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Many methodologies or approaches have been developed as a guiding processes to manage projects. The PMI’s broad definition of project management methodology is helpful – ‘A methodology is a system of practices, techniques, procedures and rules used by those who work in a discipline’.

Many different methods have been developed to manage & deliver projects. These methods/approaches are applied to different principles, themes, frameworks, processes and standards to help provide structure to the way a project is managed and delivered. Some of the terms used to define the various project management approaches are: Waterfall, Agile, Scrum, Iterative, CPM (Critical Path Method), PMBOK, Six Sigma, etc. Each methods have their strengths and weaknesses, depending on the type of projects that you are doing.

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