Assignment on Project Methodologies
Added on 2020-03-07
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Assignment on Project Methodologies
Project methodologiesContentsDefinition:.............................................................................................................................................2Role of methodology:............................................................................................................................2Types of project management methodologies:......................................................................................2Relation of PMBOK and Prince2 with project life cycle:......................................................................4Conclusion:............................................................................................................................................5References:............................................................................................................................................61
Project methodologiesDefinition:Project methodology is defined as the set of rules and standards provided to the project team for managing the project. It makes the job of the project manager lighter and easier. The guidelines and the template help in successful delivery of the project. The flexibility can be associated with the approved design. The project methodology uses top down approach for evaluating the progress in terms of goal, deliverables, and objectives. Role of methodology: The methodologies are used for managing the tasks with the limited amount of time and resources. The methodologies help in defining the project scope, constraints in time, availability of resources, and needs of project delivery. The series of subsequent steps is organised for completing the project. Types of project management methodologies:Agile Methodology: The aim of this methodologies helps in empowering the teams by encouraging the involvement of customers and managing the risks associated with the project. This methodology is usually derived for team development, monitoring of the project, responsiveness in relation to change. The continuous communication should be arranged throughout the lifecycle of the project. Waterfall Methodology: The waterfall methodologies help in effective utilization of the team. The different roles and responsibilities are allocated to the different team members of the project. The completion of the assigned task helps in reaching the goal of the project. The waterfall methodology does not allow changes in the scope of the project. The phases involved in the waterfall methodology are specification of the requirement, designing, construction, integration, debugging and testing, installation, and maintenance. Prince2: The Prince2 methodology is based on the facts and standards. It follows the process based approach for managing the project. System development life cycle: The software development project follows the conceptual model for the management of the project. It is the accumulation of different methodologies. The documentation preparation is the major concern area of the system development life cycle. Project management body of knowledge: PMBoK is the collection of standard terminology and guidelines for managing the project. It provides the complete management of the project in terms of critical path method and work breakdown structure. “It is useful for financial forecasting, management of the organization behaviour, budgeting, management science, and others” (Skogmar, 2015). The success of the project depends on knowledge, skill, technology, and tools. The inputs required for the processes are documents, design, and plans.The outputs received from the input provided to the methodology are documents, design, and plans. 2
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