Project management methodology plays a significant role in structuring and streamlining of project process.
It improves project relations to be become more effective and efficient as well as organised.
Project management is therefore essential in realising the goals and objectives to delivering successful projects (Hornstein, 2015, p.294).
Project managers use management methodology which helps the project in each phase such as initiation, planning and project implementation.
Importance of Project Management
Improves strategic alignment: Project management is significant because it makes sure that what is being delivered is correct and delivered in a real-setting value in line with the business opportunity.
Enhances leadership: project management is significant because it offers directions and leadership to projects.
Leadership allows the project teams to work to the best of their capacity.
Project management offers motivation, leadership, getting roadblocks out of the way, project vision as well as inspiration to the project teams so that they can perform their work in the most effective way.
Clear focus and objectives: project management is significant as it work to ensure that there is a well-organised plan on how to execute a project’s strategic goals.
Types of Project Management Methodologies
Project management methodology is a set of guiding processes and principles for controlling a project.
Project methodology describes the manner in which the project manager work and communicate to the project team and stakeholders.
Some of the common project management methodologies include:
Waterfall model-Waterfall is a linear and sequential design technique in which the progress of the project moves in one direction.
In this approach one project has to be completed before moving to the next project phase.
Agile-Agile make attempts to increase the organisation’s flexibility through short development period referred to as sprints to accomplish projects.
Every sprint gets continuously re-examined to give project teams the chance to make rapid improvements.
Lean six sigma-this project concentrates on statistical analysis for measuring a business operations through an evaluation process such as analysis, improvement, control, definition and measure.
Parts of Project Management Methodology
Project management methodology is categorised into three key parts initiation, control and closing.
Initiation: All project commences with a concept for a desired product of service that is to be attained.
The concept is then communicated to the project sponsor through the mandate, which offers a structured technique regarding the project’s business case.
When the mandate is approved the project is documented to explain the project in an expansive way (Joslin, and Müller, 2015, p.1380).
Project initiation highlights the project goals, scope, constraints, deliverables, objectives, key human resources, assumptions, risk management, project cost and duration.
Control: It include tracking and management of the project which is maintained with the help of a project plan.
Closure: Project closure involve weighing of the project deliverables against the project plan checklist.
Hornstein, H.A., 2015. The integration of project management and organizational change management is now a necessity. International Journal of Project Management, 33(2), pp.291-298.
Joslin, R. and Müller, R., 2015. Relationships between a project management methodology and project success in different project governance contexts. International Journal of Project Management, 33(6), pp.1377-1392.
Todorovi?, M.L., Petrovi?, D.?., Mihi?, M.M., Obradovi?, V.L. and Bushuyev, S.D., 2015. Project success analysis framework: A knowledge-based approach in project management. International Journal of Project Management, 33(4), pp.772-783.