Which term refers to the set of practices or methods that aim to improve project performance?

The term "methodology" specifically refers to a structured set of practices, techniques, and strategies used to achieve improvement in project performance. It encapsulates not only the processes involved but also the underlying principles, rules, and frameworks that guide how projects are executed and managed. By utilizing a well-defined methodology, organizations can effectively increase the consistency and efficiency of their project outcomes, leading to better performance.

Methodologies often integrate various processes and can encompass various tools that help practitioners identify best practices and apply them systematically. This allows for improved planning, execution, and monitoring of projects, ultimately positioning teams for greater success and alignment with organizational goals.

In contrast, while guidelines provide recommendations and directions, they may not constitute a comprehensive system for project management. Processes are specific techniques or sequences of tasks within a project, and models represent conceptual or theoretical frameworks but may lack the prescriptive nature of a methodology. Thus, methodology stands out as the term that best captures a holistic approach aimed at enhancing project performance.