Project Management Solutions To Better Control Your Business

Any business needs some management solutions to get organized and stay on the floating line. Unfortunately, many organizations are forced to rely on paper trails and email-chains. These outdated methods were replaced by newer project management solutions.

There are different types of such solutions for a wide range of working domains and for many kinds of needs. The access to accurate, real-time data regarding projects and resources is crucial to making strategic business decisions. Companies must keep up with the changes that impact the day-to-day running of their business. Managers are expected to deliver more than ever – but with fewer resources, within a shorter period of time and to produce maximum returns for the business.

Many times all this work gets externalized to other specialized entities. This covers either the use of project management tools or even more the delegation of entire work to management and consulting companies. In all cases appropriate methodologies and processes are necessary to be applied.

Project management solutions

In order to make the best decisions to support your organization’s long-term goals, you have to decide and choose the right management solution:

Resource management – if you have a resource oriented activity this is the solution on which you should insist on. In most cases it is strongly connected with work management software
Project portfolio – this type of solution is the most used in any domain. Any company has multiple projects that need to be managed
Issue tracking – best suited for software development companies
Task management – many small and medium organizations resort to this kind of solution; task management software is used mainly because of the ease of use, simplicity and light collaboration features

These are just some of the most encountered and known types. However as domains overlap a single type of product is not enough. This is why huge companies reached the need to use ERP (Enterprise Resource Planning) systems that incorporate all the above and much more beyond the project management area.

Project management methodologies and processes

The definition for terms like methodology and process and what it clearly represents is under debate and there is no unique agreement in the management domain. However they are successfully used and many management solutions try to map on a certain methodology.

Here is a list with the most used ones:

Traditional project management respecting the project’s five stages – initiation, planning, execution, monitoring and completion
The Critical Path Method
Critical Chain Project Management
Event Chain Methodology

Other newer methodologies, processes and frameworks more specific to the IT industry:

Six Sigma
Extreme Programming (XP)
Feature Driven Development (FDD)
Dynamic Systems Development (DSDM)
Adaptive Software Development
Rational Unified Process (RUP)