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Project Management Methodology

In: Business and Management

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Project Management Methodology
Project Management methodology is " is a strictly defined combination of logically related practices, methods and processes that determine how best to plan, develop, control and deliver a project throughout the continuous implementation process until successful completion and termination. It is a scientifically-proven, systematic and disciplined approach to project design, execution and completion"(McCollell, 2010).

10 Types of Project Management methodologies

1. Agile Methodology helps a manager define the project with the stakeholders, improve team input, and have efficient project monitoring.
2. Water Methodology is used once the project scope is defined to assign teams with clearly set goals and timelines. Typically used software to get the model useable.
3. Change Management Methodology helps a manager prepare for planned and unplanned changes with offering how to deal with both stakeholders and team when change occurs.
4. Risk Management Methodology is used for identifying risk and how to deal with them. Risk management is useful for analyzing how a risk is going to affect the project
5. Quality Management Methodology is used to ensure a quality end-product and that all the process involved during the project life cycle is carried out efficiently.
6. Prince2 manages using cost, timescale, quality, scope, risk, and benefits
7. Six Sigma is identifying and removing the causes of defects is a process
8. Rapid application development is an interactive use of structured techniques that prototypes a system design.
9. Package Enable re-engineering- traditional method of PMM.
10. Kanban- Where a project work is displayed on a board. 5 Phases of PMI Project Management Methodology

1. Project conception and initiation- Project or no project? Is a project worth it for the company?
2. Project definition and planning-...

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