A Hybrid Project Management and PRINCE2 Agile Methodology

If you are wondering what Hybrid Project Management is..! It is about integrating two or more methodologies to create a unique Project Management methodology.  

PRINCE2 Agile was launched in 2015 to develop practices feasible for professionals who work in an agile environment. According to Payscale, a PRINCE2 Agile professional can expect an average salary between £27,000 - £82,000 based on their experience and skill level.  

PRINCE2 Agile is an ideal example of creating a perfect blend of two varied practices into one with the least or no conflicts. This PRINCE2 Agile ensures that the quality of the project is maintained to deliver according to the expected results. 

PRINCE2 Agile methods manage and allocate greater responsibility on driving choices as to; how to manage projects with a greater understanding of what to include and what to avoid. This approach ensures that the Project Manager takes the right call to implement the project needs. 

Table of Contents

1) What is Hybrid Project Management? 

2) What is PRINCE2 Agile? 

3) Benefits of Hybrid Project Management 

4) Benefits of Agile Project Management 

5) What has led to a rise in Hybrid Project Management?  

6) Conclusion 

What is Hybrid Project Management?

The term ‘Hybrid Project Management’ refers to combining two or more existing methodologies to create a new methodology which can be used in practice.  
 

In recent years, Hybrid Project Management has earned a remarkable reputation among multiple organisations. Hybrid Project Management integrates the advantages and best practices from several established Project Management methods.  

Organisations that employ a Hybrid Agile Project Management method gain enormous benefits from the speed and adaptability of Agile, with the clarity and rigid structure of a Waterfall.  

A few popular Hybrid Project Management includes Agifall and Wagile hybrid Project Management models.  

Agifall

Agifall is an upfront process that focuses more on thorough research and planning stages to build tasks to put into practice successfully.  

Wagile    

In this approach, the Agile methodology is incorporated in certain aspects of the project into the Waterfall process. 

What is PRINCE2 Agile? 

PRINCE2 Agile blends with the defined strategy and governance of PRINCE2 with the autonomy, responsiveness, and flexibility of Agile. The PRINCE2 Agile certification is a reputed Project Management certification recognised and accepted by businesses and organisations across the world.  

The PRINCE2 Agile delivers two levels of training and certifications:  

PRINCE2 Agile Foundation: The training under this programme provides the PRINCE2 fundamentals for the individual to implant PRINCE2 Agile methods in their regular work routines. This practice helps you embed the PRINCE2 governance requirements and further apply agile techniques and concepts between them.  

PRINCE2 Agile Practitioner: This course approves and gets hold of the knowledge acquired in the PRINCE2 Agile Foundation and administers it in real-life workplace scenarios, using practical management experiences.  

In case you want to choose the PRINCE2 Agile Practitioner training, then you are obliged to hold a PRINCE2 Foundation certification priorly. The PRINCE2 Agile exams are not necessarily hard. It requires a thorough understanding of the concepts, principles, techniques, and all the associated syllabi, as well as the potential to apply them in practice. 

Find out more about PRINCE2 Agile Foundation, Now! 

Benefits of Hybrid Project Management 

The benefits of Hybrid Project Management include the following: 

Increased Productivity  

A hybrid model can boost employers' strengths by offering them a flexible environment to work according to their comfort level. The employees can choose an office setting or other personal choice to escalate their productivity. 

Possibility to Learn Continuously

The hybrid model encourages employees to invest time in learning, upskilling, self-reflection, and self-development. The hybrid work model makes it possible for the employees to work outside office hours; this enables them to schedule the working hours peacefully without getting disturbed in their comfort zone. 

Compatibility 

A Hybrid Project Management model can be applied, to any size of the project, in any industry irrelevant of its complexity.  

Employee Satisfaction and Flexibility

Having given the freedom to employees to choose how, when, and where your team members will provide your employees with the utmost job satisfaction they desire.  

Improved Collaboration and Work Relations  

The hybrid model can enable an employee to work at their comfort level and pace. The work involves lots of virtual meetings. According to the survey conducted by Microsoft, there is a 45 per cent increase in the Teams chats per day by February 2020. 

Better Work-Life Balance 

The hybrid model works best to fit both work and life altogether. It helps you reduce stress and the same time, finish your job peacefully at your leisure.  

Benefits of PRINCE2 Agile Project Management 

Here are a few benefits of PRINCE2 Agile Project Management: 

Adaptable: It can be easily applied to any project and be tailored as per the guidance provided depending on the project’s size, type, and sector or industry, creating endless possibilities to collaborate on a project.  

Widely used and recognised: PRINCE2 is already widely used and accepted in several organisations. Introducing the PRINCE2 Agile certification and agile methods into your projects will boost your job prospects and the organisation’s popularity.  

A Perfect blend of two management methods: Incorporating agile techniques into the projects does not have any detrimental effect on your projects. The PRINCE2 Agile is a perfect blend as it has no conflicts while assimilating two different project methodologies. 

Ensures Quality: The PRINCE2 Agile adheres to the strategic objectives, ensuring the highest quality in your projects, working towards the desired outcome at the delivery level of the final project output. 

Professionals who wish to enhance their skills in the Project Management discipline can register for PRINCE2 Agile Practitioner Training Now. 
 

What has led to a rise in Hybrid Project Management? 

The crucial factors which have led to Hybrid Project Management include are:  

Increased Market Competition  

Every industry out there has witnessed technological evolution in recent decades and the need to stay competitive among businesses around the world and respond actively to the arising issues.  

A rise in Complex Projects  

To meet the market’s demand, every organisation is impulsive towards improving Project Management practices; to effectively complete the project's complex nature.  

Customer Expectations  

As the customer's needs keep changing drastically, businesses need to keep track of them and react more quickly to address their issues. The increased focus on the customers makes them expect better resources, particularly usability, speed, and personalisation. 

Conclusion 

In this blog, we have understood a hybrid Project Management system and how beneficial it could be when it perfectly blends to create a better version of the Project Management techniques. Adopting a recognised approach such as PRINCE2 Agile can increase your popularity individually and create broader opportunities for your organisation. 

Are you interested in building a career in the Project Management field? Check this PRINCE2 Agile Foundation and Practitioner Training Now.