April 24, 2023

3 Key Project Management Strategies for Big Companies

Written by
Toland Lawrence
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Coming up with good ideas is easy, but executing on them is hard.

That is why good project management strategies are so important for the success of any company. This is especially true at bigger organizations where keeping track of hundreds of people and projects is challenging. When companies are still using outdated tools and methods, it becomes even more difficult to control the chaos. When execution is slow and inefficient, it isn’t long before a competitor comes in to overtake you.

So how does your company get more done?

In this post, we’ll explore three strategies that innovative companies are using to streamline project management and stay ahead of the competition.

1. All things Agile

Agile methodologies have longed dominated software development teams. The sprint structure of Agile allows software development teams to be more adaptable and responsive to customer needs. Adaptability is critical in this rapidly changing market.

In this volatility, Agile methodologies, which emphasize flexibility and responsiveness, are more effective than traditional software development methods. And as company leaders saw the benefits, Agile has steadily moved into industries other than software development. That is exactly what happened at Navigating Cancer.

The marketing team at Navigating Cancer was struggling to manage priorities in their current system. Then they saw the how Agile was helping their development team. They starting implementing two-week sprints and saw a complete 180 in their ability to execute on strategic priorities.

So if you’re constantly running into changes in priorities, tasks, goals, and other areas, implement Agile in a way that fits your business and helps your team work more efficiently.

Read more: Trello vs. Jira: Top Agile Project Management Tool (2023)

2. Modern communication tools

With an increasingly global and remote workforce, it takes work to get everyone on the same page. That’s where the newest collaboration tools come in.

With a friendly interface and flexible structure, employees are rapidly adopting social collaboration tools, like Slack. These tools provide an easy way to directly communicate with colleagues or teams. Even better, they can reduce the need for complicated email chains and endless conference calls with efficient asynchronous collaboration.

However, the right tools are only one element to good communication strategy. You have to agree on basic standards for how you communicate, like uses of certain hashtags and @mentions to flag important items. Otherwise, it will quickly become hard to manage or understand.

Read more: SharePoint vs. OneDrive for Business—What’s the Difference?

3. Intraprenuership

Now more than ever, companies have been empowering employees to take ownership of their part of the business. Although not a formal project management strategy, it actually has a huge impact on how things get done in your organization.

If an employee sees an opportunity, at many companies, they can start their own team and pursue it with a great deal of autonomy. This allows companies to innovate quickly, increase employee satisfaction, and give employees an opportunity to have a real impact. It also makes the company more flexible and innovative by expanding the pool of thought leaders.

When they aren’t subject to so much bureaucracy, employees can more efficiently execute their plans. This is what happened several years ago to Healey Cypher, chief of staff for global product management at Ebay.

When eBay was only offering e-commerce services, Healey noticed that consumers were still buying 75% of their consumer purchases in store. He saw an opportunity for eBay to get involved in the retail market. He put together a team and created new interactive storefront where customers can see on sale items and purchase them right on their phones. This was so successful it eventually grew into a whole new division of the company.

Because Healey was given the autonomy to pursue this idea, he was able to execute it quickly and successfully.

Read more: Asana vs. Monday.com: Top Project Management Software in 2023

Be creative with project management

In this fast-paced market, it is more important than ever that you employ strategies that allow you to adapt and innovate quickly. Your company can’t succeed unless you effectively get things done.

There are many different methods and strategies for streamlining project management. These are just a few strategies that may work for your company.

Toland Lawrence is marketing lead at Hive.com, a team collaboration platform. She’s obsessed with productivity and passionate about helping teams work better together.

Featured project management partners

1 Wrike

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Wrike’s top-notch workflow management software allows you to easily visualize priorities, boost collaboration, and maintain control of your projects. Bonus: you can move seamlessly between apps, without logging in or out. Wrike has more than 400+ integrations with popular platforms such as Google, Dropbox, Microsoft Office, and many more. Automation and AI features strip away time-consuming admin tasks so you can do the best work of your life.

Learn more about Wrike

2 monday.com

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monday.com Work OS is the project management software that helps you and your team plan, execute, and track projects and workflows in one collaborative space. Manage everything from simple to complex projects more efficiently with the help of visual boards, 200+ ready-made templates, clever no-code automations, and easy integrations. In addition, custom dashboards simplify reporting, so you can evaluate your progress and make data-driven decisions.

Learn more about monday.com

3 Quickbase

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Big ideas aren’t simple to execute. So we’re here to help you tackle any project, no matter how complex. We’re Quickbase.

Quickbase helps customers see, connect and control complex projects that reshape our world. Whether it’s raising a skyscraper or coordinating vaccine rollouts, the no-code software platform allows business users to custom fit solutions to the way they work – using information from across the systems they already have.

Learn more about Quickbase

Browse all project management software →

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