Project Management Methodologies for Bucks' Students Union Music Festival

PROJECT
MANAGEMENT

Table of Contents
INTRODUCTION ..........................................................................................................................3
TASK 1............................................................................................................................................3
Three project management methodologies..................................................................................3
TASK 2............................................................................................................................................4
Network diagram, Gantt chart and critical path...........................................................................4
TASK 3............................................................................................................................................4
Stakeholder analysis and work break down structure..................................................................4
TASK 4............................................................................................................................................5
Risk analysis for five various risks that affect project.................................................................5
CONCLUSION................................................................................................................................7
REFERENCES................................................................................................................................8

INTRODUCTION
Project management is set of procedures, skills, methods and knowledge to achieve
particular objectives accordant to project acceptance criteria (de Carvalho, Patah and de Souza
Bido, 2015). The present report is based on Bucks' students union music festival. It explains the
three project management methodologies, network diagram and stakeholders analysis. It justifies
communication strategies, risk analysis and risk management strategies to reduce potential
problems.
TASK 1
Project management methods
Agile project management methodology-
According to Layton and Ostermiller, (2017) agile project management method is one of
the most popular project management methodology use for managing music festival effectively.
It is best suited for work that is incremental and iterative, agile is kind of procedure where
solutions and demand include through collaborative efforts of self managing, cross functional
groups and their clients. It analysed that this approach is in iterative method to delivering a
specific project throughout their life cycle.
Advantage-
The advantage of this methodology is that, while preparing plan for organizing function,
with the help of agile project manager test and check the procedure of work and activities related
to this continuously.
Disadvantage-
Agile consume more time and have less predictable, while waterfall methodology work
better, it is easy to manage and simple to understand.
Waterfall-
Despa, (2014) discussed that waterfall project approach considered as one of the
traditional project management methodologies, will use in managing the Bucks student's union
music festival. It is linear and systematic design approach where growth and success of project
flows downwards in one direction. It is linear project management method, where consumers and
stakeholder’s needs are collected at starting of project and then a chronological project plan is
developed to accommodate those demands.
Advantage-

The best thing about this approach is that as compare with other approaches, it focuses
most on a defined and clear set of steps. It helps to transfer information in effective manner
which in return cater many benefits.
Disadvantage-
This approach is based entirely on following a set of phase that keeps groups of people
always moving forward, it is the drawback of this method.
Scrum-
Usman, Soomro and Brohi, (2014) stated that scrum is the best project management
methodology, comprised of five values. Scrum methodology goal is to deliver, sustain and
develop complex services or products through accountability, interactive and collaboration
progress. It critically analysed that this model or approach suggest that projects growth via range
of sprints.
Advantage-
Instead of water fall method, project handle use this approach because waterfall project
methodology does not permit much revision or reflection through which individual cannot be
able to identify risks or any further issues which impact on their work.
Disadvantage-
Con of Scrum is that it is not much effective as compare to agile because it need to be
high level and experienced person, lack of experienced or knowledgeable individual scrum
procedure has some risks of scope creep.
Comparison between all above project management methodologies based on advantage
and disadvantages-
Agile is quite beneficial methodology as compare to waterfall and other, it helps to
provide high quality of services and products (Sohi and et.al., 2016). It allows organizer able to
make any changes require in success of work. With the help of testing and regular check-ups
project team will consider any problem which they can solve easily (Anand and Dinakaran,
2016).
On the other hand, waterfall project management methodology is good as compare to
agile and scrum. According to waterfall approach, project team follow each and every single
step, they never move forward until the before stages has been completed. When compared with
other methodologies, it is centring most on defined and clear set of phases.