Analysis of the Available Project Management Methodologies

  • Petar Jovanovic Faculty of Project and Innovation Management
  • Ivana Beric

Abstract

The paper is an analysis of the available project management methodologies from the standpoint of their applicability. Our aim is to establish specific characteristics of the today available methodologies (PMS, APM, PRINCE2, YUPMA, etc.) that can ensure realistic foundations on which an adequate methodology for a certain group of similar projects can be defined. The use of an adequate project management methodology brings a numerous advantages and benefits to project manager and project team and it shows them the right route towards project completion. This paper gives a review of the most recognizable methodologies proposed and implemented in the project management practice. Specific features of these methodologies were analysed bearing in mind the possibilities of implementation. It was found that general characteristics of traditional methodologies (PMI, IPMA, APM,YUPMA) make them more adequate to be implemented in larger and more complex projects such as: investment, military, manufacturing, overhaul, etc. projects. On the other hand, general characteristics of agile methodologies lead to a conclusion that these methodologies are more suitable to use for IT projects as well as for some smaller and less complex projects, such as devising various studies, project reports, etc. The research presented in this paper should be treated as a basis for further research oriented towards defining specific methodologies adequate for certain groups of similar projects.

Author Biographies

Petar Jovanovic, Faculty of Project and Innovation Management

Petar Jovanović, Ph.D., former dean of the Faculty of Organizational Sciences, and head of the Department of Management at the Faculty of Organizational Sciences as well as founder and former dean of the Faculty of Project and Innovation Management. He has been engaged in management and project management for more than thirty years. In 1986 he established the Yugoslav Project Management Association, and since then he was the president of this association, that became the Serbian Project Management Association (YUPMA). He was an individual member of the PMI (Project Management Institute) from USA, BAM (British Academy of Management), UK and a delegate of the IPMA (International Project Management Association). He wrote a large number of papers and books about project management, and generations of project managers have been trained and learned from his books. He defined, conducted and realized over 350 trainings and courses on management and project management, investment management etc., wrote over 70 books and 200 papers and also managed a large number of projects. He was founder and editor in chief in 2 international scientific journals.

Ivana Beric

Ivana Berić, PhD, Assistant Professor and Vice dean for Education and International Cooperation at the Faculty of Project and Innovation Management and Vice President  of the Serbian Project Management Association. She is actively involved in preparation of trainings, seminars, symposia, corespondence with foreign associations, and process of certification of project managers. With more than 45 published peer reviews and conference papers in Management, Project Management, Strategic management and Project Portfolio Management area, she has also worked on numerous books, monographs and proceedings and provided more than 50 trainings and seminars for different target groups.

Published
2018-12-18
How to Cite
Jovanovic, P., & Beric, I. (2018). Analysis of the Available Project Management Methodologies. Management:Journal Of Sustainable Business And Management Solutions In Emerging Economies, 23(3), 1-13. doi:10.7595/management.fon.2018.0027
Section
Articles