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MAN3104 - Introduction to Project Management Methodologies

   

Added on  2020-03-04

7 Pages1051 Words96 Views
Running head: PROJECT MANAGEMENT METHODOLOGIESPROJECT MANAGEMENT METHODOLOGIESNAME OF THE STUDENTNAME OF THE UNIVERSITYAuthor’s Note

1PROJECT MANAGEMENT METHODOLOGIESTable of ContentsIntroduction..........................................................................................................................2Project Methodologies and Processes..................................................................................2PMBOK...........................................................................................................................2Agile................................................................................................................................2PRINCE2.........................................................................................................................3SDLC...............................................................................................................................3Waterfall..........................................................................................................................3Difference between Agile and Waterfall Model..................................................................4The Selected Method...........................................................................................................4References............................................................................................................................5

2PROJECT MANAGEMENT METHODOLOGIESIntroductionProject Management Methodologies are a sequence of various project operationsdesigned to help the project managers to deal with the project in the scheduled order. The mainaim of these methodologies is to finish the tasks as faster as possible with making new strategiesand along with handling the problems that occurs in between (Tipaldi et al., 2013). It guidesthroughout the total project and offers to meet the goal from the very beginning of the project toits finish time. Methodologies specify which task to be process after which task to utilise themost of the resources within less time. The design outlines the task that needed to be completedfirst and taking it in the mind of the previous tasks that is dependable to the current task. It alsorequires taking up risk management strategies for dealing with the problems that occur inbetween (Schwalbe, 2015). These techniques in use determines the project’s scope, the time itwill take, resources available and the delivery time of the project.Project Methodologies and ProcessesThe following methodologies are the most frequently used in the Project Management:PMBOKThe Project Management Body of Knowledge or PMBOK breaks the total project intofive groups of processes that are Initiation, Planning, Execution, Controlling and Closing(Kerzner, 2013). Project Management scholars take PMBOK as a set of standards for the projectmanagement rather that a standalone methodology for the managing the project.

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