eCommerce sales are on the continual rise with a reported compound annual growth rate (CAGR) of 8.99% in the US. In countries such as Turkey, Brazil, and India, eCommerce CAGR exceeds 11%. Such an opportunity means you must ensure your next eCommerce project is successful.
How do you set your online business to run smoothly? By developing and implementing a well-thought-out plan. Whether you’re launching a mobile app or moving to a new domain, every eCommerce project can make or break your business.
This article guides you through the eCommerce project management process.
What Is Project Management in eCommerce?
eCommerce project management encompasses creating, organizing, and implementing an initiative. A plan is developed around objectives, available resources, and other specifications. Project tasks are coordinated, delegated, monitored, and adjusted as needed to reach business goals.
The project manager oversees the entire process. They tackle key metrics and steer the team to deliver on time.
Managing eCommerce requires you to navigate through the world of digital monetization. That doesn’t mean that eCommerce is strictly limited to retail trade. U.S. Census data shows that the most active eCommerce industries are manufacturing and wholesale.
Some Examples of eCommerce Project Management
Starting an eCommerce business is a big project, and there are many stages involved. You might be in the digital startup phase. If not, you might be looking to bring forth a fresh initiative or implement a new platform.
Let’s run through some examples of e-commerce projects for inspiration.
Website redesign: you want to improve the user experience (UX) for online shoppers.
Rebrand: updating the imagery for your online channels, including your eCommerce site.
Mobile app development: creating a streamlined shopping experience for smartphone customers.
Localization: tailoring your website for various international markets and geographic regions.
eCommerce platforms: migrating to a new solution for greater capabilities.
SEO uplift: targeting keywords with content marketing to rise in the search engine rankings.
Improved security: upgrading infrastructure for better encryption and compliance with data privacy regulations.
Launching a new product or service: tailoring your eCommerce store to accommodate a new audience or market.
Integrating new systems: connect business communication tools or customer relationship management (CRM) to your platform.
What Are The Benefits of eCommerce Project Management for Businesses?
Project management has its roots in construction and engineering. Today, it’s an essential component of running a business. Good eCommerce project management requires careful planning and coordinated effort. So what’s the payoff?
The following are common benefits of eCommerce project management for businesses:
Better organization: Ensure you stay up-to-date on timetables and requirements.
Greater efficiency: Get the most out of your resources, shifting where you put them as needed.
Promotes collaboration: Management tools like Kanban boards help everyone know what needs addressing.
Higher success rates: Aligns every team member to deliver successful projects on time.
Iterative development: Enables agile development and flexibility to adjust as needed.
Reduces costs: Spend fewer resources trying to fix problems and eliminate redundant workloads.
Increased customer satisfaction: Market research and customer feedback empower better results.
What Are The types of Project Management Methodology?
Each organization has its way of doing things. Wherever you fall on the spectrum, there’s a project management methodology that works for you.
Here are some of the most used project management frameworks; they mostly center around fostering effective team collaboration.
Agile
Agile project management emphasizes flexibility and collaboration, and is based on iterations. Each iterative unit is developed in a few weeks or a month, ready to ship upon completion. Agile project management uses sprints to complete each segment.
During development, the team gathers constant customer feedback and adjusts project components accordingly. You can prioritize time, features, or other goals with agile management.
A recent report found that 43% of agile teams focus on customer satisfaction.
Lean
Lean project management maximizes output and minimizes waste. It aims to get the most bang for your buck. Products are built for customer value.
Lean is also part of the agile methodology family. Continuous improvement is integral to the process. Instead of constant communication, teams are empowered to make decisions and improvements.
Typically, new tasks or mini-projects are based on pull requests from the customer. The pull system is combined with value stream mapping to deliver what the customer needs at the lowest cost possible.
Lean eCommerce project management keeps you agile while dealing with limited resources.
Kanban
Kanban project management is a visualization framework for planning and organizing tasks. It is another agile methodology that uses intuitive workflows to enhance transparency.
A Kanban board breaks tasks into categories like “To Do” and “In Progress.” Team members access the visualization to see who is working on what and which tasks need to be completed, thereby facilitating effective team work.