Tailoring a Project Management Methodology That Suits One's Needs

This paper aims to review several project management frameworks that are widely used in the industries. Studies on how to adopt and adapt such frameworks remain limited. Three project management (PM) frameworks widely used in the information technology (IT) industry, such as PMBOK, PRINCE2, and ITIL, were analyzed and compared. The objectives of the review are twofold. First, to allow one to have a quick understanding of the widely used project management frameworks; and second, provide how these frameworks can be used together and complement each other at the different phases of a project lifecycle to address the specific needs of the industries managing IT products or services.