Analysis of the Available Project Management Methodologies
Analysis of the Available Project Management Methodologies

Summary/Abstract: Research question: This study aims to investigate an available project management methodologies from the standpoint of their applicability. Motivation: Authors are keen to present the specific characteristics of the nowdays available methodologies (PMI, IPMA, PRINCE2, YUPMA, APM, HBS, Agile methodoligies etc.) that can ensure a realistic foundation upon which an adequate methodology for a certain group of similar projects can be defined.The usage of an adequate project anagement methodology brings numerous advantages and benefits to the project manager and project team and it shows them the right route towards project completion. Idea: This paper gives a review of the most highly recognised methodologies, proposed and implemented in the project management practice. Specific features of these methodologies were analysed bearing in mind the possibilities of their implementation. Data: The reasearch of project management methodologies was provided using bibliometrics techniques. Tools: The study provides the meta analysis of the most cited research papers in the filed of project management methodologies, provides comparative analysis and discuss the trends in project management methodologies application. Findings: It has been found that general characteristics of raditional methodologies (PMI, IPMA, APM,YUPMA) make them more adequate to be implemented in arger and more complex projects such as: investment, military, manufacturing, overhaul, etc. projects. On the other hand, general characteristics of agile ethodologies 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. Contribution: This study presents the meta analysis of the existing methodologies and provides the synthesis of key features of different applicable methodologies. This paper can be treated as a bottom line for further research oriented towards defining a specific ethodology, adequate for certain groups of projects.

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