Software Project Management Methodologies/Frameworks Dynamics "A Comparative Approach"

In order to manage a project and bring it to a successful completion, its project manager must have a complete understanding of the methods being used for the management of different parts of the project. Managers prefer specific project methodology/framework, while resist and face difficulties for an opportunity to manage another project with different methodology or a framework as they don't know how much commonality exists between the preferred and the new required methodology/framework. The crux of this paper is to present an understanding for managers and their organizations which can really augment their overall performance by having an understanding of different dynamics of different project management methodologies/frameworks and then use this understanding intelligently either by combining different powerful features or simply by knowing the equivalency with competitors which are using other project management methodologies/frameworks. This paper can be a good resource for the project managers having difficulty in deciding which and why a particular project management methodology/framework should be opted. To parameterize the scope of this paper, five important project management methodologies/frameworks were compared with PMBOK, which is a growing and established project management methodology. Finally a conclusion with a generic project management approach has been suggested.