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Choosing the right Project Management Methodologies (PMM) is the first step for your team to succeed. Project management helps improve the implementation process in terms of efficiency and cost, while reducing risks. However, declaring priorities is not enough. One should have good understanding of the positive impact of each project management methodology and the way it can interfere with the successful implementation of the project.

This chapter will briefly review the most popular project management methodologies and consider those I find the most interesting ones in more details.

Process-Based Project Management (PBPM)

PBPM is the main today’s approach to the project management, based on the process approach. This approach is a guarantee that each project will be directed to the continuation of the company’s mission. Before the project starts (initiation), the project plan is analyzed to determine its compliance with the approved or established mission. If the result of the analysis is negative, then all strategies and objectives are adjusted. Each action adds value to the organization’s strategic vision. These project management methods are also suitable for administrative projects in companies.