Benefits of a Project Management Methodology

b2ap3_thumbnail_PMM.pngA project management methodology is defined as a system of methods, principles, and rules for managing a project. It can help organizations by standardizing processes, building a common language and understanding how to manage a project. It helps project managers reduce risks, avoid duplication of efforts and to ultimately increase the impact of the project.

A methodology provides project teams with a set of standards to initiate and manage individual projects. A methodology contains definitions, guidelines, and templates for the various project management activities needed to deliver successful projects. The methodology establishes common ground for all projects within an organization.

By adopting a project management methodology development organizations will be able to:

  • Quickly adapt to new challenges and invest limited resources in the best way possible in order to achieve recurring successes.
  • Build a successful project management culture that will enable the effective utilization of the project management methodology.
  • Expand the skills of project managers, and give them a holistic understanding and a solid foundation to manage their projects efficiently.
  • Reduce risks and increase the chances of project success.
  • Increase the motivation of the project team, and increase their productivity.
  • Deliver more projects on time, and within budget that meet or exceed the expectations of donors, beneficiaries and project stakeholders.

Organizations that use a standard method, have more confidence that the project is conducted in a disciplined, well-managed and consistent manner, which promotes the delivery of quality results within the constraints of time and cost.

 

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The Roles of the Project Manager
Definition of Project Success

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