What Is a Methodology and What Are Some Methodologies Other

question 24

Essay

 What is a methodology and what are some methodologies other than the PMBOK Guide do organizations use as a basis for project management methodology?

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Definitions:

Bailment

A situation in which the personal property of one person (a bailor) is entrusted to another (a bailee), who is obligated to return the bailed property to the bailor or dispose of it as directed.

Bailee

The individual or party who temporarily receives possession, but not ownership, of personal property from another under a bailment agreement.

Dispose

To get rid of something, especially by throwing it away, selling it, or transferring it to someone else.

Legal Rights

Privileges or entitlements conferred upon individuals by law.