Project Management Methodologies and Project Life Cycle

Assignment1 project management
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Logo: (csu)
Csu student centre Brisbane
ITC 505
Assignment 1
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Task 1:
Part1
The methodology is a particular and strict sequence of activities that have been developed as a
practice by incorporating the lessons learned by the experts in the field of project management from
various past projects (Aston, 2017). The success factors and the failure reasons are incorporated as a
part of the methodology so that the project can be delivered properly.
Part2:
The role of methodologies for project management are as follows:
i. It can standardize the management standards for conceptualizing projects
ii. It can customise the organisation for developing the roles and responsibilities clearly
iii. It can provide alignment between various business strategies for standardizing the concept
of managing project (Joslin & Müller, 2014)
iv. It can customise the type of project properly in such a way that the rate of success gets
increases
v. It can customise and stabilize the level of skill requirement the human resources so that the
project success rate can be improved
vi. It can help in developing various project management standards in the customised way for
the usefulness of particular organisation according to their business activities
vii. It can provide strategic benefits to the customer by improving the quality of work and of
course the profitability (Borysowich, 2011)
viii. It has the capability to deliver the project in a lean concept so that it can provide operational
benefit by improving the quality of the project and at the same time being very much cost-
effective
Task2:
Differences between Agile Scrum and Waterfall methodology
Agile Scrum Waterfall
1. It is not a sequential list of activities
(Smartsheet, 2019)
1. It is highly sequential activities (Lucidchart,
2017)
2. It is flexible and adjustable for incorporating
customer's comments in between the project
phases
2. The methodology is not at all flexible
3. It can accommodate changes in between the
project phases
3. The changes in between project phases
cannot be accommodated
4. The exact requirement cannot be defined at
the beginning of the project
4. The project requirements are always
mandatory to be defined very clearly write at
the beginning of the project itself
5. The continuous evolution of ideas and
betterment of quality will take place after every
5. The ideas of developing the project and its
method are fixed at the beginning and no new