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Blog AuthorB K Subramanya
PublishedNov 29, 2024
Views2,087
Read Time15 mins
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Every big thing you ever heard of, whether it be an app or a car, started off as a project. It has a definite objective that defines its success. Plus, it is bound by some processes and workflows. These factors enable its execution on time and within the stipulated budget.
I believe that this is where project management strategies showcase its immense prominence. They are crucial to the success of your project. However, to implement them correctly, you do need the expertise to become project manager. These specialists can use the right strategy to ensure successful project completion as per stakeholder expectations.
In my experience, these strategies for project management can help your business in a number of ways. Right from precise communication to resource management, they can assist with several processes.
So, to make the most of these project management strategies, here is a detailed explanation about them and their uses.
Project management strategies are methods that companies use to keep their projects on track toward successful execution. Although it may seem like a great tool for managing tasks, it is much more than that. This system allows them to manage different objectives and deliverables through planning, execution, and monitoring. I feel that it is a useful project management tools that helps you bring order to your team's efforts. The result is that you can obtain better results for your project.
With these tactics, you can encourage teamwork and effective action. This is why so many companies rely on these strategies to deliver amazing outcomes. Activities like task breakdown or risk management help you meet various project goals and culminate into final success.
In my opinion, this is the core reason why project management is a vital tool for forward-looking companies. Hopefully, this makes it clear to you what are project management strategies.
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The importance of good management methods cannot be undervalued. Based on my experience, they can deliver very good results if they are implemented correctly. An adequate understanding of these strategies for project management can help ensure that product development is the center of focus. It does this without having to constantly stress about meeting time frames or the lack of enough funds.
Best of all, it even has a positive impact on your employees too. With proper project management strategies in place, they will no longer feel overburdened, which will aid them in excelling at the work at hand. Consequently, the benefits will also reflect on the bottom line of your company as well.
As for the more literal advantages, let us begin with the amount of time it saves you. With its help, you, as a team leader, can allocate your time better to focus on a multitude of areas. This way, you avoid being stuck on a single problem and lose track of the progress.
The next big benefit, I think, is how it promotes better communication within your team. For any project to flourish, it is crucial that there is an ongoing and transparent collaboration among the members of your team. It proves very useful in recognizing areas where we could do better and locating problems faster.
I hope this makes it clear why you need good project management strategies to achieve success.
Also Read: PMP Certification Benefits
Below, I will list the top ten strategies that help with better project management. It will help you decide on the one that best suits your workflow and team.
We all know that tasks instantly become much easier the moment you break them down into smaller parts. That is exactly what WBS does: it helps you take big projects and break them down into smaller tasks for your team. This is because by doing this, you will help your team understand each individual project task and focus solely on that.
In my experience, using a strategy like this means that you are making the most of the resources you have. With this, you list all of your tasks while highlighting their budget and the timeframes that need to be achieved. It will also make it easy for you to manage your project stakeholder’s expectations and keep them updated.
This method is a no-nonsense way to get things done on time. Following CPM means you have to do your most fundamental tasks in a sequence to complete the project. Similarly, the tasks that you do within the sequence are called critical activities. They are essential because if you even fail to complete one of those in time, the whole project might get derailed.
Based on my experience, project managers use this method before beginning a project to gauge an idea about the project timeline. It is an algorithm that helps them look at the longest sequence and measure the duration from start to finish.
Scrum is one of the most prominent strategies in the agile methodology. This method asks you to identify and implement your desired goals in a series of short development cycles. These cycles are then called sprints in agile that help your team immensely to refine their work. You will be very pleased to see your team work effortlessly and develop the project the right way.
This performance management strategy, in my opinion, is very effective because it lets you focus on many iterations of the project. However, to get the best results, your team must find how many iterations they can commit themselves to. This will help them to create an accurate sprint backlog, which are the tasks that need to be done during that time.
The method that we will discuss now is very good at taking the agile framework and implementing it at scale. SAFe or, otherwise known as scaled agile framework is essential for teams with a lot of departments. This method is a patchwork of various concepts that are designed to help your business become more efficient.
Within this method, there are 4 levels that you must know about, in my opinion. First, let us begin with the Essential level. You could say it is the bare minimum that is needed to manage larger teams. Then come large solutions which are basically the same as essential but with better management and stakeholder relationships. After that is a portfolio, this is important because it helps you with strategic objectives and resource management. Lastly is full SAFe which includes everything that we learned above.
In my opinion, this one is quite simple and yet can be quite effective. Kanban is a strategy that uses smaller tasks and labels them accordingly. This way, kanban view you and your team can easily keep track of the overall progress. It does this by displaying the status of each task that is being handled on the software for everyone to see. The status of each task is as follows:
This type of sorting of tasks is beneficial. I believe with this type of segregation, your team no longer has to be confused during the project. They get total clarity on how well the project is progressing.
This a great tool for managers to keep track of the progress of their teams without any hassle. The project manager can easily look up which person is working on which task and the duration of the task as well. Among the other project management strategies, I believe this is quite good because it allows you as a manager to know the progress without being too obtrusive.
Using this is a very smart choice not just for monitoring but also for planning ahead. If you know what your team is working on and when they will accomplish the task planning becomes that much easier.
When using this strategy, you should be aware that this is not meant just to help you with critical path durations. In reality, it can even help you with establishing better relationships with your various project tasks in project management. PERT does this by allowing you to view the progress in a sequential chart rather than a flowchart. However, the element that helps you the most is the accurate task duration that it gives you using these inputs.
Therefore, I recommend using this in your next project to help you make the most of the time and the resources you have.
Out of all the other project management strategies, this is quite simple. Waterfall model is a very well-organized method that follows a static approach. Hence, your team can grasp the steps more easily. This method is implemented in such a linear manner. Hence, you need to complete the task at hand before moving on to the next.
I feel that it is this basic character of the strategy that makes it so effective at organizing and controlling your projects. On top of that, it also makes it easier for you to commit to a certain timeframe and keep the project going as planned.
For projects carried out at scale, failure can be quite disastrous. In such a situation, this method is quite effective. PRINCE2 means PRojects IN Controlled Environments. This framework is based on 7 various principles, 7 themes, and 7 processes.
In my opinion, this detailed approach to this method is what makes it so widely used in government projects and other high-risk tasks. Moreover, by understanding these Principles of PRINCE2, you can easily understand how to manage a project. Plus, it gives you a better understanding of the project as well.
This is an agile framework that is frequently used in various software development. This method ensures that the quality of your software is of the highest standards. You can implement it in a way that your team can work on any project in the simplest of ways possible.
XP is made up of 5 core values, that prioritize producing the simplest product viable. It helps you do this by reducing waste and helping you by keeping maintenance support at a minimum. In my opinion, the best way to do this is in a small project that requires frequent changes.
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It all begins by knowing what you want and what success for your project dictates. Most people believe that they can simply rely on one method for every project, which is completely false. This is because not every project is the same; therefore, how can the strategy be the same?
Understanding effective project management strategies is a challenging endeavor. As a project manager you need to use the right blend of approaches during a particular stage of project execution.
This means that you must identify the likely challenges and constraints that your team might face. There will always be unforeseen problems that are bound to affect your project. Therefore, you would need to pick a strategy by evaluating all your needs, current and future. Doing so will help you arrive at the right decision.
This role is very important in the whole process of completing tasks and finally delivering the final product. A project manager will coordinate the various elements of the project along with the teams. A manager has to also make sure that the tasks are completed on time and are within the stated budget constraints.
In my experience, they are the backbone of every project because they are responsible for selecting the right project management strategies. This crucial decision sets the tone for the whole project and dictates the number of obstacles a team will face. If she chooses strategically, then the project will progress ahead without a hiccup. Therefore, the role of a project manager is indispensable, in my opinion.
I think that project management strategies are very valuable. Its use cases and functionality help drive the project toward successful completion. However, to get the best results, you need to use the ideal strategy that best suits the project you are working on.
The right tactic can help your team to make a product that not only is of the highest standard but also is ready to deploy on time. As a project manager, this job might seem quite challenging, given the burden of managing resources and stakeholder relationships. However, I think that with proper PMP Certification Training from StarAgile, you can take on any challenge.
Strategically aligning your project with the right method is a very tricky task for any project manager. You need to pick the right strategy so it has a positive impact on the project outcome. Therefore, selecting the right one is quite crucial. Here are a few examples:
These are just a few examples of strategies for project management.
Your approach towards your goals is quite important. This is especially true for high-risk projects. This proves that it involves systematically managing your projects to align with your goals. In other words, it is about ensuring that you, as project manager, must consider how everything fits into the bigger picture. Therefore, in my opinion, it is absolutely necessary to keep the strategy in mind when completing any task within a project.
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