Project Management Methodology

Topics: Project management, Management, Plan Pages: 3 (802 words) Published: May 3, 2013
8 Project Management Methodologies and Standards
I have decided to do a series of postings about Project Managementmethodologies and Project Management best practices.  The purpose for this is not to replicate information that is already out there, but to inform, equip and empower business owners and service professionals about the project management profession and how to put it to use to sustain and grow their business. As an introduction to this I have 8 questions to help define what a methodologyand a standard is based on a summary of the best information I could find and that I know from experience. I would then like to encourage the reader of this post to contribute in the form of comments towards more methodologies and standards that can be covered here (and I encourage you to link to sites that you recommend as worthwhile reading on these topics.)

1.   What is a methodology?
A methodology is a set of methods, processes and practices that are repeatedly carried out to deliver projects. It tells you what you have to do, to manage your projects from start to finish. It describes every step in the project life cycle in depth, so you know exactly which tasks to complete, when and how. The key concept is that you repeat the same steps for every project you undertake, and by doing that, you will gain efficiencies in your approach. 2.   What is a standard?

A standard is “a collection of knowledge areas that are generally accepted as best practice in the industry”. 3.    What is the difference between a methodology and a standard? Standards give you industry guidance, whereas methodologies give you practical processes for managing projects. Standards are not methodologies, and vice versa. The two most popular standards are PMBOK and Prince2. 4.   Why use a methodology?

A Project Methodology should help you by giving you a clear process for managing projects. After you have customised it to perfectly fit your environment, your methodology should tell your...
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