Project Management- Bucks Students Union Music Festival Case Study

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

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Table of Contents
Introduction......................................................................................................................................2
Project management methodologies................................................................................................2
Network diagram.............................................................................................................................5
Stakeholder analysis........................................................................................................................8
Work breakdown structure............................................................................................................11
Risk analysis..................................................................................................................................12
Conclusion.....................................................................................................................................14
References......................................................................................................................................16

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Introduction
The report is been designed for the purpose of gaining proper knowledge about the
different theories that are used in successful development of a project. The project aims at
assisting the team for managing the new musical festival that will be organized at local town
Hall. Thus as a sabbatical officer it is important to provide the student union with proper project
management knowledge so that they can carry out the project efficiently. The objective of the
report is to focus on comparing the most efficient project management methodologies that can be
used within the execution of the project, developing network diagram, analyzing the key
stakeholders and managing the possible risks.
Project management methodologies
The combination of different practices, methods and process used for developing a
project successfully is known as Project management methodology. The methods are further
used for planning, developing, controlling and delivering a project. With the help of project
management methods it becomes easy to execute the project. The key phases that are associated
with the project development our project initiation, planning, execution, monitoring and control
and lastly the closer phase (Alghail, Yao and Kie 2017). With the use of these project
management methodologies it becomes easy to organize the components of the project (Karaman
and Kurt 2015).
Waterfall methodology
Waterfall project management methodology is considered to be the oldest methodology.
Waterfall model focuses entirely on requirements so that it can offer better projected towards the

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customer. Waterfall model is divided into discrete stages and ensures that every phase has been
developed with the proper requirements (Ajam 2018). The waterfall management ensures that
the manager is capable of designing the requirement so that the time can be organized properly.
Waterfall model is mainly suitable for the projects that are short and simple and has a clear and
fixed requirement.
The key benefits that are offered with the use of waterfall model are listed below:
 Waterfall model offers the easy understanding towards the customers as there is a
different division at the stages.
 The structure of the waterfall model is rigid and it became easy to manage the results.
 The documentation associated with the waterfall model can be prepared at the early stage.
Besides these the disadvantages that are associated with the waterfall model are:
 It becomes a difficult to manage the resources as there is no going back to the earliest
stage possible.
 Lack of flexibility hampers the development of the project (Lee et al. 2018).
Agile methodology
An agile project management methodology is another software development processes
that is used for managing the different complex projects. The key phases that are associated with
the agile are scanning for the emerging trends and analyzing the information that leads to
developing decisions and solution, responding to the opportunities and risks and influencing the
future environments (Davis 2012). Agile methodology is best suited for the project that does not
have any fixed end release and the project needs to accommodate the quick changes.