News The Different Approaches to Project Management Planning

The Different Approaches to Project Management Planning

-

The approaches to project management differ between industries and organizations. The differences come by as per the nature of functioning of organizations and the nature of projects that need to be handled by such approaches. The main aim of any project management approach remains the same – the efficient accomplishment of the project’s objective. Every project has a goal or objective to accomplish. Internal constraints need to be overcome as well as dynamic external factors need to be considered in the approach toward project management planning. Usually an organization adopts a traditional approach to project management or combines the benefits of multiple approaches to plan a project in a comprehensive manner. Today there are different kinds of project management software and programs that help guide the planning process as well as in the implementation and monitoring aspects of a project.

Traditional Approach

The traditional approach towards project planning is a non dynamic approach. Here it is assumed that the goals and the scope of a project will remain constant till the project is completed. A project manager plans as well as identifies the project resources to be utilized based on such assumption. The following key phases of a project are laid down as per the traditional approach:

• Initiation of project
• Project planning
• Project design
• Monitoring of project
• Project execution
• Completion of project

As such an approach is rigid and does not allow for changes in goal or scope of a project as a project is undergone, most organizations adopt a more hybrid approach towards project planning these days.

Critical Chain Approach

The critical chain approach assumes that a constraint which can be process related, might hinder the planned progress of a project. The constraint might be due to the large involvement of cross functional teams and complex processes. Such an approach uses statistical tools to predict and analyze the constraints and probability factors of success. Analytical formulae are defined in order to remove constraints which are found in the course of a project. This approach is handy to incorporate unforeseen obstacles and bring about changes in the project as per constraints that are faced in the course of a project. Project planning templates are found on different sites.

Dynamic Approach

Many organizations take on the extreme approach to build into account the changing customer requirements in an ongoing project. Such a project plan can handle dynamic changes in the environment. Such an approach comes of use when a project is guided mainly by market conditions and its requirements cannot be ascertained fully at the commencement of the project. The projects undertaken by the mobile industry is an example of such projects. Here projects teams need to plan as per current data and incorporate changes as and when market condition or customer requirements change.

Event Chain Approach

Another approach to project management planning is the event chain approach. A single constraint can lead to a series of events that negatively impact a project. For instance, projects that are dependent on different functions might suffer when there is a setback in one department or function. Here past data is used to understand the impact of negative events. Event chain tracking tools are used in this method.

The Different Approaches to Project Management Planning
General Contributor
Janice is a writer from Chicago, IL. She created the "simple living as told by me" newsletter with more than 12,000 subscribers about Living Better and is a founder of Seekyt.

Latest news

Japanese Owl Meaning and Symbolism

If you're wondering about the Japanese owl meaning and symbolism in Asian cultures, the Owl, along with Maneki Neko...

What Are the Signs of Depression in Women

Gender and depression have long been the scope of research in the field of emotional disorders; most authors believe...

Top 7 Superfoods for Men to Stay Young

Superfoods are generally regarded as targeted foods that provide the maximum nutritional benefit - thus these foods are nutritionally-dense...

Best Brain foods for Kids – Boost Brain Power and Keep Sharp

A child's brain is developing rapidly and if you want them to improve their performance in school and their...

7 of the Best Brain Foods for Studying

The foods that you eat can improve the functioning of your brain. Just like drugs, foods have amino acids,...

B12 Shots for Dogs – 10 Key Benefits

The end of 2010, my little dog -- a 7-pound Papillon -- became very stressed after a flood in...

Must read

Guidelines on Accessing cPanel/WHM Plus

There are pre-requisites that need to be followed...

Some Important Tips for Avoiding Online PC Support Scams

Virtual world is full of opportunities, but it...
- Advertisement -

You might also likeRELATED
Recommended to you