Project Management Methodologies: Types, Advantages, and Challenges

MITS5002
N A M E O F T H E S T U D E N T
N A M E O F T H E U N I V E R S I T Y

INTRODUCTION:
For accomplishing the goals and results that
is within a schedule that is defined and a
budget that a project manager uses in the
project. A methodology is also a model that
the managers of certain projects employ for
the planning, design, and implementation of
the project. There are various types of
methodologies of project management that
are used to benefit various projects.

ADVANTAGES OF METHODOLOGIES OF
PROJECT MANAGEMENT:
• Tactical benefit: . It makes sure that the problem is
recognized earlier and the problem is corrected.
• Strategic benefit: This methodology enables the
organization to examine the risks in a realist way and
the difficulties that projects that are large has.
• Operational benefit: This is very important to enable
the organization to deliver the solutions related to the
effective of costs and compressed schedule.

INFORMATION SYSTEM:
• Overall management and planning of the project
• Accomplishing and promoting the support for the
project
• To minimize the works those are duplicate.
• Maintaining of budgets and controlling the costs.
• Make sure about the capability with the
technology that is existing
• Utilize the skills of the team members.