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PM² (pronounced “P-M squared”) is a project management methodology developed and endorsed by the European Commission (EC). [1] [2] It is the official project management methodology of the EC, incorporating elements from a range of widely accepted best practices in project management and building heavily on PMBOK, PRINCE2, IPMA-ICB, CMMI, TEMPO, and operational experience from EU institutions.
978-1-62825-664-2. The Project Management Body of Knowledge (PMBOK) is a set of standard terminology and guidelines (a body of knowledge) for project management. The body of knowledge evolves over time and is presented in A Guide to the Project Management Body of Knowledge (PMBOK Guide), a book whose seventh edition was released in 2021.
Business and economics portal. v. t. e. Project management is the process of supervising the work of a team to achieve all project goals within the given constraints. [1] This information is usually described in project documentation, created at the beginning of the development process. The primary constraints are scope, time, and budget. [2]
Agile management. Agile management is the application of the principles of Agile software development and Lean Management to various management processes, particularly product development. Following the appearance of The Manifesto for Agile Software Development in 2001, Agile techniques started to spread into other areas of activity. [1]
Waterfall model. The waterfall model is a breakdown of development activities into linear sequential phases, meaning they are passed down onto each other, where each phase depends on the deliverables of the previous one and corresponds to a specialization of tasks. [1] The approach is typical for certain areas of engineering design.
Project portfolio management (PPM) is the centralized management of the processes, methods, and technologies used by project managers and project management offices (PMOs) to analyze and collectively manage current or proposed projects based on numerous key characteristics. The objectives of PPM are to determine the optimal resource mix for ...