What is a Project Methodology? How does it Serve in Project Management?

   

Added on  2020-03-04

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What is a Project Methodology? How does it Serve in Project Management?_1
Contents1.Define what a methodology is and the role it serves in project management..........................1Project Methodology...................................................................................................................1Role in Project Management.......................................................................................................12.Question 2:...............................................................................................................................2Choose two methodologies from this list to compare and contrast.............................................2Similarities and differences between them both..........................................................................43. Finally, identify how your chosen methodologies and processes relate to the project life cycle (PLC):..............................................................................................................................................5References........................................................................................................................................7
What is a Project Methodology? How does it Serve in Project Management?_2
1.Define what a methodology is and the role it serves in project management.Project MethodologyThis is related to the system of practices, techniques and the procedures that contain all the guiding processes for those who are working on the project management. They are not tool specific rather they are the software reliant world with the methodology of the organisation project and management software tool that are intertwined. With the change in the engineering and the construction, there are different management processes where the system can work with better management. (Cooper, 2016). For this, there is a need to focus on the software development and IT operations so that it is easy to compare in between the methods of agile, waterfall etc.Role in Project ManagementWith the changed methodologies, there are steps which includes the initiation, planning, executing, controlling and then closing the work. It is mainly focusing on the working of the team to achieve the specific goals and then meet the requirements with specific success. The project includes the designing with the unique products, services and the results that would define the approach with the end of the time-constraints and the deliverables. The business workson the repetitive and the other functional activities to produce the products with easy approach tothe technical and project management strategies. The primary constraint for this is the scope, time, quality and budget that needs to be set with the optimisation of allocation for all the necessary inputs and then applying them to meet the needs and the objectives. The complexity ofthe present project is based on how mature and streamline practice is to manage the projects to maximise the profit margins. (Lee et al., 2016). The organisations look in the proper management with maximising the profit margins and looking into the optimisation, enhancement
What is a Project Methodology? How does it Serve in Project Management?_3

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