Project, Systems Development Methodology

I was working on a client requirement today and the question of the exact difference between project management methodology and systems development methodology came up. Be it for an advisory or an audit project, we normally tend to talk of both in the same breath, sometimes even blurring the lines between the two.

Will try during these ramblings to highlight a few differences and also de-mystify some new jargon in the process -

I had occassion to look at the MSF model for CMMI process improvement which does Agile development...