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Project Management Methodologies and Agile XP

   

Added on  2021-04-21

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Running head: ICT PROJECT MANAGEMENTICT Project ManagementName of the StudentName of the UniversityAuthor’s Note:
Project Management Methodologies and Agile XP_1

1ICT PROJECT MANAGEMENTTable of Contents1. Definition of Project Methodology........................................................................................22. Similarities and Dissimilarities between PMBOK and Agile XP..........................................43. Relating Agile XP with Project Life Cycle............................................................................5References..................................................................................................................................6
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2ICT PROJECT MANAGEMENT1. Definition of Project MethodologyA project attains major success the moment all the objectives and goals are obtained.The help of any particular methodology in project management normally attains theseobjectives. According to Burke, 2013, project methodology is the only way of gaining orachieving significant success within the project. Any project manager, irrespective of the factthat he is executing a large or a small project, takes up the help of project methodology.Budget and schedule are the two most important criteria in a project. These two criteria aresolely maintained by the methodology while managing a project. The project methodologycan be simply defined as a typical model, which is utilized by the all the project managers fordesigning, planning and proper implementation of project. Kerzner & Kerzner, 2017 statethat, the objective of the project becomes much easier to attain with this methodology.Innumerable advantages are present in one project methodology. The first and the foremostadvantage of this methodology is that it helps to reduce the project complexity. Everymember of any specific project team should understand clearly the scope of the project.Project methodology clearly defines the scope and importance of the project. It helps theproject to be completed sequentially and thus the project manager or the team members of theproject do not have to execute the processes manually. The third significant benefit ofmethodology can be that there is extremely lesser chance of incurring huge cost beyondbudget. Since, the project management methodology follows a strict sequence and accordingto the schedule and budget, it becomes extremely easy to manage the entire budget of theproject. Moreover, regular and daily follow ups are taken in project methodology. As perSchwalbe, 2015, project methodology can also be described as the capturing of all elementsof an upfront of project and also educating the project team about various elements with therespective relationships. Furthermore, the exclusive implementation of project is properly
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