Types of Project Management: Methods, Industries, and Best Practices

Every business needs project management to get things done. Whether it’s launching a product, building something, or running a marketing campaign, project management keeps everything on track, on time, and within budget.

But what is project management? It includes using the right methods and tools to get the best results. Different projects need different approaches, like Agile for software or Waterfall for construction.

Studies show that companies with good project management are more likely to meet their goals. If you’re curious about the types of project management and how they work, this blog will help.

Let’s read more about the methods, industries, and best practices for managing projects!

Popular Project Management Approaches and Methods

Did you know that 89% of companies use some form of project management methodology? Whether it’s for building infrastructure, developing software, or managing marketing campaigns, different methods cater to different needs. 

Here are some of the most popular approaches:

1. Waterfall Project Management

Waterfall is a straightforward, step-by-step process. Each phase, like planning, designing, and execution, must be completed before moving to the next. It’s predictable and easy to follow but not ideal for changes once the project starts.

Who It’s For
Great for projects where everything is planned upfront, like construction or manufacturing.

Examples

• Building a bridge or a road.
• Developing a hardware system with fixed requirements.

2. Agile Project Management

Agile Project Management focuses on breaking work into smaller parts, called iterations, so teams can adjust quickly to changes. It’s all about flexibility and continuous improvement.

Who It’s For
Perfect for teams working on projects that evolve over time, like software or product development.

Industries

• IT and software development.
• Marketing campaigns that need regular updates.

3. Scrum Framework

Scrum is a part of Agile, where work is divided into short cycles called sprints (usually 2-4 weeks). It’s highly collaborative and uses specific roles to ensure smooth delivery.

Typical Team Roles

• Scrum Master: Makes sure the process runs smoothly.
• Product Owner: Sets priorities based on what’s most important.
• Development Team: Does the actual work.

Examples

• Building a mobile app.
• Launching a website with regular feedback and updates.

4. Kanban Method

Kanban uses visual boards to track tasks. Columns like “To Do,” “In Progress,” and “Done” make it easy to see what’s happening at a glance.

Best Use Cases
Works well for improving workflows, like in customer support or content creation.

Examples

• Managing social media posts.
• Handling IT support tickets.

5.Lean Project Management

Lean focuses on doing more with less. It eliminates waste, ensures efficiency, and delivers maximum value to the customer.

Industries

• Manufacturing (Toyota pioneered it!).
• Healthcare and logistics.

Specific Benefits

• Reduces costs by cutting unnecessary steps.
• Improves quality by focusing on what matters most.

6. Critical Path Method (CPM)

CPM helps teams figure out the most important tasks to finish the project on time. It’s all about prioritizing and planning.

Benefits

• Ensures deadlines are met by focusing on critical tasks.
• Helps allocate resources effectively.

Challenges
Not flexible if unexpected changes occur.

Examples

• Planning a construction timeline.
• Coordinating large-scale events.

7. Hybrid Project Management

Hybrid combines two or more methods to fit specific project needs. For example, a company might use Waterfall for the planning stage and Agile for execution.

Real-World Examples

• A construction project might use Waterfall for design but Agile for software used in the building.
• Product development that requires strict deadlines and ongoing updates.

Types of Project Management by Industry 

Project management needs vary across industries, but the right tools and methods help address specific challenges effectively. Here’s a quick comparison:

Types of Project Managers

Each type of project manager brings unique skills and strengths to the table. Let’s look at some common types of project managers and what they do.

1. Technical Project Managers

Technical project managers handle IT and software projects. They work with technical teams and help solve complex issues.

They’re a great fit for industries like software development and IT services. For example, they might manage the development of a new mobile app or upgrade a company’s IT system.

Average Annual Salary (INR): ₹15,00,000

2. Construction Project Managers

Construction project managers oversee building and infrastructure projects. They ensure everything stays on schedule, within budget, and meets safety standards.

You’ll find them in industries like construction and real estate. For example, they might manage the construction of a new office building or a highway project.

Average Annual Salary (INR): ₹8,00,000

3. Creative Project Managers

Creative project managers work on marketing, advertising, and media projects. They lead teams of designers, writers, and marketers to deliver campaigns.

They’re common in marketing agencies and media production. For instance, they might run a social media campaign, organize a product launch, or manage a video shoot.

Average Annual Salary (INR): ₹9,00,000

4. Operations Project Managers

Operations project managers focus on improving how a company works internally. They make sure teams are efficient and processes run smoothly.

They’re often found in logistics and corporate offices. For example, they might lead a project to improve delivery times or create a new employee onboarding process.

Average Annual Salary (INR): ₹10,00,000

5. Freelance Project Managers

Freelance project managers take on short-term projects across different industries. They bring flexibility and expertise to specific tasks.

They’re great for startups or companies with temporary needs. For example, they might plan a big event, manage a one-time campaign, or oversee a new system rollout.

Average Annual Salary (INR): Varies widely

Tools and Technologies for Effective Project Management 

According to a 2023 report, 77% of high-performing teams use project management software regularly. These tools help teams stay organized, track progress, and communicate effectively.

Here are some popular ones:

• Asana
• Jira
• Trello
• Microsoft Project
• Monday.com
• Slack
• Zoom
• Notion

Best Practices in Project Management 

• Everyone should know what the project aims to achieve and what their role is. This avoids confusion later.
• Keep everyone in the loop. Use simple updates through meetings, emails, or tools like Slack to make sure everyone knows what’s happening.
• Think ahead about what could go wrong. For example, if a delivery is delayed, have a backup plan ready to keep the project moving.
• Look at the numbers. Use tools like Microsoft Project or Trello to track progress and decide what needs fixing or improving.
• Review progress often. If something changes—like the budget or a deadline—be ready to adjust your plans.

Build Project Management Skills with upGrad 

upGrad offers courses and tutorials to help you build project management skills and advance your career. Learn industry-relevant techniques and earn certifications from top institutions.

Tutorials and Courses Available

• Agile and Scrum Framework
• PMP Certification Training
• Implementing SAFe® 6.0 with SPC Certification Training

Tools and Methodologies Covered

• Jira
• Trello
• Asana
• Gantt Charts
• Kanban
• Lean Practices
• Scrum Framework

With upGrad, you can gain practical knowledge and certifications to grow your project management expertise.

Ready to Take the Next Step?

• Upskill Today: Learn project management from industry experts.
• Earn Certifications: Add globally recognized credentials to your resume.
• Grow Your Career: Stand out in the competitive job market.

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Source:

https://www.glassdoor.co.in/Salaries/technical-project-manager-salary-SRCH_KO0,25.htm
https://www.glassdoor.co.in/Salaries/construction-project-manager-salary-SRCH_KO0,28.htm
https://www.glassdoor.co.in/Salaries/creative-project-manager-salary-SRCH_KO0,24.htm
https://www.glassdoor.co.in/Salaries/operations-project-manager-salary-SRCH_KO0,26.htm
https://www.glassdoor.co.in/Salary/Freelancer-Project-Manager-Salaries-E392261_D_KO11,26.htm
https://www.iseoblue.com/post/79-project-management-statistics-for-2023