The processes and principles of project management plays a serious role in completing the project within a specified time and budget, leading to expected goal achievement and better revenue generation. it’s a standard myth that project management slows down the processes and leaves no room for innovation as you would like to stay to one plan. Instead, to line your team for fulfillment , it’s critical to bring agility, and to master the fashionable way of delivering projects. Using the simplest project management tool helps project managers overcome all the challenges concerning project management and oversee projects from conception to completion.
The traditional approach towards project management is not any more beneficial within the current situation, where you see uncertainty. After the Covid-19 outbreak, many companies using traditional project management have struggled to finish their projects on time as per the plan due to lockdown mandates and work-from-home situations. Therefore, modern businesses are embracing one among the foremost flexible and practical approaches to managing projects – Agile Project Management. Before we glance into why we prefer agile over traditional project management, let’s undergo a basic overview of those methodologies.
What is Traditional Project Management?
Traditional project management, also referred to as the waterfall approach, may be a concept that follows a sequence of phases, including flexibility check, tasks assessment, resource planning, development, testing, and support. Each step follows another stage during a sequence. you can’t jump to subsequent phase without completing the previous phase. Thus, the normal project management isn’t flexible enough to suit large projects because it has no scope of adjusting the wants after the project development phase has started.
What is Agile Project Management?
Agile project management follows an iterative process during which the project requirements, budget, and resources planning are often changed at any time to finish the project beneficially. On the contrary to traditional project management, agile is taken into account to be far more flexible because it focuses on teamwork, customer satisfaction, and collaboration.
Why Is Agile Project Management Preferred Over Traditional Project Management?
There are various reasons thanks to which project managers prefer agile over traditional project management. Let’s undergo a number of the foremost critical ones
Scope of Changes
When it involves the normal approach, the project budget and delivery time are fixed before the project is initiated. So, the probabilities of creating changes within the middle of the project management become difficult or maybe impossible. Agile project management allows changes at any level of project management. It makes it easy for the project managers to tweak the method or create any quite changes while the project is in its building phase
Adaptability to Unexpected Situations
During the Covid-19 outbreak, many unexpected instances were happening concerning shipping, supply, labor, etc. therein situation, if your project plan cannot adapt to the sudden changes, it cannot yield expected results on completion. Agile project management allows adaptability to unexpected situations and enables project managers to execute substitute plans immediately to stay the project running smoothly. At an equivalent time, traditional project management cannot facilitate this type of adaptability.
As traditional project management follows a linear approach, complexities within the project can block the whole process. Agile project management is best fitted to large and sophisticated projects as those sorts of projects have many variables connected. At an equivalent time, the normal approach is supposed for the single-phase connected quite projects that aren’t complex in nature.
The traditional approach allows client involvement only at the starting phase of the project. So, until the project ends, there are many unnecessary expenditures and mistakes that the client might not approve of. The agile process keeps the client within the loop at every project lifecycle stage and eliminates situations that clients disagree about and make discrepancies.
How does one Choose the proper Project Management Methodology?
Choosing the right project management methodology is important because it can help the whole organization achieve the intended goals for that specific project. It becomes easy for the project manager and therefore the entire team performing on the project to follow the proper path, get the simplest out of every resource, and stay within the budget. Certain factors can impact choosing the acceptable project methodology like cost & budget, team size, ability to require risks, flexibility required, timeline, client and stakeholder involvement.
There is no perfect methodology for a specific project. you would like to often apply two or more project methodologies to accomplish success and achieve predetermined goals. employing a single traditional project management methodology won’t suit the present situation and growing competition lately . Thus, the time is now to maneuver on with the progressive project management methodology like agile and win the race.
Besides that, choosing the proper project management tool that supports multiple project management methodologies is additionally critical. A collaborative, supportive, and user-friendly project planning software would support you throughout the project lifecycle, save some time and costs, and assist you make better and informed decisions.