Comparison of Project Management Methodologies

Project Management

Contents
Introduction:.............................................................................................................................................2
Project Management Methodologies.......................................................................................................2
Comparison Table of Project Management methodologies:....................................................................2
References:...............................................................................................................................................4

Introduction:
There are different approaches which are used for managing and scheduling the project
activities effectively to complete the project within approved cost and time.
Project Management Methodologies
Some of the project management methodologies are described below:
1. Waterfall project model: It is the sequential model which is used for managing the
customer requirement in the project start-up phase (Halls, 2012)
2. Critical Path Method: It is used for analysing the critical path of the project activities
for avoiding bottleneck situation
3. Project Management body of Knowledge (PMBOK): This methodology break down
the project into several knowledge areas for bringing efficiency in the completion of
the project (Alawneh, and Aouf, 2016).
4. Agile Methodology: The major focus is given on change in the customer requirement
and required changes in the end product of the project development phase
5. Extreme programming: This methodology focuses on managing the teamwork and
increasing the level of satisfaction of the customers.
6. Adaptive project Framework: It is used for improving flexibility in the end product of
the project management working model.
7. Prince2 methodologies: It is based on 7 processes which is comprised of business
proposal, experience, division of role and responsibilities, identification of
assumptions and exceptions, and creating effective project environment (Cicibas,
Unal, and Demir, 2010).
8. Lean Project Management: This model is used streamlining the bottleneck situation of
the working process model.
9. Six Sigma Principles: This model is used for improving the quality of the end product
for attaining the efficiency of 99.99966% accuracy.