There are a variety of project management methodologies in existence, such as PRINCE (Project in Controlled Environment), which in turn may be supported by an ever increasing range of project management tools, such as Project Manager Workbench (PMW) and MS-Project. The precise requirements of project management methodologies vary and frequently methodologies may be customised to meet the specific needs of an organisation. In spite of the widespread availability of such methodologies and tools, research has shown that the majority of IT projects are not implemented on time, within budget or to the appropriate level of quality. Typical components in a project management methodology include: Organisation This is to ensure that senior management are committed to.
