Project management methodologies
Project management methodologies When discussing different methodologies used in project management to control and manage a project, it’s important to highlight key approaches, their characteristics, and how they are applied to different project types. Below are some key methodologies, important points about each, and key considerations for effectively managing projects. ### 1. Waterfall Methodology Definition: Waterfall is a linear and sequential project management approach where each phase of the project must be completed before moving to the next. It is commonly used in industries like construction, manufacturing, or software where requirements are stable. Key Points: - Stages: Follows distinct phases: Requirements, Design, Development, Testing, Deployment, and Maintenance. - Advantages: Easy to understand and manage, works well for projects with well-defined requirements. - Disadvantages: Inflexibility; ch...