Project Management Methodologies: A Comparative Analysis of Waterfall and Agile

Assignment 1
Project Management Methodologies
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Table of Contents
Introduction...................................................................................................................................3
Methodology................................................................................................................................. 3
Methodology 1: Waterfall..........................................................................................................4
Methodology 2: Agile.................................................................................................................4
Comparison between Waterfall and Agile methodologies............................................................6
Relation of both methodologies with the PLC...............................................................................7
1. Waterfall model relationship to PLC:..................................................................................7
2. Agile methodology relationship to PLC:..............................................................................8
Conclusion..................................................................................................................................... 9
References:.................................................................................................................................. 10
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List of figures
Figure 1: Project Life Cycle............................................................................................................4
Figure 2: Waterfall Model...............................................................................................................5
Figure 3: Agile Methodology..........................................................................................................6
Figure 4: Relating Waterfall model with PLC.................................................................................8
Figure 5: Relating Agile methodology with PLC............................................................................9
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Introduction
Project Management Methodologies are a group of different procedures that are designed to
support the project managers and those who are involved in the project. There are various
methodologies used in the project management such as PMBOK (Project Management Body of
Knowledge), SDLC, Agile, PRINCE2, and Waterfall. Among them, this project has explained the
similarities and dissimilarities between two methodologies which are Agile and Waterfall and
how they are related to the PLC (Project Life Cycle).
Methodology
The term methodology in project life cycle (PLC) or project management means defining the
plans, development, and control process to deliver the project using the combination of
logically related methods, practices, and processes. For instance, Westland (2017) states that
project management methodology is just a way to describe the system and tools required to
build a project. While Cohen (2017), stated that methodologies are the essential method before
starting any project as it defines a set of processes and principles to manage the project. This
suggests that before building the project, the methodology should be considered as it defines
what tasks are required to be taken and when to perform them in order to reduce the time and
use the correct resources. There are various methodologies for project management and
choose the best one according to the requirements and project scope.
Figure 1: Project Life Cycle
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Define Plan Execute Manage Close