project management strategy

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.

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 with business strategy

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.