Comparison of Project Management Approaches

PROJECT
MANAGEMENT
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TASK 1
Comparison between project management approach
Agile: Agile project management approach proves crucial for manager in planning and guiding
different activity of project in project management. Agile project management approach prove
crucial in manager in dividing total work of project into small units by accruing the quality. This
approach focuses on adopting policies of continuous development by using autonomous
techniques ( Layton and Ostermiller ,2017).
 Advantages: This methodology provide good supporting hand in adjusting in changing
environments and prove crucial in developing strategies to overcome problems of
changing business environments and getting outcome faster. It prove crucial in
improving costumer satisfaction
 Disadvantages: This methodology is difficult to understand by every manager. As
Result occurs from agile is difficult to predict. Senior programmers can only use this
method as this need proper knowledge for taking decisions.
Hybrid: This method provide better chance of resolving the project as it is combinations of both
formal and agile methodologies. It create a new project management method. (Zuñiga , Flores
and Merino , 2018 ) .
 Advantages: This method focus on product features as compared to final result of the
project. Also, provide good supporting hands to understand project in much efficient
way.
 Disadvantages: Accurate and reliable results are not occurred by this methodology it is
the methodology which is oldest in the nature. This method is not suitable for carrying
out long term projects.
Waterfall: It is the method in which manager collect all the information regarding customer and
stakeholder needs and take necessary steps to fulfil such needs. It is mainly used in constructing,
IT and software industries (Stoics and et.al, 2016).
 Advantages: In comparison to other projects it takes less effort in term of money and time.
It is also easy to operate. It provide good supporting hand to understand project in better
way and prove crucial in proper management.
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 Disadvantages: this firm is not used by many firms as it is rigid process i.e. it does not
permit to changes any thing which has been already done in the project ( Brewer and
Dittman; 2018 ). End use and client requirements are also excluded from this method.
TASK 2
Developing network diagram, gantt chart and critical analysis points
Gantt chart
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