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.
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