Project Management Methodologies: A Comprehensive Guide

This portfolio provides a comprehensive guide to project management methodologies, including their impact on stakeholders. It covers the key components of successful project management methodologies and offers evidence-based insights. The portfolio is based on the PPMP20009 Consolidated Portfolio.

Running head: PROJECT MANAGEMENT METHODOLOGIES
PROJECT MANAGEMNET METHODOLOGIES
PPMP20009
Consolidated Portfolio
STUDENT NAME: <insert>
STUDENT ID: <insert>
LECTURER: <insert>
CAMPUS: <insert>
TERM: 1, 2018

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Table of contents
1 Introduction...................................................................................................................................2
2 Course Learning Outcomes...........................................................................................................2
2.1 Learning Outcome 1: Explain reasons why organisations adopt Project Management
Methodologies...................................................................................................................................2
2.2 Learning Outcome 2: Critically analyse the impact of Project Management Methodologies
upon stakeholders..............................................................................................................................3
2.3 Learning outcome 3: Explain and justify the major elements of a Project Management
Methodology that might meet the needs of an organisation...............................................................3
3 Discussion and Conclusion............................................................................................................4
4 References.....................................................................................................................................5

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1 Introduction
Projects are one of the most prominent assignments of an organisation and hence it demands
adequate attention. Different researches and assessments have been done to identify the most suitable
ways of completing a project within time and budget. The different methodologies were proposed by
the scholarly work for managing projects and they were the set of all the methodologies were known
as project management methodologies. The discussed methodologies offered a step by step guidance
for the successful completion of undergoing projects. The discussed portfolio has offered an insight
into the project management methodologies. The portfolio has followed a library structure to discuss
the matter of consideration and the learning outcomes has been discussed summarised and cited with
evidence. The portfolio has been summarised in the discussion and conclusion to conclude the
portfolio.
2 Course Learning Outcomes
2.1 Learning Outcome 1: Explain reasons why organisations adopt Project Management
Methodologies
Project management methodology in a project is included to guide the project development
team to attain successful completion of the project while tackling all the hurdles (problems, risks and
other) in the way. Successful completion of the projects is of great vitality as it transitions the
organisational change to have a positive impact on the organisation. In the adverse scenario, if the
organisational projects fail then it will cite negative impact on the organisation’s sustainability. The
negative impact will be because of the loss of the organisational resource, time and effort on the
project. Hence, it becomes great necessity that the projects are planned at the initial stage and guided
until completion and project management methodologies can assist an organisation in mitigating the
discussed challenge that are associated with the successful completion of the project. The above
discussed fact is the most prominent reason why organisations adopt project management
methodologies. The reason for adoption of the project management methodologies in a project is not
just limited to successful completion of the project but other benefits are also offered by the discussed
measure. The discussed adoption assists in effective planning & control of the project. Adoption of
the Project management methodology offers a commonly working ideology of work among the all the
stakeholders of the project that includes (customers, suppliers project team and others). It also ensures
that the roles of the of all the stakeholders are well-defined. It assists in mitigating the challenges that
are associated with the project. The following section has offered an overall summary of the discussed
learning outcome.
Summary
The discussed learning outcome can be summarised to state that the deemed learning
outcome assisted us in understanding the viability of the project management methodology in
successful delivery of a project. It also assisted in understanding the perception of the project team
that motivates them to adopt the methodology. The reasons that have association are the planning &
structuring of the project that ensures that the chance of any issue development is mitigated and the
roles of the stakeholders are well-defined. It assists in managing a chaos and conflict free project
completion because the structure enables the stakeholders to associate in a common perception of
mind.
Evidence
In the past, I have had the opportunity to gain some experience in a project development
scenario. It was carried on by a local neighbour and assisted me to get the job. Just after 2 days of my
joining, the project scenario changed with a change of project head. The new project manager had no
idea of what need to be done. Additionally, the project was not following any methodology and hence,

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no draft was present that could have assisted the new manager in understanding the role of different
stakeholders. The workload on the employees including me was increased to complete the task in
budget in time but it proved to be ineffective because no one was satisfied with the management of
the manager. The employee believed that the manager was incapable and so did I. However, after
enrolling in the course that I am currently pursuing I understood that the project manager was partially
at fault because the earlier manager has taken appropriate consideration of any project methodology
and hence, the conflicting situation developed.
2.2 Learning Outcome 2: Critically analyse the impact of Project Management Methodologies
upon stakeholders
For the management of the medium sized companies and the large complex companies the
project management techniques become very difficult to handle and hence the project face difficulties
in handling complex procedures. Hence there arises a requirement of maintaining a clear focus on the
goals and the milestones for the development of the project. In addition to his it is also important that
the management of the stakeholders are done efficiently. The ability to carry out efficient analysis on
the stakeholders associated with the projects are very important for the project managers. It is
important that they identify the stakeholders of the system and identify their association with the
system. This helps the project to get executed efficiently and also the functional requirements of the
system can be identified easily with the identification of the needs of the stakeholders. The ability to
seek an agreement on the goals for the project to be implemented provides a huge boost for the
success of the project. The failure in this process might lead to disruptions in the project and have
negative financial impacts, and potential damage to the organization's reputation. The methods by
which the project manager generally addresses the stakeholder management for the project are project
risk management and project management leadership. When these methods are integrated properly the
stakeholder management becomes efficient and work for the overall benefit of the project This effects
on the overall moral of the stakeholders that are associated with the system and increase the overall
satisfaction level of the stakeholders towards the project.
Summary
Summarizing the above section, it can be said that project management techniques involves
the inclusion of the stakeholder management within the scope. The project manager has to have a
clear idea about the stakeholders involved with the project and perform an efficient stakeholder
analysis on for the benefit of the project. Hence it has been described that the stakeholder
management process involves two major approach which are the stakeholder management and the risk
management principles and project management leadership. On the integration of these procedures the
management can be handled properly.
Evidence
The above discussed case scenario can be taken in consideration to act as evidence for the
impact of methodology on the stakeholder. As discussed it was witnessed that absence of
methodology can develop chaotic scenario in the project. This is due to lack of structure to pursue
with the project. The stakeholders are unaware of the designated role Additionally, due to lack of
proper communication, it can be seen that the stakeholders lacked confident in the project manager
and it had negative impact on the projects offering. Hence, the above discussed scenario can be taken
into witness that lack of project management methodology can create huge chaos and conflict the
project development.

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2.3 Learning outcome 3: Explain and justify the major elements of a Project Management
Methodology that might meet the needs of an organisation
The components of a project management methodology are the factors that defines the
methodology. The core components of different project management methodologies differ according
to the methodology. However, some of the components are common for all the methodologies and
they are also the basic components. The discussed generalised key components of project
management methodology are the project draft, policies & procedures, schedules, resource plans and
the budget. The draft of the methodology defines the objectives, goals, success criterion and other
prominent factors that demands discussion before initiation of the project. The policies & procedures
also holds a special place in project management methodologies because it defines the approach that
would be best suited for the successful delivery of the project. the third component that is primary in
the project management methodologies id the schedules which sets a specific lifecycle for different
phases of the project. The resource plans as part of the project management methodology has its own
significance because it strategizes for the resource allocation and defines how the resources should be
used. Finally, one of the most prominent component that is associated with the project management
methodologies is the budget planning. The budget includes the cost, time, human and other
organisational resources that can be vitalised to determine the success criterion of the project.
Summary
The discussion above can be summarised to state that the project management methodologies
takes account of some components that are associated with successful delivery of the project. The key
factors of the project management methodology enable the understanding of the project and if cited
adequately can provide decisive factors that will ensure that the delivery of the subject is adequate and
successful.
Evidence
The resource materials provided by our mentors over the subject can be taken in account to
act as witness to the above discussed facts. Additionally, the scholarly articles that has assisted us in
completing the paper can also act witness to the above discussed facts. The list of citation for the
literary work that inspired us has been attached post conclusion section.
3 Discussion and Conclusion
The discussed portfolio can be summarised to state that project management methodologies
are one of the most prominent factors that defines the success ratio of a project. It was also discussed
that how project management methodologies cite impact on the project and the stakeholders that are
associated with it. The core components of the project management methodologies have also been
taken into consideration and was identified that these factors can have prominent impact on the
project and hence should be cited adequate attention. The portfolio discussed the learning outcomes of
the lectures that was provided to us by our professors and mentors. Finally, the discussed portfolio can
be emphasised to conclude that project management methodologies are a crucial factor that holds
capability of defining the success level of a project and hence should be adopted adequately and the
implementation should be more precise.

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4 References
Burke, R., 2013. Project management: planning and control techniques. New Jersey, USA.
Joslin, R. and Müller, R., 2015. Relationships between a project management methodology and
project success in different project governance contexts. International Journal of Project
Management, 33(6), pp.1377-1392.
Kerzner, H., 2017. Project management metrics, KPIs, and dashboards: a guide to measuring and
monitoring project performance. John Wiley & Sons.
Marcelino-Sádaba, S., Pérez-Ezcurdia, A., Lazcano, A.M.E. and Villanueva, P., 2014. Project risk
management methodology for small firms. International journal of project management, 32(2),
pp.327-340.
Muller, R. (2017). Project governance. Routledge.