Project Management Methodology

2. PROJECT MANAGEMENT
• Project management is the
process of planning, organizing,
and managing resources to
achieve a specific goal within a
set timeframe and budget. It
encompasses a wide range of
activities, from defining the project
scope and breaking it down into
tasks to monitoring progress,
managing risks, and ensuring
quality.

3. Key Principles of Project Management:
• Goal Setting: Clearly defining the project's objectives, deliverables, and success criteria is
essential for ensuring everyone is aligned and working towards the same goal.
• Planning: Developing a comprehensive plan that outlines the project's tasks,
dependencies, timelines, and resource allocation is crucial for efficient execution.
• Execution: Effectively implementing the plan involves assigning tasks, coordinating team
members, and monitoring progress against the established schedule and budget.
• Monitoring and Control: Regularly tracking the project's progress, identifying potential
risks and issues, and making adjustments as needed is essential for maintaining control
and steering the project towards success.
• Quality Assurance: Ensuring that the project's deliverables meet the specified quality
standards is paramount to delivering a successful and valuable outcome.

4. Project Management Methodology:
• Waterfall Methodology: This
sequential approach involves
completing each phase of the
project before moving on to
the next. It's well-suited for
projects with well-defined
requirements and limited
scope changes.

5. Agile Methodology:
This iterative approach breaks down
the project into smaller, more
manageable phases, allowing for
continuous adaptation to changing
requirements and feedback. It's
suitable for projects with evolving
needs and frequent changes.

6. Lean Methodology
• This focuses on eliminating
waste and streamlining
processes to achieve
maximum efficiency and value.
It's particularly effective in
minimizing rework and
maximizing resource utilization.

7. Project Management Tools and
Techniques:
• Gantt Charts: Visually represent the project timeline, providing a clear overview of task
dependencies and deadlines.
• Network Diagrams: Illustrate the logical relationships between tasks, enabling efficient scheduling
and identifying potential bottlenecks.
• Project Management Software: Utilize dedicated software to manage project documentation, tasks,
schedules, and communications.
• Risk Management Frameworks: Identify, assess, and prioritize potential risks to proactively mitigate
their impact on the project's success.