Application of the Project Management Methodology Formation’s Method

Kononenko Igor () and Lutsenko Svitlana ()
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Kononenko Igor: National Technical University“Kharkiv Polytechnic Institute”, Strategic Management Department, 61002Kharkiv, Ukraine
Lutsenko Svitlana: National Technical University“Kharkiv Polytechnic Institute”, Strategic Management Department, 61002Kharkiv, Ukraine

Organizacija, 2019, vol. 52, issue 4, 286-308

Abstract: Background and Purpose: The selection of a “right” project management methodology for a particular project represents a problem of great importance. Its solution affects crucial project parameters like cost, duration, product quality, and the project’s success in general. The purpose of this study is to present a method for the formation of the project management methodology and illustrate its applicability on a software development project’s example.Design/Methodology/Approach: In this study, we describe the method of project management methodology formation that allows the forming of a specialized methodology for any IT project considering the fuzziness of information about the project, its environment, and existing expert’s recommendations. The method involves 1) collecting baseline information using a questionnaire, 2) calculating weighted Hamming and Euclidean distances, 3) solving a three-criterion optimization problem using a minimax approach with fuzzy input data.Results: All six stages of the project management methodology formation’s method (project evaluation, basis selection, alternative methodologies formation, methodology selection, methodology application, and methodology tailoring) were applied to form a specialized project management methodology for an IT project to increase the possibility of its success. The most appropriate alternative based on DSDM was selected and applied to manage the project.Conclusions: The given method allows the forming of a specialized project management methodology based on the components of Generalized Body of Knowledge for any IT project considering specific conditions of the project and its environment.

Keywords: Methodology; Project management; Formation; Application; Method (search for similar items in EconPapers)
Date: 2019
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Persistent link: https://EconPapers.repec.org/RePEc:vrs:organi:v:52:y:2019:i:4:p:286-308:n:3

DOI: 10.2478/orga-2019-0018

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