Management Methodology In Project Management

b. Implementation Methodologies

There are many different approaches for managing a project. Project management methods often roughly correspond to the needs of the domain, industry and the organization. Almost every implementation method has ‘start – plan/schedule- develop/ build – monitor /control – deliver – close’. Each method has its own merits and demerits. A PM can do changes to maximize the project management methodology’s effectiveness. The following are some examples of a few commonly used methodologies.

i. Waterfall Project Management

Traditional or “waterfall” project management handles things sequentially, from the concept and planning phase through to development and quality assurance and finally project completion and maintenance. Project requirements are usually defined at the beginning, with little to no alterations to the plan unless absolutely necessary. The waterfall methodology is used most

PRiSM

Projects integrating Sustainable Methods (PRiSM) was developed by GPM Global (Green Project Management) as a means of creating a methodology that took environmental factors into account while being a repeatable, efficient process that could easily be incorporated into various large-scale projects. PRiSM is used primarily for large-scale real estate development or construction/infrastructure projects that may result in adverse environmental effects. PRiSM is unique in that it is one of the few project management methodologies that requires and rewards project managers with accreditation.

v. PRINCE2

PRINCE2 is a UK government-endorsed project management methodology, released and supported in 1996. It is a very process-oriented methodology, dividing projects into multiple stages, each with their own plans and processes to follow. Like PRiSM, PRINCE2 requires accreditation via exams. PRINCE2 is a complicated yet thorough methodology, but the project manager needs to determine whether or not it will scale properly with their specific