Project Management Engineering

project management banner 4

There are many different methods for project management.  In general, the authors of this site subscribe to the methods and techniques laid out by the Project Management Institute.  The reasoning is that the PMI has developed a comprehensive and scalable process for managing projects across multiple industries.  For a complete and thorough education on Project Management, the Project Management Body of Knowledge (PMBOK) is an excellent resource and should be referenced.


Science Branches

Applied Science
Management and Systems Engineering

Project Management Engineering Index

It is important to note that every project may not support the techniques laid out by PMI.  For instances like these, it is up to the project manager (PM) to decide to what extent each knowledge area and process should be utilized.  However a PM should be familiar with all aspects laid out in the PMBOK.


Project Management Types

Project Management Methodology is a set of principles and processes used to manage a project.  Your choice of methodology defines how you work and communicate.

  • Agile Methodology  -  Manages a project by breaking it into several phases and short segments.  It allows for maximum flexibility when managing a project. These teams will be easily adaptable to change, have open communication with clients or end users, and work on projects in rounds while always moving closer to final project solutions.
  • Critical Chain Project Management  -  An alternative to the CPM method because it focuses on time, whereas CCPM emphasises resources like people, physical space and equipment.
  • Critical Path Method  -  This management method creates a list of tasks that require complex operations and set dependencies between these tasks.  The critical path method is similar to the the waterfall method, however it recognizes dependencies.  A dependency is a task that must be completed before another task can move forward.  One task is dependent on another.  This creates a critical path.
  • Kanban Methodology  -  An agile method that stresses the importance of continuous workflow and focuses primarily on the organisation.
  • Lean Methodology  -  Focuses on a customer first approach and efficiency.  This process reduces waste from within the project lifecycle by focusing on delivering value, reducing costs, reducing the time to completion, completing the project on budget and improving the quality of the final product.
  • Project Integrating Sustainable Model  -  A sustainable project management type that enables an organisation to implement environmental sustainability to accomplish every project.
  • Scrum Methodology  -  A process that allows teams to respond rapidly, efficiently, and effectively to change.  It focuses on the delivery of outcomes through the improvement of communication, teamwork, and the speed of development.  Scrum process is used most often by development teams because it is really easy to implement.  One person is responsible for making sure that any bottlenecks or obstacles are cleared for the team to work smoothly.
  • Six Sigma Methodology  -  A quality management process that primarily focuses on eliminating errors in development.  It emphasis on the project or organization’s financial performance and the reduction of costs related to completing a project through a focus on improving processes.
  • Waterfall Methodology  -  A management method that is a traditional and linear approach to managing a project.  You have a set scope, schedule, and resources which you move throughout a series of executable tasks.  The project manager putting a set of expectations in place and guiding a team slowly and deliberately towards the conclusion of the project.  The goal is to ensure every expectation is met both adequately and in a timely, organized manner.


Basic Phases of Project Management

  • Inflation 
  • Planning 
  • Execution 
  • Monitoring and Controlling 
  • Closure

Piping Designer Logo 1

Display #
Accounts Receivable Turnover Ratio
Accrued Interest
Accrued Interest Cost
Accrued Interest Rate
Annualized Rate of Return
Annuity Payment
Asset Turnover Ratio
Average Accounts Receivable

Tags: Project Management Engineering Management and Systems