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Agile, Waterfall, and More: A Comprehensive Guide to the Most Popular IT Project Management Methodologies

Written by Nexlogica Team

February 17, 2023


How to manage projects or which methodology choose to do it?

Let’s start by explaining the basic concepts related to the modern approach to IT project management. A project management methodology is a set of principles, tools and techniques that are used to plan, execute and manage projects.

How to approach effective management of IT projects? The key element is to plan the entire project, taking into account its purpose, time horizon, team and its responsibilities, as well as basic principles related to work in the project. An excellent example of planning an IT project is the use of the SMART methodology, which allows for precise determination of measurable, appropriate and achievable goals.

In addition to solid planning of the IT project, it is essential in today’s times to choose a methodology according to which work will be carried out. Currently, the literature on the subject points to many schools of IT project management. The choice of a specific methodology should be made, taking into account all the relevant factors for the organization and the culture of the team’s work.

There are several popular IT project management methodologies that are widely used in the industry. Some of the most popular IT project management methodologies are:

1. Agile

Agile is an iterative and flexible approach to project management that emphasizes collaboration, customer involvement, and continuous improvement. It is particularly well-suited for software development projects.

2. Scrum

Scrum is a subset of Agile that emphasizes teamwork, accountability, and iterative progress towards a well-defined goal. It is particularly well-suited for complex software development projects.

3. Waterfall

Waterfall is a linear project management methodology that emphasizes completing each phase of the project before moving on to the next. It is particularly well-suited for projects with well-defined requirements.

4. Lean

Lean is a project management methodology that emphasizes the elimination of waste and continuous improvement. It is particularly well-suited for projects that require high efficiency.

5. Kanban

Kanban is a project management methodology that emphasizes visualizing work, limiting work in progress, and continuous delivery. It is particularly well-suited for projects that require a high level of flexibility.

6. PRINCE2

PRINCE2 is a process-based project management methodology that emphasizes project governance, risk management, and the controlled management of stages. It is particularly well-suited for large-scale projects with multiple stakeholders.

7. PMBOK

PMBOK (Project Management Body of Knowledge) is a standard for project management that covers a wide range of project management principles, processes, and techniques. It is particularly well-suited for projects with well-defined requirements and a structured approach to project management.

Each methodology has its own strengths and weaknesses, and the choice of methodology will depend on the specific needs of the project and the organization.

Managing an IT project is a complex and multidimensional challenge. Fortunately, in the age of advanced information technology, every Project Manager has access to a vast repository of tools that facilitate and streamline the work of the entire team. Which tools deserve special attention?

First of all, communication tools that increase the efficiency of data and information flow, even in hybrid teams. Skype, Microsoft Teams, Slack, or Zoom meet all the requirements of even large teams.

An IT project cannot do without an effective tool for managing the produced code. The most popular version control system is GIT and the GitHub code repository, and these are the tools most commonly used in IT projects.

Project work, carried out by a large team, requires a tool that consolidates the efforts of all team members. The project work tool should show the status of all current tasks, the people assigned to each task, and a section for additional information within one board. Such functionalities can be found in popular tools such as Asana, Trello, or Jira.


Would you like to know more about Project Management process ?

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