A project is generally initiated by the perceived needs within an organization. Being one of the businesses, it will have a beginning and an end, the constraints of budget, time, and resources and involves a team of purpose-built.
The project team consists of members of different teams, for example, the end-user/customer (product or service), representatives from the Information Technology (IT), the project leader, business analysts, trainers, project sponsors, and other stakeholders.
Project management is the discipline of managing all the different resources and aspects of the project in such a way that the resources will give you all the outputs needed to complete the project within the constraints of scope, time, and costs are determined. Many companies look for project management solutions to get help in project management.
It was agreed in the initiation phase of the project and when the project began all stakeholders and members of the team will have a clear understanding and acceptance of the process, methodology, and expected results.
A good project manager utilizes a formal process that can be audited and be used as a blueprint for the project, and this is achieved by using a project management methodology.
Project Management Methodology
Generally, the project is divided into three phases i.e., Initiation, Implementation, and Closure. Each phase then has several checkpoints that must be met before the next stage begins.
The degree to which the project is managed will depend on the size of the project. For complex projects in a large organization that involves several people, resources, time, and money, a more structured approach is required, and there will be more steps built into every stage of the project to ensure that the project provides the anticipated final results.