PRINCE2 – A relatively new concept, PRINCE2 expands on the traditional project evaluation constraints (time, cost and scope and quality) with benefit and risk.

Earning a graduate certificate in Six Sigma can help you prepare for the certification exam. Lean Six Sigma – Six Sigma focuses on statistical analysis to measure business functions and relies on five distinct steps to evaluate processes: Define, Measure, Analyze, Improve and Control.Scrum – Scrum is less a specific technique than an overarching framework to understand various stakeholders and processes in a project and includes ways to examine a project's effectiveness and identify ways to improve your process.Critical Path – Critical path methodology defines project tasks based on which step will take the longest and therefore most likely to affect timelines and project deadlines.Waterfall – Waterfall project management, often used in software development is a structured, step-by-step process to bring a project through a series of phases and to completion.Each sprint can be continuously reexamined, giving teams opportunities to make improvements rapidly. Agile – Developed in the 1970s, Agile tries to increase an organization's flexibility by using short development periods – called 'sprints' – to complete projects.Specific examples of project management methodologies – each with its unique advantages and limitations – include, but are not limited to: What are the Types of Project Management Methodologies? Yet as 'the global economy has become more project-oriented,' the need for skilled project managers has grown dramatically, as PMI reported ( PMI pdf source). Tuition & Financial Aid Tuition & Financial Aidĭefined as “the application of knowledge, skills, tools and techniques to project activities to meet the project requirements,” project management has “always been practiced informally,” according to the Project Management Institute® ( PMI), the leading professional membership association for project managers.

Types of project management projects