ITC505 Assignment 1 - Project Management Methodologies

ITC505 – Assignment 1 – Project Management Methodologies <<STUDENT ID>>
Assignment 1 – project management methdologies
STUDENT ID: <<STUDENT ID>>
STUDENT NAME: <<STUDENT NAME>>
SUBMITTED TO LECTURER: ANDREA MUTHU LAKSHMI

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1 Table of Contents
ITC505 Assignment 1 - Project Management Methodologies............................................1
1. Project Management Methodology Definitions.........................................................2
2. Role of Project Management Methodology in Project Management.........................2
3. Comparing and Contrasting chosen two methodologies...........................................3
4. How chosen methodologies related to PLC................................................................4
4.1 <<Waterfall methodology>> aligned to PLC.......................................................4
4.2 <<Agile Methodology>> aligned to PLC..............................................................5
5. References..................................................................................................................5
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1. Project Management Methodology Definitions
1 Methodology is a process of controlling and managing the different project processes.
With the use of a methodology, a given task can be performed in an effective and
structured manner.
2 Methodology can be described as a model employed by the project managers in
planning, implementation and fulfilment of the set objectives of the project. It is a
system of methods used for handling complex project and is used in project
management (Kerzner & Kerzner, 2017).
3 It is essential to choose a right methodology before initiation of a project as right
project management tools will be necessary for managing and controlling a project.
2. Role of Project Management Methodology in Project Management
1 o Methodologies are important in project management because it enables any
organization or project team to tackle the complexities of the projects quite
comprehensively (Larson et al., 2014).
2 o Methodology therefore provides the project management team with the
confidence that the project will be appropriately delivered within the scheduled
time.
3 o The choice of a project methodology varies according to the complexity or
type of the project.
4 o Since project methodology is a system of methods and principles, the selection
of a correct project methodology is important for successful implementation of
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