Comparison of Waterfall and PRINCE2 Project Management Methodologies

Running head: PROJECT MANAGEMENT
Project Management
Name of Student
Name of University
Author Note

1PROJECT MANAGEMENT
Table of Contents
1. Introduction......................................................................................................................2
2. Waterfall Vs Prince..........................................................................................................2
2.1. Waterfall Method......................................................................................................2
2.1.1. Pros of waterfall.................................................................................................4
2.1.2. Cons of Waterfall...............................................................................................5
2.2. PRINCE2 Model.......................................................................................................5
2.2.1. Pros of Prince 2..................................................................................................6
2.2.2. Cons of Prince 2.................................................................................................6
2.3. Comparison between PRINCE2 and Waterfall........................................................6
3. Method for the Project.....................................................................................................7
4. Conclusion.......................................................................................................................7
References............................................................................................................................9

2PROJECT MANAGEMENT
1. Introduction
A project management methodology is considered to be a planned model, used by the
project managers in designing, planning, implementation and achievement of the identified
objectives of the project. Each and every project management methodology has some unique
feature that is beneficial for the execution of a project. Choosing an appropriate project
management methodology provide an opportunity for implementation of an undertaken project
in a planned manner. A number of methodologies of project management, are used in
implementing a project, which include scrum, Extreme programming, lean, Prince2 DSDM,
waterfall and others. Each methodology provide different functionalities and therefore, it is
necessary to choose the methodology as per the requirements and the specification of the project
(Alshamrani & Bahattab, 2015). This report will be discussing the contrasting characters of
waterfall and Prince2 project management methodologies. The details of each of the identified
methodologies will be provided in the report along with the pros and cons of each methodology.
The pros and cons of each methodologies are analyzed in the sections below.
2. Waterfall Vs Prince
In this report, a discussion about two different project management methodologies will be
provided. Waterfall project management methodology will be analyze on basis of PRINCE2
project management method. Details of each project management methodology is analyzed in
the sections below.
2.1. Waterfall Method
Waterfall method is known to be the very first process models that were introduced. The
model is also known as model of sequential life cycle that is quite easily understandable and

3PROJECT MANAGEMENT
implement (Model, 2015). This sequential model needs completion of a particular phase before
start of the next phase. Waterfall model is considered to be the earliest SDLC approach that is
used of developing a software. A linear sequential flow is illustrated in this methodology, and
therefore, it is considered to be a widely used approach of ascertaining the success of a project.
The following illustration provides the representation of model of waterfall.
Figure 1: Showing the Waterfall Model
(Source: Elghondakly, Moussa & Badr, 2015)
From the figure 1, it can be analyzed that the entire waterfall model is segregated into
different phases. The first phase of the model is requirement gathering and analysis. This phase
is important for documenting all the specifications that are to be documented in a project (Stoica
et al. 2016). The next phase of the model is the system design. As per the requirements that are