Project Management Methodologies
So many methodologies to choose from you can't go wrong. Right? We have Critical Path Method (CPM), Waterfall, Agile, Scrum, Kanban, and Prince2. There are many more out there. The point I'm stressing is that you select the right methodology. Go wild with a hybrid if you feel constrained. Remember that you have a budget to track and a delivery date to meet.
Flexibility might look good, but too much flexibility will come at a cost if you are not careful. Keeping within the scope of the project is key when you deviate from traditional methodologies. Keeping the stakeholders in the loop is imperative so they are fully aware of where you are at in the project.
Tracking The Project
No matter what methodology you use, you better track your approved budget all the time or you will have some explaining to do later if you happen to go over it. It's better to explain along the way and justify that you need more money for unforeseen bumps in the road.
Update your project plan to make sure your target dates will be met. If the dates are sliding you need to meet with the stakeholders to present options to them. Time for you to work some magic now. Throw some bones to those stakeholders to keep them happy.
I suggest you track your budget on a weekly project status report. Include key tasks that have been completed and tasks planned for the next week. Always have weekly targets, don't just wing it because you see some flexibility in your schedule. Always keep your eye on the finish line.
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