Project management methodologies (PDF)

Running head: PROJECT MANAGEMENT METHODOLOGIES
PROJECT MANAGEMENT METHODOLOGIES
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1PROJECT MANAGEMENT METHODOLOGIES
Project management methodology helps to define the life cycle during the development
of project. The life cycle in the project management methodology is based on the guideline
mentioned in PMBoK (Project management Body of Knowledge).
Various methodologies:
Main objective of project management methodology is to develop the project in a proper
that can meet all the requirements of clients. There are various methodologies present in the
project management field (Reynolds 2018). The application of the project management
methodology is dependent on type of the project. The definite project management life cycle is
needed to be mentioned in the project management methodology (Rola, Kuchta and Kopczyk
2016). According to PMBoK project management life cycle has five different stages those
ensure the quality of the project (Rola, Kuchta and Kopczyk 2016). These five stages are-
Initialization of the project, planning, execution, control and design and closing of the project
(Karaman and Kurt 2015). The initialization phase is concerned about the gathering of the
requirement. The planning phase is defined by developing the blueprint for the execution (Rola,
Kuchta and Kopczyk 2016). The planning is based on the documentation of the requirement. It
is the responsibility of the project manager to execute the planned design or code accordingly.
The implementation of the functionality is done at the execution phase (Brioso 2015). After the
execution of the project, the evaluation of the result of the project is done through the control and
monitoring phase. The feedback is taken from the clients and users for the further improvement.
In case, if the project outcome satisfies all the requirements of the clients the closing of the
project can be done.
Selection of two project management methodologies: