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Overview of Generic Project Management Methodologies, Frameworks, and Standards

In: Managing Information Technology Projects Building a Body of Knowledge in IT Project Management

Author

Listed:
  • Madhawa Herath
  • Prasad Perera

Abstract

A guide to ‘Project Management’ has been presented with the aim of providing a firm guarantee regarding the on-time delivery of projects, allowing an individual to achieve all the specifications within a scheduled budget plan. Using proper methodology reduces risks because it guides the management team along with life cycle phases pertaining to maintenance. Managers often prefer a specific project methodology or framework and face resistance and difficulties in managing different projects or other projects with a framework. This is due to a lack of awareness of the similarity between their preferences and the new required methodology. Use this knowledge wisely by gaining an understanding of the different dynamics of methods of project management for managers and their organizations, combining different power components or knowing the similarities with competitors to enhance their overall performance. All types of project methodologies can be divided into traditional and modern approaches. Hence, various approaches that can be used in different types of project management are presented.

Suggested Citation

  • Madhawa Herath & Prasad Perera, 2023. "Overview of Generic Project Management Methodologies, Frameworks, and Standards," World Scientific Book Chapters, in: Srinath Perera & Robert Eadie (ed.), Managing Information Technology Projects Building a Body of Knowledge in IT Project Management, chapter 2, pages 9-40, World Scientific Publishing Co. Pte. Ltd..
    • Handle: RePEc:wsi:wschap:9789811240584_0002
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    More about this item

    Keywords

    Managing IT Projects; Information Technology; Project Management; Innovative Technology;
    All these keywords.

    JEL classification:

    • D8 - Microeconomics - - Information, Knowledge, and Uncertainty
    • O32 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights - - - Management of Technological Innovation and R&D
    • O33 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights - - - Technological Change: Choices and Consequences; Diffusion Processes

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