Why every company would benefit from an in-house project management methodology

Having a project management methodology, when implemented in the right way, will boost your digital transformation.

Project management has become a buzzword nowadays. In each business conversation, we hear plenty of project management methodology names such as Agile, Waterfall, Scrum, Lean, etc. But, in practice, do companies really know what it is about, how to apply those methodologies and do companies effectively use them?

Tailored project management methodologies, the holy grail for your company's health

Project management methodology involves guidelines, practices, techniques and procedures understood and followed within the organization. Different project management methodologies exist today with different levels of agility. For example, some (like Agile) simply define principles. Some (Prince2 for example) define a complete framework of principles and processes. Others are lighter and only define processes (like Scrum).

Why is a project management methodology important for your company?

Choosing and using a common project management methodology is important for every company. It will ensure the usual project triangle (time, budget, scope) is on track, is aligned with the initial expectations and is reported properly at a defined frequency. But, behind this, it will also give a direction and ensure a strategic alignment by establishing a clear plan on achieving business goals. A standardized methodology also enables harmonized cross-project and program analysis.

A project management methodology will help to ensure the right people are allocated to the right activities according to their expertise/domains and at the right time. This will enable companies to break down siloes by opening the discussion between different ‘interdependent’ teams who will learn from each other, encourage and motivate each other. Always using a standardized methodology also means that your teams don’t have to start from scratch for each project. You don’t need to re-invent the wheel, hence, you can become more efficient and mature as an organization.

Implementing a TMO for your digital transformation

We went into detail on why and how you implement a standard project management methodology, but we know it’s harder than it sounds. During a digital transformation, it’s very important that all stakeholders are aligned and well managed. Implementing and using the correct project management methodology is a crucial start to ensure the success of your transformation. But, to truly make your transformation work for you, a TMO (transformation management office) can lift it to a higher level. A TMO is the backbone of your project, and it goes further than choosing the right methodology for you. It governs the methodology, the progress and the quality while keeping in mind your end goal: a successful digital implementation. A TMO is your trusted partner during your most challenging transformation.