Project Management Methodologies: Report for Leadership Course

This report provides an overview of project management methodologies, emphasizing their role in facilitating efficient project execution. It discusses the importance of methodologies in reducing risks, improving consistency, and providing clarity in roles and responsibilities. The report covers various methodologies such as Waterfall, Agile, SDLC, PRINCE2, Six Sigma, Scrum, PRiSM, Lean, and Critical Path Method, highlighting their suitability for different project types. A comparison between Waterfall and Agile models is presented, focusing on their advantages and disadvantages. Furthermore, the report details the project life cycle stages—Initiation, Planning, Execution, and Closeout—demonstrating how methodologies enhance each stage, ensuring stakeholder satisfaction and project success. References to supporting literature are included.