Project Management Methodology: Types, Advantages, Disadvantages, and Comparison between Agile and Waterfall

Running Head: PROJECT MANAGEMENT METHODOLOGY
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Project Management Methodology

PROJECT MANAGEMENT METHODOLOGY
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Contents
Project Management Methodology......................................................................................................2
Types of project management methodologies......................................................................................2
Waterfall methodology.........................................................................................................................3
Advantages of the waterfall process.................................................................................................3
Disadvantages of the waterfall process.............................................................................................3
Agile methodology.............................................................................................................................3
Advantages of the Agile Model..........................................................................................................4
Disadvantages of the agile process....................................................................................................4
Comparison between Agile and Waterfall methodology.......................................................................5
Role of Agile and Waterfall process in Project life cycle........................................................................5
Agile process in project life cycle.......................................................................................................5
Waterfall process in project life cycle................................................................................................5
References.............................................................................................................................................6

PROJECT MANAGEMENT METHODOLOGY
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Project Management Methodology
The methodology is characterized as a procedure which is theoretical, and
orderly investigation of connected strategies in any research. It gives a hypothetical
investigation of any exploration and also connected with a division of learning. The
methodology is characterized as an examination technique that gives an approach by
which investigation of information or data is to be embraced. A methodology is a
procedure which is utilized by a project administration to investigate, arranging, and
achieve their objectives and targets (Turner, & Ledwith, 2018). As indicated by PMI
board methodology is characterized as a procedure of system, practices, and principles
which is utilized by project supervisors, and representatives of any association or
industry. Numerous directors or venture workers utilize the strategy in project
management since it delivers a hypothetical examination of any exploration thought.
The term methodology plays a significant part in project administration because it
delivers a platform to examine, strategy, and achieve goal or objective in any
organization system.
Figure: project management methodology
(Source: Turner, & Ledwith, 2018)
Types of project management methodologies
There are many types of methodologies available in project management such as
 SDLC