Project Management methods to build a service marketplace
Project management that drives your online marketplace from ideation to public launch
Project Managers at Cocolabs bring extensive experience to the production process having collectively launched over 70 online marketplaces. Their role is to ensure customer satisfaction, timely delivery of features and maintaining the most rigorous quality assurance standards possible. Additionally, they bring their expertise at every step of the ideation and design steps.
Cocolabs practices both Agile and Waterfall project management methodologies, with a clear preference for Waterfall management during the initial launch phase, before switching to Agile during the maintenance and evolutionary phases. However, each online marketplace deserves a tailored approach depending on the scope of the MVP, delivery deadlines and budgetary considerations. As a result, project management is often customized to meet the specific requirements of your online marketplace.
Waterfall: ideal for intial launch
Waterfall project management is a sequential and highly organized approach to online marketplace development. It entails that online marketplace requirements be clearly defined and documented, for example through general functional specifications and wireframes.
The main advantage of this approach is that production is predictable. We know what the expected deliverables are, what the production schedule is and of course what the cost of development will be. The main drawbacks are that preparatory work is longer, there is a stronger commitment to the production plan, and new features come after delivery of the initial scope, not during.
Cocolabs recommends the waterfall mythology for most MVP marketplace projects as their scope can be defined with confidence through specifications and wireframes.
Agile : great for future iterations
Agile is a modern project management methodology that is customer centric and highly flexible. It accepts loose commitments to a roadmap and operates around short production cycles. Responsibility is shifted on the product owner who decides what will be done and when.
The main advantages of Agile project management are the flexibility of production, and therefore the capacity to seize on new opportunities as they become apparent thanks to a more explorative approach to platform design. The main drawbacks are that responsibilities are squarely shifted to the client who may stray from initial budgetary and timeline requirements.
Cocolabs recommends Agile development for very large MVPs, where specifications cannot reliably be expected to cover each feature in detail. Cocolabs also practices Agile project management during post launch production (maintenance and evolution of the marketplace).
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