Key features of Waterfall and Agile development methods

Key features of Waterfall and Agile development methods

Introduction There are many ways to manage a project, two of the most prominent ways are waterfall and agile. The outline below describes these two project management methods. Waterfall What is Waterfall? The waterfall methodology is a design process, frequently used in software development, which progresses sequentially through the phases of Planning, Analysis, Design, Implementation, and Maintenance. (Diagram 1) Advantages of Waterfall    Time and budget estimates are more reliable    Development processes tend to be more secure Disadvantages of Waterfall    Rigid and inflexible processes    Feedback and testing are deferred until very late into the project    Response to unanticipated problems require … Read More

Responsibility Assignment Matrix

abstract-technology-background

What is a Responsibility Assignment Matrix (RAM) or a RACI MatriX? A responsibility assignment matrix (RAM), also known as RACI matrix, describes the participation by various roles in completing tasks or deliverables for a project or business process. How is RAM / RACI useful? RAM / RACI is especially useful in clarifying the roles and responsibilities in cross-functional/departmental projects and processes. What does RACI stand for? RACI is derived from the four key responsibilities: Responsible, Accountable, Consulted, Informed. The RACI model is a straightforward tool used for identifying roles and responsibilities and avoiding confusion over the roles and responsibilities during … Read More

The Role of a Project Sponsor

the role of a project sponsor

More often than not, a project sponsor is thought of somebody whose responsibility is to secure project funds and participate in the victory lap after project completion. But an “engaged” project sponsor with vested business interests and involvement in the project from the project kickoff to the project closure can mean the difference between a project success or a project failure. One of the reasons why projects fall short is the lack of executive sponsorship and executive management buy-in. Some key responsibilities of a sponsor include: Defining the project; Securing an executive buy-in on the project Providing a clear direction for the project … Read More

Relationships Among Portfolios, Programs, Projects

diagram illustrating relationships between Portfolios, Programs and Projects

Portfolios A portfolio refers to a collection of projects, programs, and sub-portfolios managed as a group to achieve organizational, strategic, and business objectives. Programs Programs are a group of related projects managed in a co-ordinated way to obtain the benefits and control not available from managing them individually. Programs are grouped within a portfolio and are comprised of: Sub-Programs Projects Other operational work   Projects A project is a temporary endeavor with a definitive beginning and an end. A project is undertaken to create a unique product, service, or result. Fig. illustrates relationships between Portfolios, Programs and Projects   [message_box title=”” … Read More

What is Project Management?

What is project management?

A Project is a temporary endeavor with a definitive beginning and an end. Project Management is the application of knowledge, tools and techniques to project activities to meet the project requirements. Each project must go through the following phases – Initiating Planning Executing Monitoring and Controlling Closing   1. The Initiating Phase The Initiating Phase involves creation and formal approval of the Project Charter. All project stakeholders are identified in this phase. High-level risks, assumptions and constraints are identified and documented in the Project Charter. 2. The Planning Phase The Planning Phase involves creation of the detailed Project Management Plan. … Read More