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Module Objective
Get introduced to the three major styles used to manage projects
Try to understand when to use which style
Three styles of Project Management
Three styles of Project Management
1) Predictive / Traditional / Waterfall
Ideal for projects where scope & technology used are very clear and stable (construction)
Project is divided into phases
Each phase starts after the completion of the previous phase, hence the name waterfall.
2) Agile / Adaptive
Best suited for projects where the scope constantly evolving and / or technology is new (new product development)
Project progresses through a series of iterations / sprints
At the end of each sprint, the product gets incremented (evolve)
3) Hybrid
Within the same project, the best practices of Agile & Predictive are used
This is the most popular one these days
Project Management can be classified into three major types;
1) Predictive - Suitable for projects where scope clarity is very high, technology used is very familiar, and changes are expensive. Most of the construction projects fall into this category. In predictive project management planning is done upfront.
2) Adaptive or Agile - Suitable for projects where the scope is continuously evolving or the technology is new or both. All new product development fall into this category. Ai projects are another example where one start with a minimum viable model and optimises it continuously.
3) Hybrid - Hybrid projects use the best practices from both predictive and agile, tailored to meet the project specifics. Construction projects may use agile project practices during the engineering phases and predictive practices during the construction phase.
We will be explaining these in detail in the upcoming modules.
Complete the Assessment
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