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Running head:PM METHODOLOGIES V/S PM TOOLS Project Management:how PM methodologies are different from PM tools. Name of the Student Name of the University Author Note
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1PM METHODOLOGIES V/S PM TOOLS Table of Contents Introduction......................................................................................................................................2 Project Management Methodologies...............................................................................................2 Project Management Tools..............................................................................................................3 Difference between PM methodologies and PM Tools...................................................................3 Conclusion.......................................................................................................................................5 References........................................................................................................................................6
2PM METHODOLOGIES V/S PM TOOLS Introduction ‘Methodology’ is a term that is being bandied about every software development consultant and vendor imaginable. It is hard to find a vendor that can offer tools with the implementation of methodology that can be applicable for solving the operation problems within the existing system of the organization (Joslin & Muller, 2015). Technologies are continuously evolving and with the advancement in the technology new trend emerged for the world such as data driven design, functional decomposition, object oriented design, and many more. This results in the development of software tools that represents the automate extension of the techniques, “began to tout the products as methodology enablers”. The purpose of this report is to present the definitions of the project management methodologies and project management tools and put emphasis on the comparison between the methodology and tools. This report presents the difference between these objectives and states how much important are the both objectives for the successful delivery of the project. Project Management Methodologies Methodology can be represented as an approach to complete the activities within a project with defined set of methods, rules, deliverables, processes, tests activities, and milestones those will be applicable for solving the specific problems. In other words ‘methodology’ is a well defined, though out, repeatable approach that can be applicable in delivering the project successfully (Spundak, 2014). For example, Agile, waterfall, PRINCE2, PMBOK, and many more are the project management methodologies.
3PM METHODOLOGIES V/S PM TOOLS Project Management Tools It can be defined as the direction and structure on the chosen way in manner to complete the objectives without being much rigid or detailed. Tools can be helpful in providing guidance with the flexibility in the choices in manner to adapt the changes or the customization of the for the organizations while utilizing vetted approaches. Some of the standard project management tools can be listed as Logic Network, Gantt chart, PERT chart, Work Breakdown Structure and Product Breakdown Structure (Fleming & Koppelman, 2016). Tools are the execution of the rules those were set in the methodology and realization of those rules can be described as the tool. Tools can be comprised of the methodologies however; methodology is an independent set of objectives set for the successful delivery of the project or enhance the performance of the organization. Difference between PM methodologies and PM Tools Following comparison can be helpful in expressing the difference between the terms: SL. No.ObjectivesMethodologyTool 1.AboutWhat, when, & how to doWhat to do 2.StructurePerspectiveFlexible 3.Consistent OutcomeHighLow 4.Implementation DifficultyMediumMedium to High 5.Expertise NeededMediumHigh 6.Underlying PhilosophyYesMay be 7.Provides MetricsYesMay be 8.CustomizableSomewhatYes
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4PM METHODOLOGIES V/S PM TOOLS There is not any official classification between the methodology and the tool for the consultancyonthecomprehensiveoverviewoftheprojectmanagementtoolsandthe methodologies out there. Methodology define the ways of delivering the activities in the project whereas, the tools can be helpful in identifying the quantitative measurement of those activities. For example, waterfall methodology describes the activities dependent on each other, every activity is interdependent on the previous activity, and Gantt chart can describe those activities within the specified time and budget with a precise measurement (Kerzner, 2013). PMO is a tool based on different methodologies and these methodologies will be providing direction to the stakeholders on how to deliver the project whereas, the tools will be providing the list of activities that needs to be delivered within the specified budget and time. Both the tools and methodologies are different in the level of granularity that implies that more the rules are imposed on the course of action, closer the activities will be count in the methodologies. Methodologies describe how to do and why to do that whereas; tools describe what to do and whentodowithaccuratecourseofactions(Golini,Kalchschmidt&Landoni,2015). Methodology is a set of rules for the completion of objectives and milestones of the project and tools is the realization of those techniques in manner to deliver those activities successfully. Methodologies cannot be negotiated within a project and due to specific rules, flexibility level tends to zero whereas, tools can be flexible and offer different choices according to the nature of the project (Itskovich et al., 2017). Implementation of methodology can be stated as of high level and then tools can be set at a range between the medium to high. Using tools can be scientifically true because of the calculative nature of the course of action however methodologies are the old philosophy that should be considered for the enhancement in the efficiency of the project bu
5PM METHODOLOGIES V/S PM TOOLS cannot be a exact solution. It is important for an individual that he or she understand the importance of methodology, tool separately, some of the project managers use methodology, and tool interchangeably (Martinelli & Milosevic, 2016). When it is said that an individual is using the agile or waterfall methodology, ‘it doesn't mean they use a methodology called waterfall instead, they use word ‘waterfall’ as shorthand or an adjective, meaning they plan the whole project upfront and then execute.” Conclusion Based on the above report it can be concluded that the essential interpretations for the methodology are subtle however, there are significant differences during the analysis of the development environment. Buying software cannot be the only solution for the enhancement of the productivity of the organization rather; proper methodology is needed for the completion of projected goals. Researchers have shown that project management tools are not reliable as per the deliverables expected from those tools and are helpful for only representing the efficient approach for the implementation of designing techniques. This report put emphasis on the difference between the project management methodologies and project management tools and compared with each other. This report resulted in the conclusion that the intention of the true methodology should be to define the work environment in manner to deploy an effective ability of the techniques and tools. Above findings resulted in the conclusion that application of tools along with the proper implementation of methodology can be helpful in delivering the project with higher efficiency and in successful manner.
6PM METHODOLOGIES V/S PM TOOLS References Fleming, Q. W., & Koppelman, J. M. (2016, December). Earned value project management. Project Management Institute. Golini, R., Kalchschmidt, M., & Landoni, P. (2015). Adoption of project management practices: theimpactoninternationaldevelopmentprojectsofnon-governmental organizations.International Journal of Project Management,33(3), 650-663. Itskovich, A. A., Chernov, A. O., Fainburg, G. D., & Fainburg, I. A. (2017). INCREASING THE AIRCRAFTAIRWORTHINESSMAINTENANCEEFICIENCYBASEDONTHE PROJECT MANAGEMENT METHODOLOGY.Naučnyj Vestnik MGTU GA,20(1), 26- 35. Joslin, R., & Müller, R. (2015). Relationships between a project management methodology and project success in different project governance contexts.International Journal of Project Management,33(6), 1377-1392. Kerzner, H. (2013).Project management: a systems approach to planning, scheduling, and controlling. John Wiley & Sons. Liu, S., Wang, L., Lu, Q., Won, J., Cheng, J. C., & Andersen, E. S. (2016). Earned value project management (EVPM) is an effective tool for managing project performance. However, most studies on extensions and applications of EVPM concentrate on improving final cost and duration estimates rather than improving upon the use of planned value (PV) to predictearnedvalue(EV)andactualcostvalue(AC).Thisstudyproposesa
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7PM METHODOLOGIES V/S PM TOOLS straightforward modeling method for improving the...International Journal of Project Management,34(1), 102-116. Martinelli, R. J., & Milosevic, D. Z. (2016).Project management toolbox: tools and techniques for the practicing project manager. John Wiley & Sons. Špundak,M.(2014).Mixedagile/traditionalprojectmanagementmethodology–realityor illusion?.Procedia-Social and Behavioral Sciences,119, 939-948.