Project Management Methodology

Project management methodolgy

PROJECT MANAGEMENT METHODOLOGY
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Table of Contents
Task 1.....................................................................................................................................................2
Project methodology.........................................................................................................................2
Role of methodology in project management...................................................................................2
Task 2.....................................................................................................................................................2
Comparison between Agile Scrum and Waterfall methodology........................................................2
Task 3.....................................................................................................................................................3
Agile scrum in relation with the project life cycle..............................................................................3
Waterfall in relation to the Project life cycle and SDLC.....................................................................4
References.............................................................................................................................................6

PROJECT MANAGEMENT METHODOLOGY
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Task 1
Project methodology
The project methodology is defined as the approach that is utilized by the
manager for the intention, planning and implementation of their plan goals and aims. In
order to complete the goals and objectives of the mission, the management team adopt a
technique or methodology which is called as the project methodology (Špundak, 2014).
Mainly, the term project methodology is a combination of the methods, logical practices,
processes which evaluate how best to design, plan, and control and produce a project
with better results.
Role of methodology in project management
The term project methodology shows a major character in the field of scheme
management because it has the potential to enhance the performance of the projects.
The project methodology provides a platform to the companies for achieving the
objectives and aims of their projects with better outcomes. Moreover, project
methodology can be used for the development of better projects in less time and cost
because it identifies the best process to deliver the better solution for implementing the
projects in the organisation and industries (Hornstein, 2015). With the help of project
methodology companies and management team can processed numbers of tasks at a
time that help them to complete the project within a specified time period.
Task 2
Comparison between Agile Scrum and Waterfall methodology
The main variance between the agile scrum and waterfall is that agile
methodology is used for the short time project but the waterfall process can be used for
the long term projects. However, the distance between the developer and consumer is
very long in the waterfall but in the case of agile scrum it is very short (Mahalakshmi, &
Sundararajan, 2013). In the agile scrum, the rate of risk is very low but in the waterfall
process the project scheduling risk is very high. The main similarity between both these
methodologies is that they can be used in the development of projects with efficient
outcomes. It is observed that the agile scrum process divides the progress of project