What Are Project Management Methodologies

Published Date: 02 Nov 2017

Project management is a process of planning to achieve a specific task or goal. It is a temporary group effort to produce a unique result or product.

What are project management methodologies?

Project management methodology help to manage projects better. It’s also give confidence to manage a project of any size. It is matter of project type and nature to manage a project methodology.

A methodology is a technique which a project manager are used for a planning, design and achievement of their goal. There are different projects management methodologies to maintain different projects. For example there is a separate methodology for NASA to build a space station and similarly a construction company use different methodology to build a building.

In order to choose a right project management methodology, one can first define its requirements. The important step is to review what you already have, and what you want to add to complete it. In this case you need some methodology. If your current methodologies or any market available methodologies are not provide for what you need, you can look at taking best of both.

The purpose of Project management methodology is to control the entire project from the problems and wrong decisions. Due to Project management methodology a common thought is established and understood by the teams so they fully know what is going on.

Every step about the process of project is fully done by some methodology approach. Lessons are learned from the problems and solutions are applied to remove these problems. Project management methodology is not a small task. It has a definite start and end. For different industries and different types of projects, there are specific management methodologies that are used.

Project management consists of following four to five processes.

Initiation

Planning and design

Execution

Controlling

Closing

PROJECT MANAGEMENT INFORMATION SYSTEM

DEFINATION:

The project management information system (PMIS) is a system that can use to control and monitor your product or project data.

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EXPLAINATION:

The project management information systems (PMIS) are tools and techniques used in project management to deliver information. The system is designed to meet the needs of project and includes overview reports and details. Project information system helps how to make plan for the project. How to execute the plan according to the requirements, and how to close the project in the right way, that meets the requirements of our goal or project.

During the planning process, project managers use project information system for budget of the project such as estimate costs. At the execution of the project management goal, the team collects information, data and compare, these things with the actual accomplishment of activity. And also keep records for the reporting purposes. At the close of the project, the project information system is used to review the goals of project to check either they are according to the requirements or not. Then, it is use to create a final report of the project.

The project management information systems (PMIS) identify what information is required to capture and store and finding best ways to use these information. The accurate and relevant information which is provided on time has its significant while the irrelevant and wrong information puts the projects on risk.

The project management information system (PMIS) is a vital part of communication for the projects. Information is required for the operation of any project or product. Some companies have their own information rooms or war rooms which provide the accurate and relative data to the managements.

Organization of any sizes need project management information system (PMIS) for the monitoring and controlling of their products. The managers use new methods to meet the requirements of project on the basis of information that provided to them.

To conclude, the project management information system (PMIS) is used to plan, schedule budget and execute work to be accomplishment according to the requirements. The objective of the project management information systems (PMIS) is to provide the basis to plan, monitor and control of the project to get fruit full results.

PROJECT SELECTION METHODS

DEFINATION:

Project selection is a process to select the project with highest priority. Project selection is a process of evaluating project proposals.

EXPLAINATION:

The first rule of project selection is that never start a project without clear goals. At the time of project selection, the projects are just suggestions and the selection is based only on the description of the project. Selection of project based on

Benefits

Feasibility

There are many benefits of perfect selection of project. The important benefit of completing the project selection is a documented record of why a particular project was selected. Project selection is not based on the models. Models do not make decisions for the selection. Selection is made on the decisions of people.

Project selection worksheet includes need, budget, risk, feasibility and priority. Selection is made on the base of these points. The ideal approach is to list all current projects and project ideas and establish the need for each project. Before selection of the project it is important to establish the cost estimate and benefits of the project.

Company always considers the project cost. The project managers break down the project’s costs based on the resources and materials. A selection method should consider where the project will be a benefit for the team or organization. A project not only has to be a fruit full for the team or organization, but also be of benefits to the customers. Selection involves risk free and environment friendly projects.

SOME HELPFUL TIPS

While select the project one should keep in mind the following points.

If possible Involve the senior people

Identify a person responsible for making final decisions

Select the team a experience

Communicate the final decision with your team.