Project management models are systems that show how to handle projects from start to finish. They list the steps, methods, and tasks that need to be done for the project to be successful. Some of the most famous models for managing projects are:
PMBOK, which stands for “Project Management Body of Knowledge,” is a system for managing projects that is made up of 10 knowledge areas and 5 process groups. It gives a standard way to manage projects and is used in a lot of different fields.
PRINCE2 (Projects In Controlled Environments) is an organised project management approach that gives a step-by-step plan for planning, performing, and directing projects. It is used a lot in the UK and is becoming more famous in other places.
Agile is a repetitive and open project management style that focuses on providing value to customers through ongoing growth. It puts an emphasis on working together, being flexible, and responding quickly to change.
Scrum is an Agile project management model that uses short stages called sprints to deliver working software quickly. It puts an emphasis on working together, self-organizing, and always getting better.
Waterfall is a standard project management model that is based on a straight, step-by-step method. It means finishing one part of the job before going on to the next.
Six Sigma is a model for managing projects that is based on data and aims to improve quality and cut down on mistakes in goods and processes. It includes using statistical methods to find and fix mistakes and make things run more smoothly.
Critical Chain is a project management model that focuses on making projects less unclear and risky. It means using a cushion to deal with uncertainty and differences in project plans.
Lean is a project management model that aims to cut down on waste and make project management more efficient. To optimise processes, you have to find the ones that don’t add value and get rid of them.
These models for project management show how to run projects from start to finish. They are all good for different kinds of projects because they have different strengths and flaws. Based on the needs and limits of the project, project managers need to choose the right project management plan.
