Benefits of utilizing project management practices for credit unions

Iterative improvement, resource management, and risk management are traditional project management tools that are used for fostering efficiency, effectiveness, and overall smooth execution of a project lifecycle. While these tools are of popular use in project management, they also transcend into other applications, such as credit union management.

Iterative improvement

One of the most popular project management methodologies, Agile, leans on the practice of iterative improvement. The goal in Agile is to improve efficiency and effectiveness on a compounding level. Iterative improvement is a process of making continuous, incremental enhancements to a project or process.

This is achieved by outlining a plan, executing the plan, and then completing a retrospective. A retrospective is, according to Atlassian, “an opportunity for a team to reflect on the past to improve the future.”

 

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