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Project Management Methodologies

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  Introduction Project management is the process of managing a project from its initiation to its completion. It involves the planning, organizing, staffing and controlling of resources needed to complete a specific task or objective within a given time frame. Project management methodologies are systematic approaches to identifying and solving problems in order to achieve specific goals or objectives within an organization. Each methodology has its own unique approach that helps managers complete projects successfully by following certain steps or procedures at each stage of development.   Waterfall Methodology Waterfall methodology is a sequential process that involves multiple phases. Each phase must be completed before the next can begin, and each stage of development is dependent on the results of previous stages. This means that changes made at one stage will impact all subsequent stages, making it difficult to make changes later in the process. Thi...