Analyzing Project Management Methodologies and Impact on Success

This literature review examines the impact of project management methodologies (PMMs) on project success. It discusses methodologies such as PMBoK, PRINCE2, and ISO, highlighting their different approaches and suitability for various project types. The review emphasizes that PMMs contribute significantly to project success, measured against criteria like quality, cost, time, and internal efficiency. PMBOK offers robust structures for scope and contract management, while PRINCE2 promotes shared financial and functional authority with senior management. The suitability of each method depends on the project type, and effective implementation is crucial for achieving project success. Desklib provides access to this and other solved assignments.

Project Management

Literature Review
Project management methodologies helps in enhancing the effectiveness of the ability of a
project manager to manage any project. The use of the project management methodologies can
help in attaining the success. The use of the reflective PMMS can contribute in the success of a
project (Joslin and Müller 2015).
PMBoK presents the solutions and the standards related to the project management. PRINCE2
includes the methods for the management of the project, on the basis of the experience of
project managers. It helps in controlling and managing the projects of different types. ISO
prepares the international standards for the management of projects. Each of the methodology
serves differently in different types of project. These methodologies contribute in managing the
project and in ensuring the success of the project (Macek 2010).
The success of the project is measured mainly in the end against the criteria for success that are
related to the quality, cost, time and the internal efficiency. The success factors influence the
accomplishment of criteria. The project management methodologies are one of the factors that
enhance the effectiveness of the project and contribute in the project success. A research study
was conducted by Joslin & Muller (2015) in order to analyse the relationship between project
success and the use of the project management methodologies. It has been found through the
study that PMMs contributes significantly in the success of the project (Karaman and Kurt
2015).
PMBOK has more sustainable structures for the scope management, contract management and
the other aspects in comparison to PRINCE2. On the other hand, the decision- making in this
methodology is solely undertaken by the project manager. PRINCE2 involves the sharing of the
financial and the functional authority with the senior management. The project manager
oversees the project on behalf of the senior management. On the positive side, this
methodology is preferred by many of the organizations globally. This method is easy to use and

learn as well. The suitability of these methods depends mainly upon the type of the project. The
success of a project can be confirmed through effective use of the methods (Kerzner 2018).
References
Joslin, Robert, and Ralf Müller. 2015. "Relationships between a Project Management
Methodology and Project Success in Different Project Governance Contexts". International
Journal of Project Management 33 (6): 1377-1392. doi:10.1016/j.ijproman.2015.03.005.
Karaman, Ersin, and Murat Kurt. 2015. "Comparison of Project Management Methodologies:
Prince 2 versus PMBOK for IT Projects". International Journal of Project Management 4
(4): 572-579.
Kerzner, Harold. 2018. Project Management Best Practices: Achieving Global Excellence.
John Wiley & Sons.
Macek, Wojciech. 2011. "Methodologies of Project Management". Contemporary Economics 4
(4): 267-280. doi:10.5709/ce.1897-9254.o188.