Top 15 Basic Project Management Techniques

PMOWebinarQandAIn each organization problems are going to come up and a project is going to be created to help resolve this issue. Each project is unique and there are going to be different techniques a project manager can use to ensure a successful completion. We have complied a list of some basic techniques project managers use throughout the timeline based on A Guide to the Project Management Body of Knowledge—Fourth Edition (PMBOK® Guide).

  1. Assumptions Analysis — Exploring the accuracy of assumptions and identifying risks to the project
  2. Brainstorming — Gathering general data and promoting creativity to identify risks, ideas, and solutions
  3. Cost of Quality (COQ) — Determining the costs required to ensure quality
  4. Crashing — Compressing a schedule by decreasing the total duration through reducing activity durations or increasing assignments of resources
  5. Critical Chain Method – Modifying schedule time to make up for limited resources
  6. Decomposition – Dividing the project scope and project deliverables into smaller components
  7. Earned Value Technique (EVT) – Measuring the performance of work
  8. Expert Judgment — Findings from experts in certain areas (industries, disciplines, educations, etc.)
  9. Fast Tracking — Overlapping phases that would typically be done sequence
  10. Portfolio Management — Centralizing the management of one or more portfolios to achieve a specific purpose
  11. Progressive Elaboration — As details become available, improving a plan to produce more accurate strategies
  12. Risk Acceptance — Team decides to not change the plan to deal with a risk
  13. Risk Avoidance — Protecting a project from impact of risk
  14. Risk Mitigation — Reducing the probability that a risk will occur or affect a project
  15. Schedule Compression — Decreasing the project schedule without altering the project scope

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