Project Management: what it is and what are its main methodologies

Project Management, or known in Spanish as project management, is the set of techniques, tools and abilities used to effectively plan, control and execute projects. Its main objective is to fully develop a project within an established time frame and budget.

Projects, in each company, are a unique and temporary task that is carried out in order to achieve a specific result, such as the creation of a product or the development of a new software system. But why is it important to know this topic? Project management allows companies and entrepreneurs to plan, control and execute projects safely, effectively and efficiently.

Why should you implement Project Management?

This discipline allows projects to be delivered on time and within the established budget, it can also help increase customer satisfaction and profitability, encourages communication and collaboration within the project team, and helps to effectively manage risks, which can help avoid costly problems and delays.

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There are different methodologies that you can implement in your company's projects, here are 5 so you can carry out your Project Management correctly:

1. Waterfall: this is considered a linear and sequential methodology that focuses on completing one phase before moving on to the next. It's ideal for projects with clearly defined requirements that don't change frequently.
   
   
2. Agile: is an iterative and incremental methodology that focuses on the rapid and continuous delivery of small parts of the project. It is ideal for complex and changing projects where flexibility and adaptability are required.
   
   
3. Scrum: is a specific Agile methodology that focuses on team collaboration and the rapid delivery of small parts of the project. It's ideal for projects where a team approach and frequent change management are required.
   
   
4. Kanban: is a visual methodology that focuses on workflow management. It's ideal for projects where efficient task management and proper prioritization are required.
   
   
5. Read: focuses on waste disposal and continuous process improvement. It is ideal for projects where process optimization and cost reduction are required.

Learn about the 7 metrics that every Project Manager must measure in their strategies.

This is how Project Management involves defining objectives, planning activities, assigning resources and scheduling tasks, making it the best alternative for carrying out your company's new projects.

Implement Project Management in your company and you will achieve better consolidated marketing strategies, which will help you to be creative, to innovate and to achieve the success of your company. In addition, you will improve efficiency and quality in your daily tasks, you will reduce risks that can become major problems and you will improve communication between the different teams and areas of your company.

Read here the 7 best books on Project Management.

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