A methodology is a formalized approach for managing or executing a process or project. It includes tasks, responsibilities, deliverables, and evaluation criteria.
A good methodology has several characteristics. It is documented, and it presents a road map that is easy to follow. It is also definitive but flexible enough to use in responding to different situations, and it provides illustrations of inputs and outputs.
A methodology offers several benefits. It provides guidance in handling ambiguous situations, provides discipline in managing or executing a process or project, and improves productivity. It also generates confidence and provides a common standard for operating.
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