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Some certifications and organizations oversee and update the best practices. The best part of software development methodology is that it includes technical aspects and planning the proper development of software by the organization. As you saw, many custom software development companies operate different software development methodologies to perform the day-to-day task.
However, sometimes you must wonder if some of these practices are based on what is best or quantify these organizations' very existence. Adaption of standards has the benefit of integration in different environments, platforms as well as teams. However, when bad practices creep in and get codified, diminishing returns with every adaption adversely affect. You have to choose a software methodology for good performances and exceptional work.
We at Tech United try to keep an open mind to traditional approaches while keeping a close eye on the newer trends without throwing out the conventional techniques wholesale. Waterfall, for instance, might have its disadvantages, but it does have the benefit of being better prepared than many of the poorly implemented agile efforts. Few project managers understand how to identify problems in the system and adjust accordingly.