Project Management Methodologies Name of the University Author Note Introduction
Added on 2021-06-15
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Business DevelopmentLeadership ManagementPolitical Science
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Running Head: PROJECT MANAGEMENT METHODOLOGIESProject ManagementMethodologiesName of the StudentName of the UniversityAuthor Note
2PROJECT MANAGEMENT METHODOLOGIESIntroductionCreativity and Innovation is the vital success factor for any business as it assists anyparticular business to gain more competitive advantages. All types of organizations are bound toface all types of challenges and issues like HR related issues, Finance related issues, andOperation related issues in the business along with this the business success mainly depends onall implemented methodologies and techniques for any particular organization to tackle all thefaced challenges. Apart from that, it also discusses about different proper project managementtechniques to address the faced challenges of the project. Kerzner and Kerzner (2017) definedthat the project management methodologies is mainly defined the ways to implement a processof methods which is used to manage any particular domain or study. On the other hand, in thisreport the concept of methodology is also discussed. Saltz and Crowston (2017) opined thatmethodology is the type of theoretical analysis of various methods which are applied in anyparticular study or field, particularly in project management. However, the utilization of anappropriate project management methodology assists to implement a project in a very strategicand planned manner. As any project success mainly depends on the risk management techniquesof the particular project with the help of selection of an appropriate project methodology to helpin doing suitable project risk management. The selection of any appropriate project managementmethodology depends on faced problems of the projects varying from project to project. Themain objective of this particular study is to elaborate the proper project managementmethodology need to be undertaken in all three organizations, based on the characterization offaced problems (Kerzner 2018). As the problems types, sizes and characteristics of anyorganizations are different then simultaneously the undertaken project management
3PROJECT MANAGEMENT METHODOLOGIESmethodologies will also vary. Therefore, the whole essay discusses about the suitable projectmanagement methodology selected used in all the three mentioned organizations. The Chosen Methodology for Organisation A Here the organization A is one of the manufacturing organizations which mainly producehigh volume and high end memory chips. It is one of the multi-national organizations with morethan 2000 employees. The main aim of this particular organization is to create a better market inboth South and North America and it also extend its all types of related manufacturing operationsto Brazil. However, this particular organization mainly sets up both its marketing and salesoperational modules then it also get followed with the better establishment of more high-tech andlow cost manufacturing organization. All organizational staffs will be transferred to do the set-upof new operational hub (Schwalbe 2015). Hence, it becomes important for Organization A tobecome one the fastest growing implementation of project. This particular organization alsoestablishes the local operation team that helps to setup the manufacturing organization. Based on the proper evaluation of recent status of this particular organization, it isidentified that one of the important constraint attached in this project is its both exact planning ofbudget and time to get the rapid growing of the low cost manufacturing unit. Some of the existing project methodology techniques mentioned in this project areProject In a Controlled Environment (PRINCE2) and Project Management Body of Knowledge(PMBOK). Kerzner (2017) discussed that the PRINCE2 methodology is mainly implemented indifferent construction projects and also developed by Office of Government Commerce in UK,on other side, PMBOK is also one of the available methodologies technique used in Globe. Theimplementation of PRINCE 2 methodology implemented in a controlled environment of a
4PROJECT MANAGEMENT METHODOLOGIESproject due to which the phases become login resultant to overcome project delays. However,this particular project aims to develop a low cost estimated project based on pre-determinedparameters and schedules (Hornstein 2015). This becomes one of the vital reason due to whichPRNICE2 method will not be used. The option of PMBOK project methodology is considered as proper to implement in thisproject and also predicted that any local project team need to have better knowledge regardingthe implemented methodology. However, the PMBOK is one of the project guide which helps todo the productive implementation of any particular project based on the pre-determined plan.The selection of any project management methodology is surely one of the vital managementlevel activity due to which the organizational goals is expanded in both South and NorthAmerica which leads the fruitful beginning of the project in this competitive business world. Theassigned project manager acts vital role to do the better selection of implemented projectmanagement methodology as per the project’s requirement (Joslin and Muller 2015). As theproject manager have more knowledge about all undergoing project processes and project relatedworks which will needed to be completed properly to get the better outcomes. However, aprogram manager can also be assigned along with project manager based on large or smallproject size. A project management knowledge body will be selected as an appropriate projectmethodology depending on the project situation evaluation of any particular organization whichhelps to fulfill the necessities of the undergone project. Hence, it also proposed that the PMBOKmethodology will be proper implemented in the whole project based on the identified differentproject stages which are identified and divided among all stakeholders by the project manager.Muller (2017) discussed that, the PMBOK project methodology segregates the project in five
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