Project methodologiesDefinition:A project methodology is the collection of practices, procedures, techniques, and rules used by the experts while working on the discipline. “Project manager uses methodologies for providing structure and the framework to the delivered projects by using principles, framework, themes, standards, and processes” (Obrutsky, 2016). Role of project methodology:The objective of the project methodology is to design a development process which is reasonable, flexible, comprehensive, and accessible. “The project management methodology works as an asset for the project manager for evaluating the project goal and deliverables” (Karaman & Kurt, 2015). The methodology is the medium which provides a common platform for communication and initialization of the project. It helps in encouraging the planning process for starting the work. The projects can be efficiently managed by using pre-determined metrics and reporting tools. The hierarchical structure of project management is shown in the figure below:Types of methodologies:Traditional approach: The project management process includes a series of steps which includes initiation, planning, execution, controlling, testing and validation, and implementation. It is also known as waterfall methodology.PMBOK guide: “Project management body of knowledge serves as a methodological approach for implementation of different steps included in the flow of process model such as planning, execution, control, and termination of the project” (Fitsilis, 2014). Prince2: Prince2 stands for project in controlled environment which is used for process driven methods and the approaches applied in the private sector. 2

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