How does PMI define project management methodologies?

Project Management Institute (PMI), a professional association for project managers, defines project management methodologies as structured approaches that provide guidelines for managing projects effectively. These methodologies encompass a set of processes, tools, and techniques used to initiate, plan, execute, monitor, and close projects. PMI emphasizes that project management methodologies should be tailored to suit each project's unique characteristics, while following a standardized framework. The organization offers various methodologies, such as the Project Management Body of Knowledge (PMBOK) Guide, which is globally recognized and widely used to manage projects across different industries and sectors. PMI promotes the use of these methodologies to enhance project success rates, improve efficiency, minimize risks, and deliver value to stakeholders.

This mind map was published on 30 November 2023 and has been viewed 48 times.