Project Management Methodologies for Global Projects

Bucks Student's Union
Music Festival

Table of Contents
INTRODUCTION...........................................................................................................................3
TASK 1............................................................................................................................................3
Compare and critically analyse the three project management methodologies of knowledge.
Along with advantage and disadvantage of using methodologies in global project....................3
TASK 2............................................................................................................................................6
Develop network diagram and clearly state the relationship of different activities involved in
carry out musical festival activities..............................................................................................6
TASK 3..........................................................................................................................................10
Undertake stakeholder analysis for the project and identify internal and external stakeholders
according to interest and power. Develop Work Breakdown structure for music festival........10
TASK 4..........................................................................................................................................11
Prepare risk analysis and develop strategies in order to deal with them significantly..............11
CONCLUSION..............................................................................................................................13
REFERENCES..............................................................................................................................14

INTRODUCTION
Project management encompasses the role to carry out systematic planning and
management of organisation resources, task as well as event in order to successfully accomplish
the preparation of objective (Burke, 2013). To better define the report the students of Bucks
Student Union will carry out project management under which project manager is responsible to
effectively host musical festival at local town hall for the Alumni. This report cover topics like
compare and contrast different project management methodologies and describe its application
for carrying out global project. Develop network diagram which represent the relationship
between different activities. Prepare stakeholder analysis and carry for risk analysis for music
festival.
TASK 1
Compare and critically analyse the three project management methodologies of knowledge.
Along with advantage and disadvantage of using methodologies in global project
The role of project management methodologies is to basically provide the
infrastructure or blueprint on the basis of which different tasks associated with global project act
are carried out. As global project whether it is relation to music or dance concert is carried out at
large scale due to which it require huge involvement of resources, funds and manpower. In
addition to that, the aim of managing comprehensive workflow via opting diverse project
management methodologies is to effectively structure internal activities in order to successfully
implement activities for global project (Meredith, Mantel Jr and Shafer, 2017). Thus, being
critical successful factor it mitigate the chances of risk by successfully executing the policies
management team. The explantation of some of the methodologies to effectively carry out global
project is listed below:

Basis of
difference
Agile methodology Waterfall Lean
Define According to Agile
methodology the team
members of project
management view the project
as larger picture and
accordingly break down the
whole project into different
stages as well as tasks. It
further require the collaborate
with internal as well as
external stakeholders in terms
to make them understand
about the task and
accordingly manage their
contribution. For instance, the
responsibilities of team
members are adequately
defined on the basis of certain
activities like decoration,
hospitality and arrangement
of food. Similarly,
responsibility are ties up with
external units like supplier
and investor to effective carry
out global project.
This methodology
involves the sequential
processing of activities
which is carried out in
step by step form. Here
the project manager
before moving from one
stage to another test the
existing activities and if
they are successfully
accomplished then out
all successive steps are
carried out. Application
of this project
methodology helps the
project development
teams to lead more
favourable as well as
desirable result
significantly.
Lean methodology is
highly recognised as
it helps to
continuously improve
the internal
operations and
function in order to
deliver values to
customer. Focus is
given to identify the
opportunity and
accordingly changes
are planned, executed
and reviewed to
produce desirable
result (Morris,
2013).
Nature It is basically flexible
approach which basically
depends upon incremental
It is quite rigid in
comparison with Agile
approach as all
Unlike Agile and
Waterfall method
under which the