2 ICT PROJECT MANAGEMENT Question 1 Definition of Methodology and its Role in Project Management Methodology could be eventually stated as the systematic approach, which is being utilized in the specified activities. There is a theoretical analysis of the various methodologies that help to encompass the major concepts like qualitative as well as quantitative technique and paradigm and this particular theoretical analysis is termed as methodology (Nicholas & Steyn, 2017). For the huge association of theories as well as principles, the methodology is utilized within project management to properly execute the typical project. Furthermore, this methodology also provides the basic framework for completing the several tasks in any process or project. This methodology has a major as well as vital role within project management (Leach, 2014). The projectmanagementmethodology could be eventually stated as the basic combination of several logical methodologies, processes and the practices, which are being utilized with a major purpose of solely determining the subsequent procedure of developing, controllingandalsodeliveringtheoriginalprojectbyasubsequentprocessof implementation. The most significant and important advantage of this type of project management methodology is that it majorly enables the companies for project tacking systematically with each and every acceptable risk. Furthermore, the significant benefits at the strategic, tactical and operational levels are properly enhanced with project management methodology(Verzuh,2015).Thesimplerdecisionmakingprocedureisyetanother important advantage of the methodology of project management. All of these methodologies hence can specify the selection as well as requirement of tasks and thus resources and time are maximized efficiently.
3 ICT PROJECT MANAGEMENT Question 2 Comparison and Contrast between PRINCE2 and Waterfall Methodologies with Major Similarities and Differences Some of the major and important methodologies are present that help in project management and that help project managers for their project execution (Hwang & Ng, 2013). The proper contrast and comparison between PRINCE2 and waterfall methodologies are given below: i)ProjectinControlledEnvironmentsorPRINCE2isoneofthestructured methodologies for project management, which mainly focuses on the proper division of various projects into the manageable and controllable phases. The methodology of waterfall is a linear and sequential design approach that mainly helps in engineering designing. For the software development, the model of waterfall subsequently inclines for being amongst the less iterative and flexible PM approaches as the overall project progress flows in one justified direction. ii) The PRINCE2 PM Methodology consists of five distinct stages that are project initiation,projectplanningaswellasdirection,stagecontrolling,stageboundary management and the final phase is to close the entire project. Six sequential phases are present in the waterfall methodology (Kerzner, 2018). These six phases are requirement analysis, project designing, implementation, proper testing, installation and the final phase is maintenance of the project. Waterfall is a specific sequential methodology, which is used after sequential execution of every step.
Paraphrase This Document
Need a fresh take? Get an instant paraphrase of this document with our AI Paraphraser
4 ICT PROJECT MANAGEMENT iii) The methodology of PRINCE2 is one of the structured approach that is eventually completed after properly executing every particular step. A basic framework as well as some of the guidelines are eventually followed here. The waterfall methodology is similar to PRINCE2 in this particular factor. This is the structured approach that subsequently follows a specified structure or framework for proper completion of project.
5 ICT PROJECT MANAGEMENT Question 3 Identification of PRINCE2 and Waterfall Methodologies in Project Life Cycle Each and every project management methodology comprises of some of the basic stages (Schwalbe, 2015). There are total five stages in PRINCE2 project life cycle and these are given below: i)Starting as well as Initiation: This is the first stage of PRINCE2 methodology, where the project is initiated and the idea is finalized. ii)Planning: In this stage, the project planning as well as direction is checked properly. iii)Stage Controlling: This is the third phase, where the various stages are being controlled. iv)Stage Management: In this particular phase, the stage management is one properly. v)Project Closure: This is the final phase of PRINCE2, where the project is being closed and maintenance would be done (Leach, 2014). There are six phases in the waterfall model and these phases are given below: i)Analysis of Requirement: The requirements of project are analysed in the first phase. ii)Designing of project: The second phase is the project designing and planning is made. iii)Project Implementation: In this stage, the plan is being implemented properly.
6 ICT PROJECT MANAGEMENT iv)Testing: In the fourth stage, defect debugging is done and then testing is completed. v)Project Installation: Here, the software is installed properly (Kerzner, 2018). vi)Maintenance: In the final phase, project maintenance is done.
Secure Best Marks with AI Grader
Need help grading? Try our AI Grader for instant feedback on your assignments.
7 ICT PROJECT MANAGEMENT References Hwang, B. G., & Ng, W. J. (2013). Project management knowledge and skills for green construction:Overcomingchallenges.InternationalJournalofProject Management,31(2), 272-284. Kerzner, H. (2018).Project management best practices: Achieving global excellence. John Wiley & Sons. Leach, L. P. (2014).Critical chain project management. Artech House. Nicholas, J. M., & Steyn, H. (2017).Project management for engineering, business and technology. Routledge. Schwalbe, K. (2015).Information technology project management. Cengage Learning. Verzuh, E. (2015).The fast forward MBA in project management. John Wiley & Sons.