article thumbnail

Top 10 Project Management Methodologies – An Overview

ProjectManager.com

The name is apt, as the waterfall methodology is a process in which the phases of the project flow downward. When implementing the agile methodology , project planning and work management are adaptive, evolutionary in development, seeking early delivery and are always open to change if that leads to process improvement.

article thumbnail

Theory of Constraints: A Guide for Project Managers

ProjectManager.com

There is always at least one constraint, and the theory of constraints uses what is called a focusing process to identify that constraint, and then restructures to address it. Think of it like the old axiom, “A chain is no stronger than its weakest link.” What Is the Focusing Process? It is a five-step process.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Creating a Risk Register: All You Need to Know

Epicflow Blog

Risk Register: Definition and Purpose . Similarly to work breakdown structure, it’s a hierarchical representation of risk sources, where each descending level provides an increasingly detailed definition of project risk sources. In general, the risk management process is rather complex and time-consuming. Risk category.

Risk 52
article thumbnail

6 Best Gantt Chart Examples For Project Managers

Proofhub

Whether you’re building a new home or starting a new product development process, every project starts with a good plan. A Gantt chart, by definition, is a visual view of projects and its associated tasks and resources over time. Stop the madness and switch to Gantt chart. Gantt charts are bliss for software development teams.

article thumbnail

How to Beat Parkinson’s Law and Deliver Projects in Half the Time

Epicflow Blog

Estimating a task is a rather difficult process because it depends on a lot of factors, e.g. whether it’s a new kind of activity or the one your team members have done millions of times before, whether it’s going to be performed by a highly-qualified employee or the one without a necessary experience, etc. Resource Management Level.

article thumbnail

6 Ideas to Improve Your Project Resource Management

Brightwork

6 Definitions: Make sure you understand these six core principles of resource management – Resource Levelling, Critical Chain Planning, Resource Capacity Planning, Resource Tracking, Resource Communications, and Resource Commitments – before tackling your next project. What is Resource Management?

article thumbnail

Tips and Tricks for Smart Project Planning

Wrike

Another method that can complement your use of the critical path method and help you deal with resource constraints is called the critical chain. The Critical Chain Method (CCM) is a way of planning and managing projects that puts the main emphasis on the resources required to execute project tasks.