Knowing Project Management Methodologies

Knowing the different types of project management methodologies can only be beneficial to your next business venture. Each one is a step by step approach to achieving your goals of having a successful project. The leading difference between the different ones is how they can accomplish your goals for you.

For most businesses there is no one type of methodology that exactly fits their needs. For this reason they merge many different project management methodologies into just one that is custom built for their plant, resources and needs. This is the best manner in which to maximize what you have while minimizes the disadvantages your organization possesses. This will then lead to an increase chance of your projects becoming successful and having a competitive deliverable when it is introduced to the global market place.

This is why there is now software to assist you in using multiple project management methodologies. The programs now available allow you to import many different methodologies and take the components and process from them that fit your particular needs. This will lead to you creating a new methodology that can maximize your strong points. By defining the new project processes in this manner, it will be easier and more efficient for you to achieve the goals and scope of the project that has been approved by the stakeholders.

Because you have combined many different project management methodologies, you will then need to document what you have used so the new methodology can be used in the future by your organization.  The addition of using templates from the appropriate other methodologies on which you borrowed the process is also a possibility.

When you are looking for just what project management methodologies you can utilize, most programs allow the importation of HTML pages, Microsoft Word and Excel to make the combining of them easier.

The using of many different project management methodologies is the best way to achieve your goals of having a successful and profitable project. This will not only make the stakeholders satisfied but also help your organization in a financial manner so it can stay in business.

Lean Methodology

The creation of the lean methodology was necessary after the end of World War Two when there was a shortage of manpower for the production of civilian goods. Just as all wars do, there was a great amount of life lost. To help compensate for this low allowable allowance of manpower, the project managers in the Far East had to devise a new approach to getting their factories working so they could once again turn a profit.

The basic concept of the lean methodology is simple. It is the reduction of all waste from a process so only the components that contribute in a positive manner towards the deliverable and its staying on its production schedule are allowed to remain in place. One of the hardest parts of developing this methodology is deciding just what makes a positive contribution to the deliverable and what really is waste.

What most realize is that when deploying the lean methodology, it is a continuous process towards the improvement of all processes involved in the planning and production of a deliverable for the global market place. This process should involve every level of management to help make the final decisions. It will also be necessary to involve the entire project team. It is their hands on experience with the project that can pinpoint areas where improvements can be made. These small contributions from the project team have an accumulative effect that will make the difference in just how successful your project is at cutting and eliminating waste from the project.

One of the newest additions to the lean methodology is the “just in time” supply network. By bringing in the required resources necessary for your project as they are needed, the elimination of storage for them has been eliminated. This saves both money and space in providing a warehouse for the resources just to sit in waiting to be used.

The lean methodology has expanded far beyond its intended purpose of dealing with a manpower shortage. Today most manufactures have implemented it to some extent to best fit their needs. This increases the profitability of every project it is used in when implemented correctly.