To manage projects you need to have certain knowledge, skills, and tools to ensure that you achieve your general and specific goals.
The methodology defines the organization, adaptability, and control of the work process. The purpose is to simplify the achievement of the planned results on time and within budget.
Therefore, it is advisable to use a specific methodology at each stage of the project management: initiation, planning, execution, control, and completion. The following are the most common methodologies.
The Gantt chart
It is an essential methodology that helps to plan the workflow of a project. It is a bar diagram that shows the beginning and end of the different stages and tasks to be performed. This tool visually shows how much time is needed at each stage of the project. In this way, it is easier to achieve results on time and within budget.
The Critical Chain Method (CCM)
This method can reduce the time it takes to complete projects. You can plan and focus on what is most important. When applying this method, it is necessary to establish the chain of factors, their antecedents, and consequents. It is also necessary to identify which of these factors hinder the completion of the project in less time, in order to allocate resources efficiently.
Earned Value Management (EVM)
With this methodology, the performance of a project can be measured. That is, to compare the actual progress of the project with the planned progress. From this, trends can be evaluated and forecasts can be established. When applying this methodology, an execution schedule must be drawn up as well as an estimate of the costs and resources required.
Each work team chooses the one that best suits them to plan, manage resources, and control the progress of a project. Since each methodology has its advantages and disadvantages. However, technological advances make it possible to combine these or other methodologies in software so that project management professionals can perform better.
If you would like to learn more about project management, UNIB offers the Master in Project Design, Administration, and Management. Source: Project management tools to help you streamline your work
