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Top 10 Project Management Methodologies – An Overview

ProjectManager.com

When to Use It: The Waterfall approach is great for manufacturing and construction projects , which are highly structured, and when it’s too expensive to pivot or change anything after the fact. Critical Chain Project Management (CCPM). When to Use It: CPM works better with smaller or mid-sized projects. Lean Methodology.

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Project Management Framework Types, Key Elements & Best Practices

ProjectManager.com

There are many common types of frameworks that can be used for different projects, depending on how small or large your team is, the type of work they’re doing, the industry they’re in, how much time the project has and how much budget the project has. Some common ones include scrum , the waterfall methodology , PRINCE2 and more.

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The Complete Glossary of 614 Project Management Terms

Workamajig

Budget : The sum total of all the money allocated for a project. Budget at Completion (BAC): BAC is the sum total of all budgets established for the work to be performed. Budget Cost: The cost of the project estimated at the start of the project. Note that the budget cost is not the same as the budget.