Project Management Methodologies Research Paper 2022

Project Management
Methodologies

About PM methodologies
• PM methodology is a set of principles and processes that
helps in managing project
• PM methodology are selected on the basis of project
• Helps in executing project successfully

About the paper
• The paper aims at comparing and contrasting two
methodologies that are SCRUM and PMBOK
• The paper helps in identifying the effective methodology
• The advantages and disadvantages associated with the
methodologies will be discussed

Introduction
• Project management body of knowledge is referred to the
standard developed with the correlation of PMI.
• SCRUM is a framework developed by software development
experts

About PMBOK
• PMBOK offers wide range of features
• Helps in enhancing the business performance
• The phases associated with PPMBOK are:
• Initiation
• Planning
• Execution
• Monitoring and controlling
• Closing

Knowledge area for PMBOK
• The knowledge area associated with PMBOK are:
• Project integration management
• Project scope management
• Time management
• Cost management

Knowledge area for PMBOK
• Quality management
• Human resource management
• Risk management
• Communication management
• Procurement management
• Stakeholders management

Advantages and disadvantages of PMBOK
• Advantages:
• Process oriented
• Activities can be managed efficiently
• Defined outputs
• Disadvantages:
• Complex for small projects
• Need modification
• Difficult to manage team

SCRUM Framework
• SCRUM does not offer any proper procedure for doing the
project
• It can be stated as a framework
• This process starts with identifying the customers need

Scrum roles
• The scrum roles are:
• Product owner: responsible for defining product features
• Scrum master: responsible for managing the process
• Team: responsible for developing the products

SCRUM activities
• Scrum activities are:
• Product backlog refinement
• Sprint planning
• Daily scrum
• Sprint review
• Scrum retrospective

Advantages and disadvantages of SCRUM
• Advantages:
• Faster product development
• Flexible results
• Feedback can be obtained
• Disadvantages:
• Scope creep may occur
• Suitable for small teams
• Hard to implement

Conclusion
• After evaluating the methodologies it can be stated that
methodology depends on the project.
• Hence it can be stated that SCRUM is more suitable for
complicated projects
• PMBOK needs to be selected for lower expectancy projects

References
• S. Obrutsky, "Comparison and contrast of project management
methodologies PMBOK and SCRUM." (2015).

Thank You