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Project Management Methodologies Assignment

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Added on  2020-05-28

Project Management Methodologies Assignment

   Added on 2020-05-28

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PROJECT MANAGEMNET METHODOLOGIESPPMP20009Consolidated PortfolioSTUDENT NAME: <insert> STUDENT ID: <insert>LECTURER: <insert> CAMPUS: <insert>TERM: 3, 2017
Project Management Methodologies Assignment_1
Table of contents1Introduction...................................................................................................................................22Course Learning Outcomes...........................................................................................................32.1Learning Outcome 1: Explain reasons why organisations adopt Project Management Methodologies...................................................................................................................................32.2Learning Outcome 2: Critically analyse the impact of Project Management Methodologies upon stakeholders..............................................................................................................................42.3Learning outcome 3: Explain and justify the major elements of a Project Management Methodology that might meet the needs of an organisation...............................................................43Discussion and Conclusion............................................................................................................54References.....................................................................................................................................65Appendix.......................................................................................................................................65.1Portfolio 1..............................................................................................................................75.2Portfolio 2..............................................................................................................................75.3Portfolio 3..............................................................................................................................75.4Portfolio 4..............................................................................................................................75.5Portfolio 5..............................................................................................................................75.6Portfolio 6..............................................................................................................................75.7Portfolio 7..............................................................................................................................75.8Portfolio 8..............................................................................................................................75.9Portfolio 9..............................................................................................................................75.10Portfolio 10............................................................................................................................75.11Supporting documents...........................................................................................................7
Project Management Methodologies Assignment_2
1INTRODUCTIONProject Management methodology is a set of guidelines for people who are performing project management. There are five phases of project management. The project scope is defined and then the individual steps are planned. The project is then executed by managing every planned step of the project. Finally, the project is closed upon completing the desired goals and objectives. The information gathered from different literature demonstrates that project management is in fact vital for the successful completion of a project. 2COURSE LEARNING OUTCOMES2.1Learning Outcome 1:Explain reasons why organisations adopt Project Management MethodologiesSummaryProject Management methodology has evolved since the last couple of years (Kerzner & Kerzner, 2017). In the past years, the methods used for project management were rigid and inflexible in their approach towards the projects. This kind of approach was simple and followed certain rules to the very core. The needs and the requirements of the clients did not have much complexity and thus following such management methods was the most suitable approach (Haug, 2015). However, as timeprogressed, the requirements of the client became more complex and the nature of the projects evolved from simple construction to high-rising skyscrapers. Thus, to handle and manage projects of such complex nature, the approach project management had to modified to accommodate the changing nature of projects. New approaches like the agile and the adaptive approaches to project management came to be used more often. These approaches are necessary for the successful completion of projects these days. However, these methodologies posed a serious threat to the different project managers who have been managing projects for the last 40 years and even more. They are facing the challenge of updating their approach towards projects (Špundak, 2014). They need to make themselves flexible to complete the projects within the predetermined scope, time and cost. Maximising the profit without degrading the quality is also another target that the project management needs to fulfil (Grant, 2016). These days the business has shifted from a solely profit-making approach to a customer centric approach. Thus, to ensure that all the requirements of the client are met, it is of vital that the project management is as flexible as possible. Therefore, organizations adopt the use of structured methodologies for project management to ensure that the undertaken project is a success. EvidenceThe portfolios as attached in the appendix provides evidence that following specific project management methods is beneficial for successfully closing a project by meeting the requirements of the client and achieving the goals and objective of the project. The literature on project management by Harold Kerzner provides us with the knowledge of achieving success in projects by creating and executing predetermined steps (Kerzner & Kerzner, 2017). The different methodologies that are generally followed often contribute to the successful completion of various projects. I have also analysed from my past experiences that every project is unique and the project managers must identifyand analyse each project before determining the type of approach they should take. Such conceptual prowess comes only after gaining sufficient experience in project management (Project Management
Project Management Methodologies Assignment_3

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