Project Management Methodologies PDF

Running head: PROJECT MANAGEMENT METHODOLOGIES
Project Management Methodologies
Name of the Student
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Author Note

1PROJECT MANAGEMENT METHODOLOGIES
Introduction
Innovation and creativity is a key success factor of any business as it helps a particular
business in gaining a competitive advantage. Every organisation is bound to face some risks and
challenges in their business and the success of the business depends on techniques and
methodologies an organisation uses to address those challenges. Proper project management
helps in addressing the challenges faced in the project. Project management methodologies can
be defined as the process of implementing a system of methods that can be used in managing a
particular area or the study. Methodology is a theoretical analysis of the different methods that
can be applied is a particular field or study, especially in project management (Harrison and
Lock 2017). Use of proper project management methodology helps in implementing the project
in a planned and strategic manner. Since the survivability of a project largely depends on the
process of risk management. Selection of a proper project methodology helps in proper risk
management as well (Kerzner and Kerzner 2017). Since the projects and the problems differ
from organisation to organisation, the selection of a proper project methodology varies in
different organisation. Therefore, the choice of project management methodology largely
depends on the problem or the issues that is needed to be addressed. The aim of this essay is to
recommend proper project management methodology to the three organisations, in accordance to
the problems faced by the organisations (Lianying, Jing and Xinxing 2012). The type, goal and
issues of each organisation are different and therefore, the choice of the project management
methodology will be different as well (Parker et al. 2013). The following paragraphs discuss the
suitable project management methodology for each of the three organisations.
The Chosen Methodology for Organisation A

2PROJECT MANAGEMENT METHODOLOGIES
Organisation A is a manufacturing company that manufactures high end and high volume
memory chips. It is a big organisation with 2100 employees. The organisation aims to develop
market in the North and South America and in order to do so, the company needs to expand its
manufacturing operations in Brazil. The organisation is looking to set up sales and marketing
division at first, which will be followed by the establishment of a low cost and a high tech
manufacturing plant. The staffs of the organisation will be on a secondment for 6 to 12 months,
for setting up the new operation. Therefore, it is essential for the organisation to have a speedy
project implementation process. The organisation has decided to establish a local project team,
which will help in setting up the manufacturing plant.
On evaluation of the current situation of the organisation, it is found out that the major
constraints associated with the project is that of time and budget as the organisations needs a
speedy implementation of a low cost manufacturing plant.
The available options of the appropriate project management methodology are Project
Management Body of Knowledge (PMBOK) and Project In a Controlled Environment
(PRINCE2). The PMBOK was developed by the project management institute and is used across
the globe. The PRINCE2 methodology is mainly used in construction projects and is developed
by the Office of Government Commerce in UK. The PRINCE2 project methodology implements
a project in a controlled environment and as a result of that, the phases can be long resulting in
project delays (Remington and Pollack 2016). This project aims at developing a low cost project
and within a set schedule and therefore, PRINCE2 methodology cannot be used.
The choice of PMBOK project management methodology is appropriate for this project
as it is expected that the local project team will have a proper knowledge about the methodology

3PROJECT MANAGEMENT METHODOLOGIES
(Obrutsky 2015). The PMBOK is a project guide that will help in implementation of a project
according to the project plan. The choice of a particular project management methodology is
definitely a management level activity as it is the organisational goal to expand the business in
North and South America and this project will mark the beginning of the same (Rose, 2013).
However, in the decision of making a choice of the proper project management methodology, the
project manager should be involved. This is because the project manager has a proper knowledge
about the different project processes and the different project works that are needed to be
completed. Along with the project manager, a program manager can be involved in case of a
larger project size.
The project management body of knowledge is chosen to be the appropriate project
methodology on evaluation of the current situation of the organisation and to fulfil the needs of
the current project. Therefore, it is recommended that the chosen methodology will be
implemented in its entirely. The project manager is responsible for the indentifying the different
project stages that the project will cover. The PMBOK project methodology divides the project
in fives phases which are project initiation, project planning, execution of the project, project
control and project closure (refer to appendix 1). The division of the project in separate project
stages helps in easier implementation of the same. The implementation plan for the project that is
undertaken by the organisation A are as follows-
In the initiation phase of the project, the project requirements are gathered and the
feasibility analysis is done. Followed by that, the project plan for setting up of sales and
marketing division along with the implementation of the manufacturing plant is prepared.