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PRINCE2 Methodology in Project Management

   

Added on  2021-04-21

8 Pages1517 Words62 Views
Running head: PROJECT MANAGEMENTProject Management[Name of the Student][Name of the University][Author note]
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PROJECT MANAGEMENT1Table of ContentsIntroduction:....................................................................................................................................2Discussion:.......................................................................................................................................2Project Methodology...................................................................................................................2Role played by project methodology in project management:....................................................3Comparison of Project Management Body of Knowledge (PMBOK) with PRINCE2methodology................................................................................................................................3Relation of PRINCE2 Methodology with Project Life Cycle.....................................................5Conclusion:......................................................................................................................................6References:......................................................................................................................................7
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PROJECT MANAGEMENT2Introduction:Project management generally refers to the practice for the purpose of “initiating”, “planning”,“execution”, “controlling” and closing of the work done by the team. This is done so as toachieve a certain goal which meets all the specifications in a certain interval of time (Špundak,2014). Whereas the project methodology generally refers to the five different projectmanagement phases or the process which mainly includes the “define”, “plan”, “launch”,“manage”, and lastly the “close”. Each of the phases is associated with addressing the specificaspects of managing a project that is from the define phase to the close phase (Kerzner &Kerzner, 2017). This report mainly discusses about main project methodologies, comparison ofthe PMBOK with PRINCE2 methodology and lastly how PRICE2 is related to the PLC orproject life cycle.Fig 2: Project development life cycleDiscussion:Project MethodologyProject management methodologies generally refers to the guiding process for those who areinvolved in the project (Pinto, 2015). This methodologies are generally used by the projectmanagers for the purpose of employing their design, planning, implement and achieve the
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