Project Management - Popular Methods

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

1. PMI (Project Management Institute)
2. Prince 2
3. SDLC (Software Development life cycle)
4. Agile 
5. 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):

1. SDLC stands for Software Development Life Cycle. A Software Development Life Cycle is essentially a series of steps, or phases, that provide a model for the development and life cycle management of an application or piece of software. It is usually used for undefined and changing requirement.

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