50 Top IT Project Management Challenges

CHALLENGE 9: PROJECT METHODOLOGY

Without a doubt, a properly chosen and strictly followed methodology for managing a project, is the guarantee that the project will be accomplished on time, under budget and as per specification. Project management methodology (PMM) should be followed to avoid failure, and to reduce risks. It is one of the critical success factors, as well as the core competency of the management staff. A suitable PMM is the direct way to guide the project team through developing and implementing activities and tasks in well-defined phases of the project implementation life cycle.

The popular PMMs widely followed are:

• PRINCE2^®1
• PMBOK^®
• Six Sigma^®
• CCPM.

Various organisations follow different methodologies to suit their work environment, ...