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What is Project Management Methodology?

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Jay Davis
What is Project Management Methodology?

The leading business leaders are relying on project management methodologies.

Without it, the project literally gets many drawbacks.

In a recent report by Standish Group, it was observed that only “36% of projects have reached the entire requirement in a project.”

So now the question arises, why do many projects get off track?

There might be a lot of reasons for the lack of requirements in the project. But most of the projects marked a common factor. It is because of unclear directions.

So you can overcome this issue by following the project methodology.

Project management Methodology

A Project management Methodology refers to a set of principles and processes used to manage a project.

The project methodologies help in defining a governance structure, process guidelines, processes involved, test activities, and deliverables. All the features involved are necessary for project success.

So, if you want to manage your project in the best possible way, the project management methodology will help you in achieving it.

Why do you need a Project management Methodology?

Project Management methodology generally aims to standardize, organize and structure the work methods.

This helps to keep the focus on all the projects and allows you to repeat the successful aspects in every project and if any mistakes occur, you can rectify it and learn from them.

It results in continuous improvement in a project.

With Project Management methodology, you are adding more efficiency to the project.

“No matter how good the team or how efficient the methodology, if we’re not solving the right problem, the project fails” – Woody Williams

What are the various types of Project Management Methodologies?

A project becomes successful depending on the project methodology it has used. A methodology that works for you doesn’t mean the same methodology will work for the other.

Therefore it is important to understand the various methodologies and choose the right one.

Here is the list of project management methodologies to use for your project:

1. Agile:

After dissatisfaction with the linear approach of traditional project methodologies, agile project management was developed.

Agile project management methodology was created to manage complex projects. It is an iterative and people-centric approach to project management.

With Agile Project Management Software, you can reduce the complexibility of the project by breaking down the project into small segments.

The key principle of Agile Project management methodology is:

  • Open to data-driven change
  • Quick
  • Collaborative

In many methods of Agile Project management, you can add the “work to be done” in the backlog. The team can work through various phases or cycles.

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