Chief Product Team 
Have you ever heard about the 6 project management techniques? Keep your interest, since this is the focus of this article. Let’s find out.
Introduction
The 6 project management techniques are a set of principles for the effective management of a project. “Management” refers to the supervision, coordination, and control of the processes, activities, actions, and functions involved in the entire process of project management. Thus, these principles apply to all types of projects. That is why they are called “6 project management techniques”. To explain it further, let’s talk about each of these 6 methods.
6 Project Management Techniques
Technique #1: Define the Scope
This refers to the tasks and activities that are needed to complete the project. The scope is usually expressed in terms of a statement of work or a project specification. It is defined in terms of what is to be done, why it is needed, and also how it will be done. It is mainly composed of two parts: what are the specific deliverables which will be produced by the project and who will produce them.
Technique #2: Determine Cost
The cost of a project is the total amount of money spent to complete it. It can be broken down into five components: cost of work performed (CWP), cost of resources (COR), cost of quality (COQ), cost of risk (COR), and cost of delay (COD).
Technique #3: Define the Schedule
This refers to the plan and sequence of the project activities. It is usually expressed in terms of calendar dates, tasks, and milestones.
Technique #4: Determine the Resource Requirements
This refers to all of the resources that are needed to complete a project. It is mainly composed of human, financial, and material resources. It also includes information, equipment, and facilities.
Technique #5: Determine Risks, Assess Risks, Determine Risk Responses and Resolve Risks
Risk is a possibility that something negative may happen to a project. This concept is associated with the uncertainty that is present in a project. It is a common occurrence in projects and we can’t avoid it. Risk is a crucial element of project management since it helps identify the possible problems that may arise, prepare preventive measures, and determine appropriate responses to the possible problems. Thus, it helps avoid the occurrence of risks and helps minimize their negative effects.
Technique #6: Control the Project
This refers to the processes and activities which are needed to control a project. It involves the performance of activities such as project monitoring and controlling, reporting, and documenting, among others.
Conclusion
Thus, there you have it! The 6 project management techniques or principles are very useful in managing a project effectively. It is easy to remember these techniques since they are all composed of the same words. Start applying it right now and you will see how beneficial it is. You can also use this as a guide in conducting your project. In addition, you can use it as a reference in your future projects.
Hopefully, this article was able to help you understand the 6 project management techniques. In addition, you were able to learn how to apply these principles in managing a project effectively.
