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Project Management: Tools and Techniques

   

Added on  2020-07-22

15 Pages4793 Words47 Views
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MANAGING PROJECTS
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Table of ContentsINTRODUCTION...........................................................................................................................1QUESTION 1..................................................................................................................................1QUESTION 2..................................................................................................................................5QUESTION 3..................................................................................................................................7QUESTION 4..................................................................................................................................8CONCLUSION................................................................................................................................9REFERENCES..............................................................................................................................11
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Table of FiguresFigure 1 Agile methodology framework......................................................................................................8
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QUESTION 1PRINCE 2 is the most extensively used methodology of project management whichproject managers (PM) utilizes to effectively organize and put control over the project frombeginning to end. In the rapidly changing and dynamic environment, PRINCE 2 methodology isstructured or process based method that focuses on adapting change so as to effectively run theproject and manage it successfully (Fleming and Koppelman, 2016). Roles of key stakeholders in PRINCE 2 methodology Every project has number of stakeholders such as consumers, project managers andothers grouped into three groups that are customer, end-user and business group.PRINCE 2methodologies identifies the roles of all the stakeholders in different groups and establish acoordination to deliver project on time and within budgeted (Bingham and Gibson Jr, 2016). Theroles of various groups of stakeholders in PRINCE 2 methodology as a technique of projectmanagement are presented here as under:Customer group: Customers are the person who will be liable to pay for the completedproject (Rasnacis and Berzisa, 2017).For instance, in PRINCE 2 methodology, for aconstruction project of a bridge in a residential area by the government, government will comeunder the customer group. However, in a software development project, person or organizationfor whom, software will be designed as per their need and expectations and in return, who willbe responsible to pay the cost comes under Customer group. End-user group: This group consists ofpeople who will either use the finished projectas a deliverable or influenced by the outcome of the project (Fleming and Koppelman, 2016).Referring the bridge construction project, all the road users such as public will be the part of theend-user group.However, the group of people who make use of designed software system comesunder End-User Group.It must be noted that sometimes, it might be possible that customergroup and end-user group members are same (Heagney, 2016).Business group: In PRINCE 2 methodology, project manager is the key stakeholder fallsin such category. In context to the bridge construction project, company handling theconstruction work will come under the business group. However, in software developmentproject, software development team manager will be the key stakeholder in Business Group(Micic, 2017).The manager of such construction project is accountable to create plan, policies,Page | 1
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