Choosing a project management methodology can be overwhelming, but once you choose the right method for your business, it can be documented and repeated so you’ll spend less time figuring out how to structure and manage projects in the future. The most popular project management methodologies today Each project management methodology brings its own pros and cons to the table, but the most popular ones include waterfall, agile, hybrid, critical path method, critical chain project management, Six Sigma and scrum. How to effectively evaluate project management methodologies PMI has developed a globally recognized standard called the Organizational Project Management Maturity Model, or OPM3 for short. It helps organizations identify, measure and improve PM capabilities and offers some standardization to create predictable project outcomes and to determine best practices. Benefits of organizational project management Determining the best project management methodology for your business is time consuming but establishing a methodology for the organization can save time on future projects. You may even find your business requires multiple project management methodologies or a combination of the two. Key considerations in choosing a project management methodology Whatever methodology you choose, you will want to consider organizational goals, key business drivers, constraints, stakeholders, risks, complexity and the project size and cost. There isn’t a one-size-fits-all solution for project management, but once you find the right process for your organization, you’ll be well on your way to churning out successful enterprise projects.