Choosing the right project management framework for your startup is vital, as traditional corporate project management practices could hinder innovative early-stage startup projects.
However, this couldn’t be further removed from the reality of startup projects:
Second, startups have few resources, so wasting any could be deadly. Wasting 4 hours of the time of the founders could be equivalent to wasting 50% of the productivity of the organization for the given day in theThe communication flow needs to be efficient. Video and in-person meetings should be reserved for high-level strategic discussions, and they should be backed by validation and traction data.
At the same time, top-level overview meetings are more essential for startups than for corporations, as an early-stage startup needs to go through multiple iterations and even pivots. Getting bogged down in the day-to-day operational details could prevent you to see clearly the long-term course of the project, which needs to be carefully navigated.
And last but certainly not least, the project management practices need to be agile. The team needs to be able to discard tasks, ideas, and even projects fast once there is negative feedback from the market. Moreover, because of the lack of resources, the team needs to be able to prioritize clearly and efficiently. It’s OK if 80% of the “good to have” things get ignored if 100% of the critical tasks are done as well as possible.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
The Best Project Management Framework For StartupsChoosing the right project management framework for your startup is vital, as traditional corporate project management practices could hinder innovative early-stage startup projects.
Read more »
The Best Nintendo Switch Games We're Playing Right NowRS Recommends: Our product editors review the best Nintendo Switch games to buy right now
Read more »
Amazon Just Secretly Dropped $50 Off These Best-Selling AirPods Pro TodayIt's an early Black Friday miracle.
Read more »
Meghan Trainor Told Jimmy Fallon That Having Double Toilets Is 'The Best Thing I Ever Did'The saga continues...
Read more »
Charli XCX Is Ready to Deliver “Everything That You Want from the Best Pop Star Ever”Including new music and a jewelry collaboration with Pandora.
Read more »
Kyrie Irving: Refusal to get vaccinated about 'what's best for me'Speaking on Instagram Live, Kyrie Irving said he didn't want to lose salary or a chance to compete for a championship with the Nets, but was doing “what's best for me” by refusing to get the COVID-19 vaccine.
Read more »