Project Development Methodology is an organized and systematic approach to the completion of a business project. It is a set of principles, practices, and processes that are used to plan, define, develop, and deliver successful projects.
This methodology is used to ensure that all of the goals, objectives, and desired outcomes are met in a timely and cost-effective manner. It is also used to maximize the use of resources, minimize risks, and ensure that the project is completed on time and within budget.
The basic components of a Project Development Methodology include project objectives, project scope, project charter, project plan, project team, project timeline, quality assurance, and project evaluation. The project objectives are the specific goals that need to be accomplished in order to achieve the desired outcome. The scope of the project includes the scope of activities, budget, timeline, resources, and deliverables.