Project Management

Methodologies and Life Cycles

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A methodology is a set of standards and procedures to follow for a given process. Life cycles define the various components of a project’s or product’s life and are comprised of initiation, execution and closing components. You need to utilize both methodologies and life cycles to be a truly successful project manager.

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"Nearly every great advance in science arises from a crisis in the old theory, through an endeavor to find a way out of the difficulties created. We must examine old ideas, old theories, although they belong to the past, for this is the only way to understand the importance of the new ones and the extent of their validity."

- Albert Einstein

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