Project Management Business Information Systems Essay

BIS 601: Business Information Systems Assignment Project Management Methodologies- Paper Laxmi Anvitha Chinthakuntla Anusha Padamati 1) Project management methodologies: †¢ Introduction: Any organization or a company in order to attain their purpose and outcomes which are been organized by them within an explained scheme in a given budget a manager of that particular company uses a project. Let it be any department or business but there are several mixture of methodologies to help the managers at every stage of a project like its initiation and then its implementation to the closure. Now let us discuss in brief about what are project management methodologies. A methodology is nothing but a model, which is been outlined by the project managers for the planning, implementation and achievement of their required project. Here let us consider an example for a clear understanding like there is a specific methodology, which NASA utilizes to develop a space station while the Navy recruits a different methodology to implement the submarines. Hence, there are different project management methodologies that provide to the requirements of various projects which are extended across several business fields. 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