Abstract: “Project management’s PRINCE2 is a widely used methodology. It is flexible and offers set of procedures to implement and manage a project. PMBOK provides principles and tools that can be used by project managers for successful handling of projects. This paper presents a study of project management’s methodology PRINCE2, CMMI and a guide to project management PMBOK. Research was done to identify their weaknesses and issues and areas where they can complement each other were highlighted. This way they can be used in a more efficient way to fulfill the needs of any industry.”

Keywords: CMMI, PRINCE2, PMBoK