method - A means or manner of procedure, especially a regular and systematic way of accomplishing something
methodology - A body of practices, procedures, and rules used by those who work in a discipline or engage in an inquiry; a set of working methods
(The American Heritage® Dictionary of the English Language, Fourth Edition Copyright © 2005, 2000 by Houghton Mifflin Company. Updated 2005.
Published by Houghton Mifflin. All rights reserved. http://www.ask.com/reference/dictionary/ahdict/51462/method)