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Project management Sample Assignment doc

   

Added on  2021-04-17

7 Pages1378 Words78 Views
Running head: PROJECT MANAGEMENTProject ManagementName of the StudentName of the UniversityAuthor Note

1 PROJECT MANAGEMENTTable of Contents1. Definition of Project Methodology..................................................................................22. Analyzing PMBOK and PRINCE2.................................................................................22.1. Analysis of Similarities between PMBOK and PRINCE2.......................................32.2. Dissimilarities between PMBOK and PRINCE2.....................................................33. PRINCE2 and Project Life Cycle (PLC).........................................................................4References............................................................................................................................6

2 PROJECT MANAGEMENT1. Definition of Project Methodology The word methodology refers to the system of methods used in a particular activity.Project methodology is a therefore a guiding process that helps in proper implementation of aproject. Project methodology is not tool specific but a set of rules that helps in properimplementation of a project. It therefore provides a proper strategic plan for successful projectimplementation (Leau et al., 2012). According to Špundak, (2014), methodology of a project canbe defined as a standard for choosing different process, procedures and techniques forimplementation of a project. Project methodology can further be defined as proper application ofproject management knowledge, tools and techniques for successful project implementation(Schwalbe, 2015). Therefore, it can be said that a project methodology plays a significant role inensuring a project success. There is an increasing need for using a proper project methodology inproject implementation as it ensures implementation of a project in a planned approach. Thereare different project management methodologies that can be undertaken by analysing the projectrequirements. The different types of project management methodology include waterfall,PRINCE2, Agile XP and agile scrum. 2. Analyzing PMBOK and PRINCE2PMBOK is a project management standard that defines the different tools and techniquesrequired for successful project implementation. The Project Management Body of Knowledgeprovides a set of guidelines that gives an overview of the different project management practices.The 10 knowledge areas of PMBOK provide a detailed overview of the different processesassociated with the process of project planning and implementation of a project. The PRINCE2project methodology can be defined as a process based method that provides an effective project

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