Method Engineering (ME) is a discipline which aims to bring effective solutions to the construction, improvement and modification of the methods used to develop Information Systems (IS). Situational Method Engineering (SME) promotes the idea of retrieving, adapting and tailoring components, rather than complete methodologies, to the specific context. Existing SME approaches use the notion of context for characterizing situations of IS development projects and for guiding the method components selection from a repository. However, in the reviewed literature, there is no proposed approach to specify the specific context of method components. This paper provides a detailed vision of context and a process for contextualizing methods in the IS domain. This proposal is illustrated with three case studies: scenario conceptualization, project portfolio management, and decision-making.