PMO & Project Management Hybrid Model. Part1
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Objective: Demonstrate the fundamentals of Hybrid Project Management Methodology. Learn several vital benefits of the Hybrid Project Management Model. Learn and understand how effectively Hybrid Project Management Methodology can be applied to Projects, Programs and Portfolios.
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PMO & Project Management Hybrid Model. Part1
- 1. Speaker: Abhishek Mishra, PMP Project Manager, Author of "The Book Of Powerful & Exceptional Quotes," & "Stereotypical Leadership" Moderator: PMOfficers Associated Consultant Date: Wednesday 09/December-2020 Barcelona 20:00 Local Time Objective: • Demonstrate the fundamentals of Hybrid Project Management Methodology. • Learn several vital benefits of the Hybrid Project Management Model. • Learn and understand how effectively Hybrid Project Management Methodology can be applied to Projects, Programs and Portfolios. Webinar Series The Magic of the PMO PMO & Project Management Hybrid Model. Part1
- 2. GUEST BIO GUEST LOGO Abhishek Mishra • +14 years of experience in PMO, Project Management, Program Management & Portfolio Management • Degree in B.Sc. Biotechnology • I am a Juggler – Being a PMO/ Project manager, I have been adroitly balancing several activities simultaneously & seamlessly. • I am an Author – Who is passionate to express through words
- 3. AGENDA GUEST LOGO 1. Problem Statement 2. The Birth of Hybrid Model 3. What is Hybrid Model? 4. Benefits of Hybrid Project Management Approach 5. Disadvantage of Hybrid Methodology & Choosing the right one 6. Hybrid or Agile which is better?
- 4. Problem Statement GUEST LOGO • We have been using Work breakdown structure(WBS) to manage complex projects from the mid of the late 20th Century, as it was only available method by then. • WBS was released in 1984 and since then it has become one of the most comfortable tool for Project Managers because they could plan and share their projects with their teams and executive managers using this tool. • The only problem with WBS is all the components and the facts are not be known right at the beginning of the Project and the requirement keep changing frequently. • These problem made an entry for Agile to enter the game. During the spring of 2000, 17 developers Martin Folwer, Jim Highsmith, Jon Kern, Jeff Sutherland, Ken Schwaber, and Bob Martin met in Oregon to discuss how they can speed up effectively the development process to bring the new product to the market faster than expected. • This innovative discussion gave birth to Agile Methodologies. Though it didn’t result in the same Agile Methodology which we are using now, but this meeting played a critical role in Agile’s history.
- 5. The Birth of Hybrid Model • Every methodology comes with their own set of advantages and disadvantages. • Waterfall Methodology is actually costing more and finishing later than planned. • Whereas in Agile customer can be able to see the results in short time after the project has started, not only this it can also be able to accommodate and deliver the requirement changes within the given timeline. • Using Agile methodology, it’s not easy for a Project Manager or the PMO to estimate accurately or effectively as when the project is going to complete. • Now the question is if Waterfall is not the right method and looks like Agile is not the one size fits all, then what is it? This question gave birth to Hybrid Project Management Methodology. • It’s not a new methodology, all of us using this methodology from many years by now, only it’s gaining its popularity now because it combines the best of Agile and WBS from Waterfall model to create a whole new Project Management Model that can fit most of the Projects.
- 6. What is Hybrid Model? • It is a practice of mixing Agile and Traditional Waterfall Project Management elements to create a custom approach. • Hybrid PMO is which integrates all projects executives approaches regardless of whether projects are delivered using Agile, Waterfall or Hybrid approaches. • Hybrid PMO supports end-to-end portfolio management approaches and the integration of all the Project execution approach across all the business functions. • A typical Hybrid PMO can be compared with the Hybrid Car. They integrate traditional Project management with leaner, faster Agile principles to deliver the best outcome regardless of methodology. • A Hybrid PMO model plugged in to a business- driven mindset, where company can be benefited from both from the speed of Agile and more detailed aspects of traditional Project Management.
- 7. Benefits of Hybrid Project Management Approach • Hybrid Project Management Approach is the approach which gives freedom to the technical team like Agile and Freedom to Project Manager like Waterfall. • It can help Project Manager to prepare the estimates which are close accurate and at the same time the team can react to market changes and demands in place of what they have planned. • Both developers and consumers agree on the deliverables at an early stage in the development lifecycle. • Progress can be marked easily as the entire scope of work is already known in advance • Testing team can prepare the test scripts from the requirement documentation while the coding takes place simultaneously.
- 8. Disadvantage of Hybrid Methodology & Choosing the right one • Hybrid Methodology has inability to track deliverables or whether the set of deliverables will be met. • Continuous administrative intervention to resolve team conflicts results in a waste of time and effort. • Hybrid can be a better choice if an organization is primarily based on the theory of competitive advantage, which allows them the fluidity of Projects. • Now we have understood the fundamental aspect of Hybrid Project Management and we already know the fundamental aspect of Agile Project Management. So, now the question is which one to choose and which can be effective depending your organizational model.
- 9. Hybrid or Agile which is better? GUEST LOGO • I have explained four fundamental aspect of both Agile and Hybrid model in the below table, which can help you finalize which one you can choose over the other and which one can be better knowing your organization culture and environment. # Agile Project Management Hybrid Project Management 1 Consumers involvement is available throughout the Project Consumers involvement is only needed at milestones 2 Mid-Project changes are possible, but it could affect the Project expenses, schedules and other factors Changes are not easily implemented in this methodology; the best thing is Project Scope is known during project initiation. 3 It is best for smaller or mid-sized companies with having high-level team coordination. In this methodology team coordination is limited to handoff points. 4 Project funding plans are easily implemented through this methodology. This approach is a little complicated to implement project funding plans effectively • I will be explaining the Hybrid PMO model & the detail about Hybrid Methodology in Part-2 of this session.
- 12. Webinar Series The Magic of the PMO Objective: • Demonstrate the fundamentals of Hybrid Project Management Methodology. • Learn several vital benefits of the Hybrid Project Management Model. • Learn and understand how effectively Hybrid Project Management Methodology can be applied to Projects, Programs and Portfolios. https://www.linkedin.com/in/abhishek- pmp/ SOCIAL MEDIA DATA CONTACT GUEST LOGO PMO & Project Management Hybrid Model. Part1 abhisai1218@gmail.com https://www.instagram.com/author _abhishek/ https://twitter.com/abhi090 https://anchor.fm/we-relearn