According to Project management institute (PMI) 38% project don't meet the goals. To meet the project goals following methods have been approached to project management
- PMI (Project Management Institute)
- Prince 2
- SDLC (Software Development life cycle)
- Agile
- Lean six sigma
1. Project Management Institue (PMI):
As discussed earlier, PMI was founded in 1969 in USA which provides services including the development of standards, research, education, publication, networking-opportunities in local chapters, hosting conferences and training seminars, and providing accreditation in project management. See the table for PMI approach
2. Prince 2 Framework:
Prince 2 methodology encompasses the high level management, control and organisation of a project, but not lower level activities such as scheduling.
Principles:
- Continued business justification
- Learn from experience
- Define roles & responsibilities
- Manage by stages
- Manage by exception
- Focus on products
- Suitable project environment
3. Software Development Life Cycle (SDLC):
4. Agile Project Management:
It is software development based. Usually used for small and complex projects.
5. Lean Six sigma:
Lean Six Sigma is a methodology that relies on a collaborative team effort to improve performance by systematically removing waste