Project Management Methodologies

The Definitive Guide to Project Management Methodologies. 1 1. Waterfall. The Waterfall methodology is the oldest methodology on this list. It was first outlined by Dr. Winston Royce in 1970 as a response to … 2 2. Agile. 3 3. Hybrid. 4 4. Scrum. 5 5. Critical Path Method (CPM) More items

The methodology simplifies risks associated with project schedules, and is closely related to Gantt charts, so can be used as a support with other techniques of project management. When to Use It: It’s ideal for projects with great uncertainty throughout the life cycle, which means that it can be applied to almost any project.

There are different project management methodologies to benefit different projects. For example, there is a specific methodology, which NASA uses to build a space station while the Navy employs a different methodology to build submarines.

Project Management Methodologies diagram

Framework for aligning project management

A theoretical framework for aligning project management with business strategy. Paper presented at PMI® Research Conference: New Directions in Project Management, Montréal, Québec, Canada. Newtown Square, PA: Project Management Institute. Department of Engineering and Technology Management, Portland State University

A twoway influence between project management and business strategy, one suggesting the nature of the alignment between project management and business strategy. A process used for aligning project management and business strategy.

Shenhar’s Strategic Project Leadership (SPL) framework (1999) identifies the project management elements that organizations should align with business strategy, elements such as project strategy, organization, process, tools, metrics, and culture.

Framework for aligning project management diagram

Framework for aligning project management with business strategy

A theoretical framework for aligning project management with business strategy. Paper presented at PMI® Research Conference: New Directions in Project Management, Montréal, Québec, Canada. Newtown Square, PA: Project Management Institute. Department of Engineering and Technology Management, Portland State University

Although projects are the basic building blocks of organizational strategy in many companies, project management is not often recognized as a functional strategy and is rarely perceived as a business process, making the achievement of a project management /business strategy alignment even more difficult.

We have developed an empirically based theoretical framework that shows the impact of business strategy on project management—as well as the effect of project management on business strategy—and discusses the mechanisms used to strengthen that alignment.

Framework for aligning project management with business strategy diagram

Project Management

Project Management – Project Management Analysis – Project Management Stages – Project Management Framework – Project Management Business Methodology – Project Management model is one of the top business frameworks used for managing and leading projects and other kind of engagements. The model brings some structure to the project phases and makes it more organized.

The project stages include initiation, planning and design, executing or implementation, monitoring and controlling, closing. There may be other stages depending on the nature of the work. Work planning varies depending on the resources assigned, project timelines, etc. Below sample images are examples of Project Management stages.

project management

Project Management diagram