Defined as “the application of knowledge, skills, tools and techniques to project activities to meet the project requirements,” project management has “always been practiced informally,” according to ...

Explore our complete guide to project management methodologies. Discover various approaches, including Agile, Waterfall, Scrum and Lean, and learn how to choose the best methodology for your projects.

Investopedia contributors come from a range of backgrounds, and over 25 years there have been thousands of expert writers and editors who have contributed. Suzanne is a content marketer, writer, and ...