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Project Management Approaches

The document discusses several traditional and agile project management approaches. The traditional approach includes sequential stages from initiation to closure. The Critical Path Method (CPM) identifies the longest sequence of dependent activities that must be completed on schedule. Critical Chain Project Management (CCPM) uses buffers to improve task durations for resource-dependent activities. Scrum uses 30-day sprints for software development. PRINCE2 provides a structured framework. Extreme Project Management (XPM) allows for changes throughout the project. Lean focuses on eliminating waste. Six Sigma aims to reduce defects to near zero.

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302 views2 pages

Project Management Approaches

The document discusses several traditional and agile project management approaches. The traditional approach includes sequential stages from initiation to closure. The Critical Path Method (CPM) identifies the longest sequence of dependent activities that must be completed on schedule. Critical Chain Project Management (CCPM) uses buffers to improve task durations for resource-dependent activities. Scrum uses 30-day sprints for software development. PRINCE2 provides a structured framework. Extreme Project Management (XPM) allows for changes throughout the project. Lean focuses on eliminating waste. Six Sigma aims to reduce defects to near zero.

Uploaded by

AliMuzaffar
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© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
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Ali Muzaffar Rizvi Student ID 12142

PROJECT MANAGEMENT APPROACHES

TRADITIONAL APPROACH

A traditional approach involves a series of consecutive stages in the project management


process. It is a step-by-step sequence to design, develop and deliver a product or service. It
entails achieving the succession in the implementation process and provides the benefits of
milestone-based planning and team building. In IT and software development, this methodology
type is called Waterfall one portion of work follows after another in linear sequence.
The following stages are included the traditional project management methodology:

Initiation (requirements specification)


Planning and design
Execution (construction and coding)
Control and integration
Validation (testing and debugging)
Closure (installation and maintenance)

CRITICAL PATH METHOD

Critical Path method (CP) is defined as the longest estimated sequence of interdependent
activities that should be accomplished on time to ensure completion of the project on due-date.
The critical path activities are performed under the predecessor-successor relationship, so that
any next activity cannot be started until its predecessor is complete.

CCPM

Critical Chain Project Management (CCPM) is the way to plan, implement and review various
kinds of work in single- and multi-project environments. This management methodology
uses Theory of Constraints (TOC) and the concept of buffers to establish improved task
durations and manage resource-dependent tasks and activities.

SCRUM

SCRUM is an example of Agile PM methodology that involves teams in producing a software


product in 30-day sprints and monthly scrum sessions. In a SCRUM-driven project, the
deliverables are broken down into 30-day intervals. This methodology example is specific and
applicable mainly to collaborative, 100%-dedicated teams, with no heavily constrained time and
materials budget.
PRINCE2

PRINCE2 is a systematic project management methodology which consists of a series of high-


level processes (steps) to plan, implement, control, and review a project through creating a well-
structured and clearly described environment. It is a world-class international standard for
project planning and implementation that provides a flexible and adaptable approach to suit the
project to its generic requirements and address the initial business need. The purpose of the
PRINCE2 approach is to design a framework of managing projects in well-controlled
environments.

EXTREME PROJECT MANAGEMENT (XPM)

Extreme project management (XPM) is the opposite of Waterfall in that it offers you a way to
manage massive change and still move forward to project completion. In XPM, you can alter the
project plan, budget, and even the final deliverable to fit changing needs, no matter where the
project is. Its the perfect way to manage projects that have a short timeline of anywhere from a
few weeks to mere days.

LEAN

Lean is a methodology that is focused on streamlining and cutting out waste. The first step is to
create a work process breakdown to identify and eliminate bottlenecks, delays, and all forms of
waste (muda). The goal is to do more with less: i.e. deliver value to the customer using less
manpower, less money, and less time.
The key idea behind Lean thinking is to maximize customer value while minimizing resource
waste.

SIX SIGMA

Six Sigma is a statistics-based methodology that seeks to improve the quality of a process by
measuring the defects or bugs present and getting it down as close to zero as possible. A
process can therefore attain a rating of Six Sigma if 99.99966% of the final product your
project deliverable is defect-free.

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