Project Management Methodology Project 2022

Running head: PROJECT MANGEMENT METHODOLOGY
Project management methodology
Name of the Student
Name of the University
Author’s Note

PROJECT MANGEMENT METHODOLOGY
1
1. Modern agile project management and scrum
Modern agile project management is one of the iterative as well as incremental
approaches that help in properly delivering the requirements throughout the entire lifecycle of
the project. It is found that the agile project generally helps in exhibiting various types of
values as well as behaviours. In addition to this, the agile PM assists in engaging with
stakeholders, providing transparency as well as assists in providing predictable delivery.
On the other hand, scrum is one of the agile PM methodology or framework that is
mainly utilized for various software development projects with the effective goal of
delivering the new software related capability. With the utilization of scrum the projects can
be delivered faster and additionally it provides high return of investment, building team
characteristics as well as helps in data generation.
2. Uses of agile and other PM methodologies
The various advantages of agile project management are listed below:
Increased control on project: It is found that agile methodology helps in keeping
proper control on the project and assists in delivering the products to the customer.
Reduced risks: Agile methodologies helps in eliminating the chances of different
types of project failures and generally works with working product and thus the issues related
with project can get minimized.
Faster ROI: The agile development is mainly iterative such that the features can be
properly delivered and thus the benefits are released quite early during the development
procedure.