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Analysis Study Research Paper | Business Administration | United States of America | Volume 13 Issue 10, October 2024 | Popularity: 5.2 / 10
Constructive Effect of Hybrid Project Management Methodologies on Success Rates of Projects
Shilpa Gawande, Sharmina Jiwani
Abstract: The current developments in project management reveal the integration of Waterfall and Agile methodologies, a combination of formal and flexible systems of managing projects. This research investigates how hybrid methods can improve the project result and how implementers can achieve and overcome the difficulties encountered. This paper conducts an integrative literature review of the trends in the hybrid approach to project management and the effect it has on the success of projects. As one can observe, the benefits of hybrid methodologies include flexibility, adaptability, and better cooperation, whereas the drawbacks are seen in the difficulties of integrating both the bottom-up and top-down approaches and considering the vast range of stakeholders' expectations. The results show that hybrid approaches are preferred and, therefore, suitable to manage various and constantly changing project contexts and that there is a need to adopt specific solutions to guarantee the success of projects. This study's findings will interest project managers and organizations implementing hybrid methodologies in their projects by providing insight into tangible benefits and outlining areas for future research.
Keywords: Hybrid Project Management, project success rates, agile methodologies, and traditional project management, constructive effect
Edition: Volume 13 Issue 10, October 2024
Pages: 50 - 54
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