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6 Min. Read

6 Most Useful Project Management Techniques You Should Know

6 Most Useful Project Management Techniques You Should Know

Project management techniques have helped change the way managers deal with different projects. There’s no question that using these tips can help you complete complex projects.

So we’re sharing 6 project management techniques that can help you. Any project manager can apply these to complete their next project.

Here’s What We’ll Cover:

Use FreshBooks Client Management

SCRUM

Process-Based Project Management

Traditional Project Management

Critical Chain Project Management

Critical Path Project Management

Key Takeaways

Use FreshBooks Client Management

FreshBooks customer management keeps you in touch with your customers. You can keep all customer estimates, payments, invoices, credits, and other financial information.

Plus, everything is there in one place. This makes tracking customers easier. Also, getting to know your customers better allows you to provide them with the best service.

FreshBooks allows your customers to understand and take part in the project. Thus, you are always on the same page. And use time tracking to record every billable minute. You can record all your work and send more accurate invoices.

When using FreshBooks, you will get better customer relationships. Communication and transparency are great ways to get customers interested in their projects. As a result, the relationship thrives through the customer experience.

FreshBooks Client Management also contains comments, project collaboration, file sharing, and more. Thanks to the customer information of FreshBooks, you can use it to grow your business.

Business professionals both new and experienced will want to check out FreshBooks. There’s so much here to help improve your brand that you can’t afford to pass it up.

SCRUM

Scrum is a project activities technique. It comes from processes called agile development framework. The framework has a set of project overviews. You can change these through continuous evaluation of the results achieved. It results in every project completion with the best results.

Scrum technology has a team working on a project for a period of time, known as a sprint. In discussions, the collaborative team decides how to cut things. They do this to keep the project timeline from moving forward.

It’s easier to complete tasks when you collaborate with your team on various parts of the project life cycle. SCRUM remains one of the most popular techniques. Talk about it during your next meeting and see what your team thinks.

Process-Based Project Management

Process-based project management is a special tool that has a project planning process. After confirming each project’s goal, the dedicated team follows the same principles. These are what the leading company follows in its mission statement or vision.

This helps the project manager keep the client’s main goals in mind. And they can do so throughout the project. This helps them achieve results that the sponsor will appreciate. You'll also be within the projected time frame. 

Moreover, process-based project management approaches business interactions as collections. It also handles each different project process. Proper project management plans are essential. They allow the project leader and project management team to hit the desired goals.

One of the key management techniques is to improve on the project scope. You do this throughout the entire project. By improving on areas like core values, vision, and mission, strategies become clearer. What's more, it's easier to achieve project requirements and hit project schedules.

Traditional Project Management

Traditional project management methods are the most common in the industry. In this classic technique, the project manager monitors the project life cycle. This universal practice allows for the development of unique techniques, planning, and estimating. 

The project management tasks serve to provide feedback. Moreover, they give guidance to the team based on the expected results. This applies to the project discussed in the initial planning phase. The project's critical tasks then allow for greater team productivity.

An experienced project manager assigns these tasks to each individual team member of the project. This technique is ideal for small teams. But, you want to make sure that you have tolerant members who trust the experience of the project manager.

You use traditional project management for projects where there are complete activity sequences. They must be in order and rarely have any changes.

Critical Chain Project Management

Is your budget the main focus of the project? You should use critical chain project management methodologies. Using this strategy, the project manager pays close attention to the budget.

  • Deciding the most cost-effective way to do each task
  • Deciding which tools to use
  • Hiring team members

The critical chain process helps the company save money by completing complex projects. Indeed, it is different from the more traditional methods. These include those derived from the critical path and the PERT algorithm. This emphasizes project task order and strict scheduling.

The critical chain project network strives to maintain resource balance. Moreover, it requires them to be flexible in start-up time. This ensures a streamlined approach throughout the project stages.

Critical Path Project Management

The critical path is an extreme project management technique. It's been in existence since the 1950s. It's like the critical chain. Critical path project management places more emphasis on the time required to finish.

This motivates the team to come to conclusions faster. What’s more, they’re likely to work harder than ever to complete the deadline on or before the expected date. The manager first sets a series of deadlines for each task in the process. The project manager can then push the team to completion in a shorter time than usual.

In the Critical Path Technique, you make a model of the project, which includes the following:

  • A list of all tasks needed to complete the project
  • Dependencies between tasks
  • An estimation of time that each activity takes to complete

Using this information, you can determine the critical path method. You do this by identifying the longest range of relevant activities. But, you must do them from start to finish. This review technique allows you to more easily determine your total float. Conversely, you can delay the project by extending the project plan.

Key Takeaways

Managing projects doesn’t have to be stressful. You already have a lot on your plate, so why not make your life easier? By using these project management tools, you can look forward to improved performance among your team and in your projects.

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