Enterprises face significant barriers while trying to adopt a fully agile approach. It is demonstrated that an incremental approach is highly appreciated compared to a traditional one especially in the IT sector, but internal and external factors force companies to slow down this transition. This master thesis aims to explore the impact of a tailored hybrid project management approach on a small-sized IT consulting company in order to overcome common drawbacks of adopting a waterfall or purely agile approach, with a particular focus on the monitoring phase by building an ad-hoc project monitoring dashboard. To understand the benefits of such custom approach, the company’s project managers have been interviewed to assess an as-is analysis of the internal project management process, in which it resulted that there was a lack of standardization and each project manager adopted its personal approach.