Project Management Methodologies Defintion| List & Comparison

In past there were no alternative management techniques or project management methodologies that were promoting the project management usage. The growth of project management in non project driven sector was viewed during the recession of 1989 to 1993. There are many layoffs in the white collar or managerial ranks as a result of that recession. There was emergence for allies for project management and main focus was to provide long term solution to the problems. From that moment, project management was started. The project management allies started emerging in 1985 and remained throughout the recession of 1989-1993.

Project Management Methodologies List

Following are some of important project management methodologies

1985

The companies at that time recognized that they should compete on the basis of cost as well as quality. Total Quality Management (TQM) emerged as a result. Principles of project management are employed by the companies for implementation of TQM. The first ally for project management developed with the combination of project management and TQM.

1990

The importance of scheduled compression was recognized by the companies during the recession of 1989-1993 and companies started marketing them. The use of project management was promoted by the advocates of concurrent engineering in order to get better scheduling techniques. Hence second ally for project management was developed.

1991-1992

It was realized by the executives that project management become effective if authority and decision making are decentralized. It was also recognized that the top management can still achieve control by functioning as project sponsors.

1933

The companies started re-engineering themselves as the recession of 1989-1993 came to an end. This results into the elimination of the fat of the organization. Now the organization became lean and mean body. More work was required from the fewer number of employees in less time. The project management was considered as helping tool by the executives for accomplishing such objective.

1994

At this stage the companies realized that a better project cost control system results into improved estimation and a solid control over the actual cost of performing work & manufacturing products.

1995

The companies identified that less number of projects were finished within the framework of the original goals without changing scope. For effective change management, project management methodologies were created.

1996

At that time the companies realized that risk management contains more than padding a schedule or an estimate. The project plans now contained risk management plans.

1997-1998

Project management was recognized as professional career path and it mandated that knowledge of the project management should be consolidated with centrally located group of project management.

1999

Companies that realized the significance of rapid product development and concurrent engineering found that it was effective to have dedicated resources for the period of the project. The over management cost may be ignorable as compared to under management risks. The organizations were increasingly using the collocated teams in combination.

2000

More multinational companies were creating through the mergers and acquisitions. It was seen that multinational project management will become important issue for the coming years.

The necessity for project management was customer driven instead of internally driven, despite the existence of allies which was the reason for early resistance to project management. In order to placate the demands of the customer, project management was being implemented. However project management a necessity for survival and internally driven by 1995. The companies realized the significance of accomplishing the excellence in project management and the project management benchmarking was commonplace.

As growth and maturity continues in the project management, more allies will emerge. The benefits and importance of project management is recognized by the second & third world nations in the twenty first century. Project management will have worldwide standards.