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Project Management

Understanding Project Management Methodologies

Bhumi Goklani Bhumi Goklani | | 11 min read
project management methodologies

Project management in IT has evolved far beyond tracking tasks and meeting deadlines. Modern IT organizations operate in environments shaped by rapid technological change, distributed teams, tight budgets, and increasing client expectations. 

Whether you’re delivering software products, managing enterprise implementations, or running long-term service engagements, even small misalignments can lead you to cost overruns, delayed launches, and strained stakeholder relationships.

Project management methodologies provide structured approaches to navigate this complexity. They define how projects are planned, executed, monitored, and delivered, helping teams manage uncertainty while maintaining control over scope, timelines, and resources. 

For IT companies, methodologies also create consistency across projects, improve collaboration between technical and business teams, and support predictable delivery at scale.

However, choosing a project management methodology is not a one-size-fits-all decision. Different projects demand different levels of flexibility, governance, and risk management.

This blog explores key project management methodologies and frameworks commonly used in IT organizations. It explains how they differ, when to use them, and how you can select the right approach to support both delivery efficiency and business outcomes.

Takeaways for Project Managers

  • Project management methodologies define how projects are planned, governed, and controlled
  • Frameworks focus on how teams execute work daily
  • There is no one-size-fits-all approach for IT projects
  • Methodology choice depends on budget, risk, team size, and timelines
  • Waterfall, Agile, Scrum, Kanban & Six Sigma are the most used project management frameworks.
  • Modern IT organizations mostly choose hybrid approaches 
  • One must review & update methodologies as teams and business goals evolve

What is Project Management Methodology?

A project management methodology is a structured approach that defines how projects are planned, executed, monitored, and delivered. It provides guiding principles, standard processes, and governance practices that help teams manage work consistently and predictably.

In IT organizations, these methodologies play a critical role in handling complexity. Software development, system integrations, and client implementations often involve multiple teams, changing requirements, and tight timelines. 

A well-defined methodology helps bring clarity to how work is organized, how decisions are made, and how progress is tracked, reducing confusion and delivery risks.

Project management methodologies are beneficial for IT startups managing large projects or organizations dealing with multiple client engagements at once.

Alongside methodologies, teams also work with project management frameworks. While the two terms are often used interchangeably, they serve different purposes.

A methodology defines the principles, processes, and governance that guide a project from start to finish. It answers the question of how projects should be managed at an organizational or strategic level.

A framework, on the other hand, provides the execution structure within a methodology. It focuses on how work is organized and carried out on a day-to-day basis. Frameworks define workflows, ceremonies, roles, and artifacts that help teams put the methodology into practice.

methodology and framework

Understanding the difference between methodologies and frameworks helps IT leaders choose the right combination for their teams. It also allows organizations to remain flexible, applying structure where needed without limiting how teams deliver work.

How to Choose the Right Project Management Methodology?

The right project management methodology depends on your budget, team size, risk tolerance, delivery timeline, and how closely your clients or stakeholders are involved. You should choose a methodology that supports your project complexity, allows the right level of flexibility, and aligns with business and client expectations.

1. Cost and Budget

If your project has a fixed budget, you need tighter planning and clear control over scope to avoid overruns. When your budget is flexible, your teams can iterate, experiment, and improve as the product evolves.

2. Team Size

If you are working with a small team, lightweight approaches help you move faster and make decisions quickly. For larger teams or multi-team programs, you will need more structure, clear roles, and defined processes to keep everyone aligned.

3. Ability to Take Risks

If your project allows room for experimentation, flexible methodologies give your teams the freedom to learn and adapt. When risk tolerance is low, such as with critical systems or compliance-driven work, structured and controlled approaches are a safer choice.

4. Flexibility

When your requirements change often, choose a methodology that supports regular feedback and adjustments. If your scope is stable and well defined, upfront planning helps your teams stay on track.

5. Timeline

If you are working with tight deadlines, iterative delivery helps your teams focus on what matters most. With longer timelines, you can plan work in phases and review progress at key milestones.

6. Client or Stakeholder Collaboration

When your clients are closely involved, frequent communication and feedback loops become essential. If interaction is limited, clear documentation and predefined delivery checkpoints help manage expectations.

In practice, many IT organizations blend elements from different methodologies to match project needs. The right choice supports delivery efficiency while aligning with business and client expectations.

Classic Project Management Methodologies 

Classic project management methodologies focus on structure, discipline, and long-term consistency. They are often used in environments where predictability, governance, and process maturity matter more than rapid change. 

Many IT organizations still rely on these approaches for large programs, enterprise systems, and client projects with defined scope and contractual obligations.

While modern IT teams often adopt Agile or hybrid models, classic methodologies continue to provide a strong foundation for planning, risk management, and accountability. They are especially useful when projects require clear documentation, formal approvals, and strong control over timelines and budgets.

not sure which project cta

Below are some widely referenced classic project management methodologies and how they are applied in practice.

1. Kaizen

Kaizen is a methodology centered on continuous improvement. It involves inputs from everyone- from CEO to the staff, fostering teamwork.  Instead of large changes, it focuses on making small, incremental improvements over time. In IT organizations, Kaizen encourages teams to review processes regularly, identify inefficiencies, and improve workflows.

This approach works well for operational projects, support teams, and long-running IT services where consistency and gradual optimization are more important than rapid transformation. Kaizen is less about delivering a single project and more about improving how work is done across the organization.

2. PRINCE2

PRINCE2 (PRojects IN Controlled Environments) is a process-driven project management methodology widely used in enterprise and government IT projects. It provides clear roles, defined stages, and strong governance controls. Projects are broken into manageable phases, with regular reviews to ensure continued business justification.

For IT companies, PRINCE2 works well for large, client-facing projects where scope, risk, and compliance must be carefully managed. Its structured approach helps ensure accountability, transparency, and predictable delivery.

3. PMBOK (A Definitive Guide)

PMBOK, or the Project Management Body of Knowledge, is not a project management methodology. Instead, it serves as a comprehensive guide that brings together globally accepted best practices, principles, and standards for managing projects.
For IT organizations, PMBOK acts as a reference framework that helps teams build consistency, optimize resource management, and maintain maturity in project management. It covers essential areas such as scope, schedule, cost, quality, risk, communication, and stakeholder management.

Rather than prescribing a single way to run projects, PMBOK provides guidance that can be adapted across different methodologies and delivery models. It focuses on 12 principles and 8 performance domains. 

By aligning project practices with PMBOK guidance, organizations can improve predictability, accountability, and overall project outcomes without limiting flexibility.

While the project management guide and methodologies define the principles and governance of project management, frameworks focus on how teams execute work on a day-to-day basis.

Types of Project Management Frameworks

Different frameworks suit different types of projects. Some focus on detailed planning and predictable delivery, while others emphasize flexibility, speed, and continuous feedback. Understanding how these frameworks work helps project leaders choose the right execution model for their teams.

types of project management frameworks

1. Waterfall

Waterfall is a linear and sequential framework where work flows through defined stages such as requirements, design, development, testing, and delivery. Each phase is completed before the next begins, with limited room for changes once the project is underway.

In IT projects, Waterfall works best when requirements are clear, scope is fixed, and outcomes are well defined from the start. It is commonly used for infrastructure projects, compliance-driven systems, or client engagements with strict contracts and approval processes.

2. Agile

Agile is an iterative framework focused on flexibility, collaboration, and continuous improvement. Instead of delivering everything at once, work is broken into smaller increments that are developed, reviewed, and improved over time.

For IT teams, Agile supports faster feedback, early value delivery, and better alignment with changing business needs. It works well for product development, evolving platforms, and projects where requirements are expected to change.

3. Scrum

Scrum is a structured Agile framework that organizes work into short, time-boxed cycles called sprints. Teams commit to a set of tasks for each sprint and review progress at regular intervals.

Scrum is widely used by IT teams for software development and product delivery. It promotes transparency, accountability, and continuous learning through defined roles, regular reviews, and frequent stakeholder feedback.

4. Kanban

Kanban is a visual framework that focuses on managing workflow and limiting work in progress. Tasks are displayed on a board, allowing teams to see bottlenecks and optimize flow.

In IT environments, Kanban is often used for support teams, maintenance work, and ongoing service delivery. It allows teams to respond quickly to incoming requests while maintaining control over workload.

5. Six Sigma

Six Sigma is a data-driven framework focused on improving quality and reducing defects. It uses measurement and analysis to identify problems, improve processes, and deliver consistent results.

In IT organizations, Six Sigma is commonly applied to process optimization, service management, and large-scale operational improvements. It works well for projects where accuracy, efficiency, and consistency are critical.

Comparison Table: Project Management Approaches

The table below compares project management frameworks based on requirements, team structure, ideal use cases, and situations where each framework may not be a good fit.

FrameworkBest ForRequirement StabilityFlexibility LevelTeam StructureCommon IT Use CasesWhen to Avoid
WaterfallPredictable, well-defined projectsHighLowClearly defined rolesInfrastructure projects, system migrations, compliance-driven client workWhen requirements change often, or client feedback is needed during development
AgileEvolving and fast-changing projectsLow to MediumHighCross-functional teamsProduct development, SaaS platforms, innovation-led projectsWhen scope, budget, and timelines must be fixed up front
ScrumIterative product deliveryLowHighSmall, self-organized teamsSoftware development, feature releases, MVP buildsFor large teams without strong ownership or frequent stakeholder availability
KanbanContinuous work and flow optimizationMediumMedium to HighFlexible, role-basedIT support, maintenance, DevOps, service deliveryWhen work requires strict timelines or fixed phase-based planning
Six SigmaProcess improvement and quality controlHighLowSpecialized rolesIT operations, service management, performance optimizationFor creative, exploratory, or rapidly changing product work

Epilogue: Choosing the Right Project Management Methodology

Choosing the right project management methodology is a strategic decision, not a process choice. Most IT organizations do not rely on a single approach. They blend methodologies based on project complexity, risk exposure, timelines, and client expectations.

There is no one-size-fits-all model. Internal product work, client delivery, and enterprise programs often require different levels of structure and flexibility. As a result, hybrid approaches are common, combining control with adaptability where needed.

Methodology decisions should also evolve. As teams scale, delivery models change, and business priorities shift, organizations must reassess how projects are managed to avoid friction and inefficiency.

As IT organizations scale, execution discipline matters as much as speed. CollabCRM is built for this reality. By combining Kanban with Agile and Scrum frameworks, it gives leaders a single operating system to manage delivery, teams, and client work without adding process overhead. 

Designed for mid-sized and growing IT companies, CollabCRM supports remote and global delivery models while bringing real-time visibility across projects, resources, and workflows. For leadership teams looking to replace fragmented tools with predictable execution and operational clarity, CollabCRM provides the foundation to scale with control.

FAQs

What is the difference between a project management methodology and a framework?

Methodology defines principles, processes, and governance, while a framework provides the execution structure teams use to manage day-to-day work.

Is there a best project management methodology for IT companies?

There is no single best methodology. IT organizations choose approaches based on project type, risk, team size, timelines, and client expectations.

Can IT teams use multiple project management methodologies at the same time?

Yes. Many IT companies use hybrid models, applying different methodologies or frameworks across projects or even within the same program.

When should an IT organization use Waterfall instead of Agile?

Waterfall works best when requirements are stable, scope is fixed, and strong governance or compliance is required.

How do Agile and Scrum differ in practice?

Agile is a broader approach focused on flexibility and iteration, while Scrum is a structured framework within Agile that organizes work into time-bound sprints.

Is Kanban suitable for software development teams?

Yes. Kanban is well-suited for support, maintenance, DevOps, and continuous delivery work where tasks flow continuously rather than in fixed cycles.

How does PMBOK fit into modern project management approaches?

PMBOK serves as a guiding standard that supports governance and best practices and can be applied alongside Agile, Scrum, Waterfall, and hybrid models.

How often should IT organizations re-evaluate their project management approach?

Organizations should re-evaluate their approach regularly, especially during periods of growth, process changes, or shifts in business and delivery models.

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Bhumi Goklani is the Product Manager at CollabCRM and a Professional Scrum Master™ I (PSM 1) with over 12 years of experience in Agile project delivery. Known for her meticulous planning and people-first leadership, she ensures every feature is aligned with real-world business needs. Her expertise spans around requirement analysis, sprint planning, and cross-functional team management, making her a driving force behind CollabCRM’s success.