Strategy Execution Playbook

Introduction

Strategy Execution Playbook

Box0.5: Project Management Approaches

About

A good project management framework should include a spectrum of components required for planning, managing and governing projects, while remaining cognizant of the timeline and need for iterations. There are several frameworks that can be used according to the context and nature of a strategic project. Usually, the most common project management frameworks fall under two categories: • Waterfall. An approach that requires a project to be planned beginning-to-end, and each phase of the project starts after the previous one has ended. • Agile. An incremental and evolving approach designed to remain flexible and adaptive to the changes that occur throughout the life of the project.

Agile

Waterfall

r

1

t o

Requirements

R

n i

e

q

o

u i

M

r e

&

m

k

c

e

a

n t

T r

s

6

Design

Implementation

e

2 P l a n

e l e a s

R

Verification

5

4

Maintenance

D

n

e

g

v

s i

e l

e

o

p

D

3

When to Apply

• Throughout the life of the project, but the framework that makes the most sense should be chosen during the project kick-off stage.

•

Continuous cycles

•

Sequential/linear stages

• Small, high-functioning, collaborative teams • Multiple methodologies • Flexible/continuous evolution • Customer involvement

• Upfront planning and in-depth documentation • Contract negotiation • Best for simple, unchanging projects • Close project manager involvement

Figure 0.6: Project Management Approaches

Source: PMI

52

53