits.

Cons of Lean Six Sigma

  • Lean Six Sigma’s focus on reducing waste has potential to cramp creativity.
    Unless time management is an extreme challenge, Lean Six Sigma is less relevant in the digital and information product space.

When to use: Most effective with physical products (Hi Esty shop friends!) or where excess time waste is a challenge.

Learn More:

Related Project Management Information

  • PMI, the Project Management Institute, is the the world’s leading project management organization. Their website and related resources are a wealth of knowledge. If you want to go crazy in-depth on project management, the PMBOK guides are the resource you need. These aren’t ‘sit down and read cover to cover’ books, but they are excellent reference manuals that should be part of any serious project management practitioners library.
  • What is project management and why should I care?
  • Keep it simple: 5 Key Stages of a Project
  • How to hire the right resource for the job
  • 5 reasons I think you’ll love Asana as much as I do
  • Project Management for Creatives
Project Management Methodologies and When to Use Them - Strategy Sarah | Coaching, Consulting, Facilitation (2024)

FAQs

What are the 3 main methodologies of project management? ›

Arguably the most common project management methodologies are the waterfall, Agile and lean methods. However, there are many other helpful methodologies available, including the PRINCE2, critical path and Six Sigma methods. Let's look at each of these methodologies and their related frameworks.

What are the six 6 types of project management methods? ›

Specific examples of project management methodologies – each with its unique advantages and limitations – include, but are not limited to Agile, Waterfall, Critical Path, Scrum, Lean Six Sigma and PRINCE2.

What are the 4 types of approaches to project management? ›

Types of project management approaches and methodologies
  • Waterfall. Waterfall is often called the “traditional” project management approach. ...
  • Agile. Agile is an approach to project management that is built on small, incremental steps. ...
  • Lean. ...
  • Scrum. ...
  • Kanban.
Nov 29, 2023

What is the PMI approach to project management? ›

PMI methodology involves an integrative approach to management, utilizing five different phases: initiating, planning, executing, monitoring/controlling, and project closure.

What are the 5 methodologies that can be used for agile project management? ›

Popular agile methodologies
  • Scrum.
  • Kanban.
  • Lean (LN)
  • Dynamic System Development Model, (DSDM)
  • Extreme Programming (XP)
  • Crystal.
  • Adaptive software development (ASD)
  • Agile Unified Process (AUP)
Aug 28, 2023

What is Agile vs waterfall? ›

Flexibility: Agile encourages teams to respond quickly and adaptively to changes during the development process. Waterfall is less flexible and resistant to change once the project's scope has been defined. Testing: Testing is essential to the agile and waterfall methodologies, but the approaches differ significantly.

What are the two most common project management methodologies? ›

Whether you prefer the agile methods favored in IT project management or the more traditional waterfall project management and critical path methodology used in construction and manufacturing, there's a project management methodology for every team.

What is the Six Sigma project methodology? ›

Six Sigma is a structured approach to finding the root cause of more complex problems. It uses data and an iterative process to analyze the quality of an organization's processes, determine the root cause of an issue, test solutions, and then ensure those solutions will continue to be effective down the road.

What is the difference between Agile and Scrum? ›

The primary difference between Agile and Scrum is that Agile is a project management philosophy that employs a fundamental set of values or principles, whereas Scrum is a precise Agile methodology utilized to facilitate a project.

What is the difference between project management framework and methodology? ›

The project management framework provides structure and direction to a project. However, unlike project management methodologies it is neither too detailed nor too rigid. Frameworks guide projects to their goal while being flexible enough to adapt to evolving conditions.

What is the Agile approach to project management? ›

What is agile project management? Agile project management is an iterative approach to managing software development projects that focuses on continuous releases and incorporating customer feedback with every iteration.

What is PMI vs PMP? ›

PMP® is focused on conventional project management and has opportunities to be used in all kinds of projects. Contrarily, PMI-ACP® is more focused on agile methodology for undertaking a project. So, it's okay to say that PMP® is a superset of the PMI-ACP® since ACP is solely focused on the Agile approach.

Is PMI a framework or methodology? ›

PMI's PMBOK: Apply Best Practices to Optimize your Projects. The Project Management Institute's PMBOK is not a true methodology but rather a framework of project management standards, conventions, processes, best practices, terminologies, and guidelines.

What is waterfall methodology PMI? ›

It maps out a project into distinct, sequential phases, with each new phase beginning only when the previous one has been completed. It is the most traditional method for managing a project, with team members working linearly towards a set end goal.

What are the three 3 common approaches to project selection? ›

What are the Top 7 Project Selection Methods?
  • Cost-Benefit Analysis. The purpose of a cost-benefit analysis provides an estimate of the costs as well as the advantages that are connected with a specific project. ...
  • Scoring Models. ...
  • Payback Period. ...
  • Net Present Value. ...
  • Internal Rate of Return. ...
  • Discounted Cash Flow. ...
  • Opportunity Cost.

What is the most popular project methodology? ›

The Agile methodology is one of the most commonly used project management frameworks, surpassing even Waterfall in popularity. However, it isn't actually a formal methodology but a principle that focuses on speed, agility, collaboration, and iterative processes.

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