[PDF] Methodologies used in the Project Management

Running head: PROJECT MANAGEMENT METHODOLOGIES
Project Management Methodologies
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1PROJECT MANAGEMENT METHODOLOGIES
Question 1
Definition of Project Methodology
The term Project Methodology was first coined when business organizations were
looking for simpler ways to complete a task for in a structured way during the 1960s (Kerzner
& Kerzner, 2017). Project methodology can be defined as a set of scientifically proven
logical methods and processes utilized for the delivery of a complete project until all the
assigned tasks are completed. It systematically approaches a project from its inception,
planning, execution, and finally its completion.
Roles that Project Methodology serves in Project Management
Project Methodology serves as the backbone for the management of a Project. It
controls a project providing the effective management including the problem solving and
decision-making theories with in-depth knowledge of the project deliverables (Snyder, 2014).
This provides a project manager to have clarity about what to deliver in the project step-by-
step. A project management methodology creates a full view picture about the project having
complete clarity of work delivery with respect to the schedule of work, the budget
clarification and client-side specification.
Question 2
Similarities and Dissimilarities between Waterfall methodology and methodology
outlined by PMBOK
What is a PMBOK?
PMBOK or Project Management Body of Knowledge can be defined as the entire
collection of standardized processes, practises, guidelines and terminologies that are
distinguished in the industry of project management (Snyder, 2014). There are many

2PROJECT MANAGEMENT METHODOLOGIES
attributes in a successful project management methodology that needs to be upgraded
constantly in order to keep up with the ever-changing world of business and technology.
However, the Project Management Institute or the PMI has constantly rejected the idea of
upgrading project management features. This way traditional ways of handling a project is
easily distinguishable from PMBOK.
What are the main features of PMBOK?
The main features of Project Management Body of Knowledge or PMBOK can be
summarized as below:
 Management of Project Integration
 Management of scope of the project
 Management of the required time
 Management of the budget of the project
 Management of quality
 Human Resource Management
 Management of communications within the project
 Management of procurement and risk associated with the project
These features of the PMBOK define the best possible management procedures to
proceed through a project starting from its inception to its completion along its life cycle
(Snyder, 2014).
What is Waterfall Methodology?
There are different methodologies to approach a project. Waterfall method is one of
them where it is required to proceed through a project by moving in a particular set of stages
until it is ready for completion. A traditional waterfall methodology obeys a strict flow of