article thumbnail

Product Manager vs Project Manager – What’s the Difference?

ProjectManager.com

Additionally, while both roles are technically geared for the delivery of products and projects, there are different processes and best practices required. For example, many project managers are accustomed to working within the PMI guidelines for best project management practices. What Is a Project Manager?

article thumbnail

Top 10 Project Management Methodologies – An Overview

ProjectManager.com

This may be the most straightforward and linear of all the project management methods in this list, as well as the most traditional approach. The name is apt, as the waterfall methodology is a process in which the phases of the project flow downward. It’s fast and flexible, unlike waterfall project management.

Insiders

Sign Up for our Newsletter

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

article thumbnail

125 Project Management Buzzwords

The IIL Blog

Bottom-up Estimating A project estimation technique that leverages tactical-level team members/subject matter experts (SMEs) to break down tasks into smaller components to create a more accurate estimate. Burndown Chart A tool in Agile project management that tracks the work completed and the work remaining to help teams manage progress.

article thumbnail

Lean Project Management: What Is It and Why You Should Be Using it

Techno-PM

The lean system was mostly used in manufacturing. But the methodology is now making its mark in the field of project management. If you're a project manager, a team leader, or even a regular employee, you need to know the core principles behind lean project management. Download Project Management Templates!

Lean 36
article thumbnail

What You Need to Know About How to Execute a Project 

Planview

You’ve initiated your project, created an in-depth plan, and secured stakeholder buy-in. Except that, as every PMO knows, project execution is the most challenging stage of the project life cycle, and it’s only gotten more difficult in a world of hybrid and remote work. What Is Project Execution?

article thumbnail

Mastering the project life cycle: Your complete guide (+ examples)

Resource Guru

The project life cycle , just like a good story, has a beginning, a middle, and (hopefully) a happy end. The beginning involves the ever-so-important planning; then comes the middle, where teams complete various tasks to move the project closer to completion; and finally, an end to review what went well and what didn’t.

article thumbnail

How to Write a Business Case

ProjectManager.com

In fact, in some lean or agile organizations, over-reliance on documentation is seen as a clear impediment to innovation and collaboration. Projects fail without having a solid business case to rest on. Create a Schedule: Make a timeline for the project by estimating how long it will take to get each task completed.