Project Management Methodologies (PDF)

Running head: PROJECT MANAGEMENT METHODOLOGIES
Project Management Methodologies
Name of the Student
Name of the University
Author Note

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Introduction
In the area of project management, there are various types of projects. Based on the
projects, there are different business industries. Whatever the project types and the industries are,
the selection of a proper project management methodology is very important. Project
management methodology refers to the handling of the different types of activities required for
completing the projects. In each and every type of projects, the success rate is highly dependent
on the selection of the project management methodology. If the chosen method is not proper,
then the organization may not have the desired level of success in their goal (Kerzner and
Kerzner 2017). The project management methodologies are associated with management of the
scope of the projects, total execution plan, budget plan, time schedule, management of the risks
and the delivery of the end product. There are several project management methodologies
available in the concerned field differentiated by the process execution (Marcelino-Sádaba et al.
2014). The selection of the project management methodologies are dependent on the types of the
projects or the area of the project work. In order to select a proper methodology, it is very
important to understand the impacts, advantages and challenges associated with the different
types of available methodologies.
In this paper, three project management organizations have been chosen for analyzing the
impact of three different project management methodologies on the business objectives of the
organizations. The organization chosen for the analysis are organization A, B, C. All the three
organizations are conducting their business in the area of the management of the different types
of projects. The sizes and organizational structures and operating environment are different for
the three selected organizations. Three different project management methodologies have been
selected for the three organizations and the impacts have been analyzed in this paper.

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Project Management Methodology for organization A
The organization A is dealing with the different types of technology related project
works. The company is working on the manufacturing of the high technology products. The main
objectives of the business of this organization is to grow the market over the northern and
southern region of America and Brazil. The association is wanting to set up deals and promoting
division for setting up an ease and cutting edge producing plan. For doing as such, the
association needs a quick execution of task administration approach and foundation of a
neighbourhood venture group. The association right now has 2100 representatives and has home
office in USA. The organization produces abnormal state tech and high volume memory chips.
The association is presently utilizing the ability Maturity demonstrate reconciliation system. An
appropriate undertaking administration strategy is to be recommended for the association so it
can without much of a stretch set up a minimal effort and the cutting edge fabricating plant
alongside a neighbourhood venture group.
The execution of venture administration procedure is thought to be an administration
level movement as the decision of undertaking administration philosophy decides the effective
usage of a task. The decision of undertaking administration procedure for the most part relies
upon the venture trough or the program supervisor of the association as they have a nitty-gritty
information about the diverse task needs (Špundak 2014).
The point of this association is to set up a cutting edge and an ease plant. Keeping in
mind the end goal to set up a minimal effort plant, it is exceptionally basic to actualize the task
with appropriate observing, which is a normal for both PRINCE2 and PMBOK venture
administration system (Terlizzi et al. 2016). PRINCE2 is a procedure based strategy that was

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produced by the Office of government Commerce in UK and is received universally, while
PMNBOK is created by the undertaking administration establishment and is a manual for
venture administration Since this task administration system is broadly utilized over the world, it
would be less demanding for the neighbourhood group of Brazil to embrace this approach
(Schwalbe 2015). This will helps in simpler venture execution. This task administration strategy
starting at now can be actualized just for the Brazil venture as it needs to build up a
neighbourhood venture group and an ease venture plant.
The usage get ready for this venture and the picked procedure is to isolate the whole task
in certain reasonable units. The PMBOK approach depends on five standards, subjects and
procedures that can be custom fitted as indicated by the requirements of the undertaking.
Consequently, this undertaking technique is proposed for association as it has various custom
fitted goals, which incorporates improvement of a cutting edge plant in a minimal effort
(Hornstein 2015). The PMBOK venture approach guarantees that the undertaking is actualized in
a controlled domain as per the task design and in this manner it would not be an issue to build up
a cutting edge and minimal effort fabricating plant in Brazil. The PMBOK is decided for this
undertaking since one of the limitations of the venture is to build up a minimal effort venture. In
any case, in PRINCE2, since every period of the task is actualized in a controlled domain, the
stages wind up extensive and exorbitant. Time taken to execute the venture is expanded also.
In any case, there are sure issues that the association may experience while actualizing
the venture utilizing the specific undertaking approach. There are sure hidden issues related with
the utilization of PMBOK. It just fills in as a guide or control for venture administration and may
not make a difference to a wide range of undertaking. Along these lines, this procedure is
recommended just for this specific task. Another issue that is confronted while executing a task