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Project Management Methodologies - PROJMGNT 2001 - Report

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The University of Adelaide

   

Project Management Methodologies (PROJMGNT 2001)

   

Added on  2020-03-04

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In the PROJMGNT 2001 Case Study, Project Management Methodology helps in improving the consistency of the projects, providing flexibility to its processes, producing better results, and predicting the risks well in advance. The methodology is a set of principles and processes that make a Project's Execution easier with less risk of schedule and cost overrun.

Project Management Methodologies - PROJMGNT 2001 - Report

   

The University of Adelaide

   

Project Management Methodologies (PROJMGNT 2001)

   Added on 2020-03-04

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Project Management MethodologiesName of UniversityStudent’s NameDated
Project Management Methodologies - PROJMGNT 2001 - Report_1
Project Management Methodologies2Table of ContentMethodology & its role in Project Management3Methodologies3Methodologies related to project life cycle5References6
Project Management Methodologies - PROJMGNT 2001 - Report_2
Project Management Methodologies3Methodology & its role in Project ManagementMethodology is a set of principles and processes which makes the execution of project easierwith less risk of schedule and cost overrun. Project management methodology helps inimproving the consistency of project, provide flexibility to its processes, producing better resultsand predict the risks well in advance. The pre-set methodologies help in providing clear andwell-set information regarding roles and responsibilities to the team members and in turn itprovides satisfaction to stakeholders for all the projects[ CITATION Gof13 \l 1033 ].It is an approach of repeated use of various proven processes in project management (PM).Project management can get better results by having the flexibility of taking decisions among thefew proven methods, improving the governance of the project, increasing the success chances,eliminating the chances of getting failure, reducing the rework and increasing the productivityand all these requirements could be made available by the use of PM Mythologies[ CITATIONVic13 \l 1033 ].MethodologiesThere are various kinds of approaches or techniques or methodologies of conducting the projectmanagement activities by its team members which can make the project processes moreconvenient, economical and beneficial. Various methodologies are ‘Waterfall’, it is thetraditional form of project management where the stages or the activities involved are tightlyinterlinked that any successor cannot start until the finish of the predecessor stages of activity,the ‘Agile’ is the approach where continuous teamwork and its inputs are required for the projectexecution[ CITATION Wri17 \l 1033 ]. Other methodologies are ‘SDLC’ are the traditionalapproaches which were being adopted for execution of the project [ CITATION Tho07 \l 1033 ],‘PRINCE2’, where the assessment is done at every stages and the project board members takesthe driver seat and manager acts for the daily coordination, ‘Six Sigma’, where all thedeliverables are produced with a target of 99.99966% defect free, ‘Scrum’, where the removingthe barriers of the project remains the main target of members, ‘PRiSM’, is the approach of
Project Management Methodologies - PROJMGNT 2001 - Report_3

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