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(Solved) Project Management Methodologies- Assignment

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Added on  2021-04-17

(Solved) Project Management Methodologies- Assignment

   Added on 2021-04-17

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Running head: PROJECT MANAGEMENT METHODOLOGIESProject Management MethodologiesName of the student:Name of the university:
(Solved) Project Management Methodologies- Assignment_1
1PROJECT MANAGEMENT METHODOLOGIES1. Defining project management methodologies Project management methodology is referred to as a process or guideline for those whoare involved to the development of any project. Based upon the scope and requirement of theproject it is necessary for the project managers to choose the most suitable project managementmethodology to accomplish the project. According to Kerzner and Kerzner (2017), projectmanagement methodology is practice, technique rather procedure that helps any organization orbusiness during the development of any product or service in terms of project. There are somemethodologies that define principle such as agile but some methodologies are there whichdefines full stack framework methodologies of different themes, principles and processes likeprince2. Again there are some standard extensive list that defines all standard processes likePMI’s PMBOK or XP and certain very simple process such as Scrum. For achieving the businessgoal and preliminarily planned results within the estimated schedule, budget and time the projectshould necessarily adopt the most suitable project management methodology (Joslin & Müller,2015). From the project initiation up to the project closure phase regardless of the trade field theproject manager is required to assort methodologies to accomplish the project. Again Spundak(2014) stated that, project management methodology is a model or framework that projectmanagers use for project planning, designing and integrating, implementing and closure to reachproject objectives. It can be said that the overall performance level and capacity of the employeesimproves after the adoption of proper project management methodology. Chofreh et al. (2014), opined that project management methodology framework helps theproject managers to make proper decisions. Serrador and Pinto (2015), stated that, methodology
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2PROJECT MANAGEMENT METHODOLOGIESalso helps to estimate the duration of the tasks and to break down a huge project in smallsegments. It helps to reduce the work load from the project team members and complete the taskwithin lesser time and budget. With the implication f project management methodology thefunctions and operation of the project can be improved. In order to form improved functionalityand project operations, methodology provides a systematic approach to the project managers andproject management team members (Sohi et al., 2016). If the systematic phases are followedaccordingly by the project team members then it can be said that the project will be completedsuccessfully. In the project management practices different types of project managementmethodologies such as adaptive project framework, agile software development, and crystalmethods, extreme programming, feature driven development etc and are frequently applied bydifferent business organizations. According to Spundak (2014), methodology offers supportiveand iterative approach to the project manager and project team members to meet therequirements and objective of the project. It is much focused on developing faster and higherlevel quality product. In order to develop the timeliness of any project, prototyping is the processwhich is widely used for re-using the components. 2. Compare and contrast agile and project management body of knowledge Based on the project activity and requirements different project managers use differentmethodologies. In this section agile project methodology is nominated to make compare andcontrast. PMBOK is a traditional project management methodology whereas; agile is one of themodern, iterative and modern project management methodologies.
(Solved) Project Management Methodologies- Assignment_3

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