If you’re wondering what Hybrid Project Management is, keep reading! It is about combining two or more approaches to form a distinct Project Management methodology.
PRINCE2 Agile was introduced in 2015 with the goal of developing practices suitable for professionals working in an agile environment. According to Payscale, individuals with PRINCE2 Agile certification can anticipate an average salary ranging from £27,000 to £82,000, depending on their experience and skill level.
PRINCE2 Agile serves as a prime example of successfully combining two diverse practices without conflicts. This integration ensures that project quality is maintained and results are delivered as expected.
PRINCE2 Agile methods give project managers more responsibility for project management decisions, as well as a better understanding of what to include and avoid. This method ensures that the Project Manager takes educated decisions in order to properly fulfill the project requirements.
What is Hybrid Project Management?
Hybrid Project Management is the term used to describe the process of merging two or more established methodologies to develop a novel approach that can be applied in practical project management scenarios.
Over the past few years, Hybrid Project Management has garnered a significant reputation across various organizations. It involves the incorporation of advantages and best practices from multiple well-established Project Management methodologies.
Organizations that adopt a Hybrid Agile Project Management approach benefit greatly from the speed and adaptability of Agile, combined with the clarity and structured framework of Waterfall methodology.
Some well-known examples of Hybrid Project Management models include Agifall and Wagile.
Agifall
Agifall is a proactive approach that places emphasis on extensive research and meticulous planning stages to effectively develop tasks for successful implementation.
Wagile
In this approach, the Agile methodology is integrated into specific aspects of the project within the Waterfall process.
What is PRINCE2 Agile?
PRINCE2 Agile combines the structured strategy and governance of PRINCE2 with the autonomy, responsiveness, and flexibility of Agile. The PRINCE2 Agile certification is a highly regarded Project Management certification that is recognized and accepted by businesses and organizations worldwide.
The PRINCE2 Agile delivers two levels of training and certifications:
PRINCE2 Agile Foundation: The training offered in this program equips individuals with the foundational knowledge of PRINCE2, enabling them to integrate PRINCE2 Agile methodologies into their daily work routines. This practice enables the incorporation of PRINCE2 governance requirements while also facilitating the application of agile techniques and concepts in a harmonious manner.
PRINCE2 Agile Practitioner: This course validates and applies the knowledge gained in the PRINCE2 Agile Foundation, simulating real-life workplace situations and utilizing practical management experiences.
If you opt for the PRINCE2 Agile Practitioner training, it is necessary to have a PRINCE2 Foundation certification beforehand. While the PRINCE2 Agile exams are not inherently difficult, they do require a comprehensive understanding of the concepts, principles, techniques, and related syllabi, along with the ability to apply them effectively in practical scenarios.
Benefits of Hybrid Project Management
The benefits of Hybrid Project Management include the following:
Increased Productivity
Employers may improve their positions by using a hybrid model that provides a flexible work environment that suits their employees’ desires. Individuals can choose between an office setting and alternate arrangements that best fit their comfort level, resulting in enhanced productivity.
Possibility to Learn Continuously
The hybrid model promotes a culture of continuous learning, upskilling, self-reflection, and self-development among employees. With the hybrid work model, individuals have the flexibility to work outside of traditional office hours, allowing them to schedule their work in a manner that promotes peace and minimizes disruptions to their comfort zone.
Compatibility
The application of a Hybrid Project Management model is not restricted by project size or industry. It can be implemented across projects of any scale and in diverse industries, regardless of their complexity.
Employee Satisfaction and Flexibility
By granting employees the freedom to choose how, when, and where they work, you can provide your team members with the job satisfaction they desire and deserve.
Improved Collaboration and Work Relations
The hybrid model allows employees to work at their own pace and comfort level, especially considering the prevalence of virtual meetings. According to a survey conducted by Microsoft, there was a significant 45 percent increase in Teams chats per day as of February 2020.
Better Work-Life Balance
The hybrid model is highly effective in balancing work and personal life, enabling individuals to reduce stress while also allowing them to peacefully complete their job at their own leisure.
Benefits of PRINCE2 Agile Project Management
Here are a few benefits of PRINCE2 Agile Project Management:
Adaptable: The hybrid model can be readily implemented in any project and customized based on the provided guidance, taking into account factors such as project size, type, sector, or industry. This versatility opens up endless possibilities for collaboration on a project.
Widely used and recognized: PRINCE2 is already widely adopted and recognized in numerous organizations. By incorporating the PRINCE2 Agile certification and agile methods into your projects, you can enhance your job prospects and elevate the organization’s reputation.
A Perfect blend of two management methods: Integrating agile techniques into projects does not have any negative impact on their outcomes. PRINCE2 Agile is an ideal fusion that seamlessly combines two distinct project methodologies without any conflicts.
Ensures Quality: PRINCE2 Agile aligns with strategic objectives, guaranteeing the highest level of quality in projects and working towards the desired outcomes when delivering the final project output.
What has led to a rise in Hybrid Project Management?
The key factors that have contributed to the emergence of Hybrid Project Management are:
Increased Market Competition
Across various industries, there has been a notable technological evolution in recent decades. This has created a need for businesses to remain competitive on a global scale and proactively address emerging challenges.
A Rise in Complex Projects
In response to market demands, organizations are driven to enhance their Project Management practices in order to efficiently navigate the complexities of project execution.
Customer Expectations
With the ever-changing customer needs, businesses must stay vigilant and respond swiftly to address their concerns. The heightened customer focus creates an expectation for improved resources, specifically in terms of usability, speed, and personalization.
Conclusion
In this blog, we have explored the concept of a hybrid Project Management system and its significant advantages when different techniques are seamlessly combined. By embracing a recognized approach like PRINCE2 Agile, individuals can enhance their personal reputation and unlock broader opportunities for their organization.
Here at CourseMonster, we know how hard it may be to find the right time and funds for training. We provide effective training programs that enable you to select the training option that best meets the demands of your company.
For more information, please get in touch with one of our course advisers today or contact us at training@coursemonster.com
