Project Management Methodologies (PDF)
Added on 2021-06-17
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Business DevelopmentLeadership ManagementPolitical Science
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Running head: PROJECT MANAGEMENT METHDOLOGIESProject Management Methodologies[Name of the Student][Name of the University][Author note]
PROJECT MANAGEMENT METHODOLOGIES2Table of ContentsIntroduction:....................................................................................................................................3Organization A:...............................................................................................................................4Organization B:................................................................................................................................6Organization C:................................................................................................................................9Conclusion:....................................................................................................................................11References:....................................................................................................................................12
PROJECT MANAGEMENT METHODOLOGIES3Introduction:Project Management can be considered as the application of the knowledge, skills, toolsand techniques for the purpose of conducting various project activities in order to meet therequirements of the project. The project management process can be classified into fourcategories and this mainly includes the “Initiation of the project”, “Planning of the project”,“execution of the project”, “Monitoring and control of the project” and lastly the “projectclosure” (Kerzner and Kerzner 2017). The project management knowledge is associated withdrawing ten major areas and this mainly includes the “Integration”, “Scope”, “Time”, “Cost”,“Quality”, “Procurement”, “Human resources”, “Communications”, “Risk management”,”Stakeholder management”. The projects are mainly considered as an endeavor that is temporaryin nature and is designed for the purpose of producing a unique product, service or result.Besides certain advantages there also exists certain challenges and the primary challenge that isfaced by the project management is to achieve all the goals within the constraints that areprovided. The primary constraints mainly includes the scope, time, quality and lastly the budget.By having a well-planned and executed project management methodology it is possible toachieve a good and successful project. Project management methodology can be defined as asystem consisting of inter-related phases, procedures, activities and tasks that are associated withdefining the project from the initiation stage to the completion stage (Rose 2013). Each phase ofthe methodology is associated with making contributions which are very much helpful forcompleting a project. Project management methodologies can be classified into variouscategories. This report is mainly associated with discussing about the right project managementmethodology that would be appropriate for three different kind of companies.
PROJECT MANAGEMENT METHODOLOGIES4Fig 1: Definition of Project ManagementOrganization A:This is an organization which is associated with the manufacturing of high technologyand high volume memory chips. The organization is thinking of expanding its business in Northand South America. Due to this reason, there has aroused a need for establishing a manufacturingunit in Brazil. There are almost 2100 staffs in this project and along with this the staffs are on thesecondment for 6 to 12 months and they would be associated with providing help while the newoperations are being set up. They want a speedy implementation of the project along with acriterion which is the implementation at low cost. Management level activities are required for the purpose of implementing projectmanagement methodology in organization A. this is mainly due to the fact that it is totally thedecision of the management to expand the business (Ghosh et al. 2012). The choice of the projectmanagement methodology is dependent on the type of project. So the major responsibility of the
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