The importance of a project management framework

A frame is often used to add support to existing items. Think about the building you are in and how the frame and base structure is responsible for keeping everything together. And the bigger the building, the bigger the frame. If the frame isn’t the right fit, it’ll all crumble to the ground. The same can be said about your project management framework.

When it comes to your project management framework, it needs to encompass all the elements of your project plan, it needs to be the right fit. The essential parts all need to slot in together in order to properly plan, manage and monitor projects until completion. If one element is missing, the entire setup will be out of sync and ultimately fail.

Why you need a project management framework

The framework you choose to use can help your team keep track of project goals and deadlines, and easily pick up on any inefficiencies along the way.

This is because a project management framework is made up of templates, processes, activities and tools that are all used throughout the project lifecycle. It tells you exactly what needs to be done and when allowing everyone to be on the same page and keep track of everything. It differs from the methodology in that it’s more detailed, the methodology is merely a high-level view of ideas.

There are so many options when it comes to project management frameworks. This can include Scrum, Scaled Agile Framework, Critical Chain Project Management and Kanban framework – all of which can be utilized in Monday.com

The elements of a project management framework

Within a project management framework are three main elements, namely the 5 life cycle processes, project outputs, and tools. These building blocks are beneficial in creating a repeatable, easy to follow method for both present and future projects.

The lifecycle includes all the stages of the project, from initiation to closing and everything in between. The outputs are the deliverables that need to be met and can be generated using templates through the different project phases.

In terms of the tools used, these are often used to visualize the status of the project and can include a Gantt chart, burndown chart and critical path chart. There are, of course, a lot more tools that can be added to the equation. And the best part? Mpnday.com offers all of them, turning your project dreams into a manageable, easy to follow reality.

Something important to remember is that there’s no umbrella approach to this, one size does not fit all. You need to determine your business needs and develop a framework that’s able to meet them.