BM522 Project Management Assesment

Running head: BM522 PROJECT MANAGEMENT
Bucks Students’ Union Music Festival case study
Name of Student-
Name of University-
Author’s Note-

BM522 PROJECT MANAGEMENT1
Table of Contents
Introduction......................................................................................................................................1
Task 1: Comparison of three project management methodologies.................................................1
Task 2: Network Diagram...............................................................................................................3
Task 3: Stakeholder analysis and work breakdown structure..........................................................7
Work Breakdown Structure.............................................................................................................9
Task 4: Risk Analysis....................................................................................................................11
Bibliography..................................................................................................................................15

BM522 PROJECT MANAGEMENT2
Introduction
The report deals with the case study of Bucks Student’s Union and the project that is
included in this case study is organizing a music festival that is to be organized at the Town Hall.
This music festival is to be organized to celebrate the achievements of Alumni and as a
Subbatical Officer, the project has to be managed and assisted to host the music festival. For
managing a project, a proper methodology of project management is to be selected (Ibrahim, Ali
and Sirshar 2019). This report states comparison of 3 project management methodologies that
can be used in managing the project successfully. The hosting of the music festival includes
some set of activities and those are to be managed in the project. For managing the activities and
finding critical path of the project, project network diagram is to be designed and this report
shows the project network diagram for the project plan of music festival. This report also
describes the stakeholder analysis and the risk analysis for carrying out the project.
Task 1: Comparison of three project management methodologies
Waterfall model: This methodology is the oldest methodology of managing the
project. This methodology is a sequential methodology and it is heavily focused on the
requirement of the project (Pasian 2016). If the idea of the project and the requirement of the
project is clear, then only this methodology can be used.
Advantages:
1. This methodology is very easy to use.
2. This methodology provides proper structure of project development (Basari 2017).
3. With agile methodology, proper documentation can be achieved.

BM522 PROJECT MANAGEMENT3
4. This methodology is more efficient than any other methodology in project
management.
Disadvantages:
1. There is a high risk of developing the project with waterfall model. This model
increases the risk of failure.
2. This method mainly depends on the understanding of the project requirement, if the
project requirement is understood well, this methodology will work the best.
Agile model: The agile project management includes four values in the agile manifesto
of software development. There are many frameworks that are followed by Agile project
development. The frameworks are scrum and Kanban (Vhutshilo et al. 2018). All the methods in
agile method of project development follows objective that are mainly defined by the customers
and also provides changes in the final delivery of the project. The project team in Agile method
works in iteration and helps to evaluate the results after completion of each cycle.
Advantages:
1. The agile scrum helps to focus on the project with 30 days sprints. Sprints are time
division that are included in agile project. These sprints help to complete the project work in
repetitive cycles.
2. The agile method of project management is fast paced and is team focused. This would
allow the project team members to complete it within the time and provide their valuable
feedback in the project (Svensson and Tehler 2016).
Disadvantages: