New-Age Project Management Methodologies

If you want to make your construction project flow quicker with less hassle, there are different kinds of project management methodologies available. You can also benefit from collected wisdom and knowledge of the professional project managers. They can perform wide range of duties including managing budgets, coordinating with everyone involved with the project, maintaining data of goods and materials. Project managers also manage all stakeholders in the project, develop project plans and work in a wide variety of sectors.

Effective Project Management Methodologies

Traditional Project Management: The traditional project management uses conventional techniques and methods in the management process. It is a step-by-step sequence to develop design and deliver a product or service. In a traditional approach various tasks are assessed properly and provide a process to oversee and monitor the completion of those tasks. In the traditional project management techniques that are proven for decades are used, so the outcome can be accurately predicted. Companies that offer project management services use this technique for the smooth running of the project.

Waterfall Project Management: The waterfall method builds upon the framework of the traditional method. Waterfall project management handles things sequentially. Waterfall was based on the notion that everything happens in sequence. Project requirements are usually defined at the beginning and one phase of a project ends before another begins in a systematic way.

Agile Project Management: Agile project management is ideal for the projects where there is no requirement for extensive control over the deliverables. This process is highly adaptable to the changing situations of the project and offers useful suggestions for improvement. Flexibility and speed are the two basic features of the agile project management method.

Critical Chain / Path Project Management: This method is geared more towards solving resource problems. Through this process, interdependent tasks are easily managed. The primary goal of critical chain/path is to keep the load level equal for all resources. It is an ideal method for resource-heavy project.

Six Sigma Project Management: For the projects that can be measured precisely, the Six Sigma method is absolutely ideal. It is a data-driven project management method. Six Sigma is geared toward finding solution of the problems at root cause and preventing it from recurrence in the future of the projects. These objectives are achieved through profound knowledge of engineering, in-depth command over statistics and accurate project management skills.

Other Project Management Methods are:

• PRISM
• PRINCE2
• Kanban Technique
• Rational Unified Process
• Extreme
• Scrum
• Crystal
• Joint application development

Property development consultants all over the world use these project management methodologies to sharpen their skills and offer remarkable service to their clients.