Why do so many projects executed by both private and public sector organizations fail to realize their expected outcomes.
In the modern volatile business environment project planning and control need to be much more flexible and embrace change as being the norm rather than the exception.
Adaptive project management deals with quick adaptation to project reality and changing scope.
Like the traditional model, you will also schedule, plan and identity vital dependencies and milestones with this method.
The adaptive project management approach offers more flexibility and provide opportunity for modifications or changing requirements before project completion.
In volatile environments where requirements change rapidly and stakeholder needs emerge during project execution, stakeholder value (and satisfaction) is best supplied through an adaptive management approach rather than traditional predictive techniques.
The Project Management Institute (PMI)® clearly acknowledges the emergence of this paradigm through their increased focus on adaptive concepts in the ANSI standard “Guide to the Project Management Body of Knowledge, seventh edition, (PMBOK® Guide)”.
While Agile project management is mainly focused on the project organization, adaptive Project Management takes it to another lever.
Besides helping you organize your project more efficiently, it also gives you the ability to include quantitative analysis methods, which can help you to better:
- analyze the model and test hypothesis,
- measure the actual performance of the project.
- analyze project risk.
Using adaptive project management helps the organization and the project team to be more reactive to changes, increases the success of a project and realize faster benefits for the organization.
