ICT Project Management: Methodology, PRINCE2 and PMBOK Comparison, Project Life Cycle

Running head: ICT PROJECT MANAGEMENT
ICT Project Management
Name of the Student
Name of the University
Author’s Note:

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ICT PROJECT MANAGEMENT
Table of Contents
1. Methodology and its Role in Project Management.....................................................................2
2. Comparison and Contrasting PRINCE2 and PMBOK................................................................3
3. PRINCE2 and PMBOK in Project Life Cycle.............................................................................4
References........................................................................................................................................6

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ICT PROJECT MANAGEMENT
1. Methodology and its Role in Project Management
The systematic and theoretical analysis of various methods, being applied to a typical
field is termed as methodology. The methodology consists of all the theoretical analyses of the
principles and methods with proper details (Heagney, 2016). These principles and methods are
related to the branch of knowledge. This methodology even encompasses the several concepts
like paradigms, quantitative techniques, phases, models of theory and finally qualitative
techniques.
Methodology plays an important role for managing a project. The significant combination
of various logical methodologies, practices and processes to determine the process of
development, controlling and delivering the final product through the process of implementation
is termed as methodology in project management (Burke, 2013). The main objective of this
project management methodology is enabling the overall control of the management of project
by means of solving problems and taking decisions efficiently. This is mainly done by ensuring
the complete success of all the methodologies, techniques, approaches and processes.
The methodology of project management provides the vital framework for planning as
well as delivering various projects of every size or type. This framework of project management
eventually focuses on the complete knowledge of all the required changes with the chosen
approach of methodology (Walker, 2015). This required change is extremely important and
could be easily done with the help of project methodologies. The systematic change in terms to
time, quality and cost takes place with this project methodology. The two distinct types of
project methodologies are modern approach and traditional approach. The most popular
approach in project management is the modern approach in respect to traditional approach.