Difference between project management methodologies

This document discusses the difference between different project management methodologies such as Agile, Hybrid, and Waterfall. It explains the advantages and disadvantages of each methodology and how they can be used in different projects.

PROJECT
MANAGEMENT
1

Table of Contents
TASK 1...........................................................................................................................................3
Difference between different project management methodology..........................................3
TASK 2...........................................................................................................................................4
Developing network diagram, gantt chart and critical analysis points...................................4
TASK 3...........................................................................................................................................7
Stakeholder Analysis and WBS..............................................................................................7
WBS.....................................................................................................................................10
TASK 4.........................................................................................................................................10
Risk Management.................................................................................................................10
REFERENCES..............................................................................................................................14
2

TASK 1
Difference between different project management methodology
Agile: Agile project management methodology helps manager in starting planning process.
Agile help in proper planning, operating and guiding the project process. Agile project
management approach helps by distinguish total work into small segment which increases the
quality of work. Agile focuses on using autonomous techniques which help in continuous
development.
Advantages: business environment keep on changing and to adjust the business policies agile
methodologies help manager to develop strategies and plans which help in solving the problems
and get effective result. Agile project management methodology helps in increasing customer
satisfaction.
Disadvantages: This methodology can not be understood by every manager. Results occurred
from this methodology is unpredictable which made it difficult for every manager to understood.
For using this methodology proper knowledge and skill are needed to take decisions. That's why
only senior programmers can use this method.
Hybrid: it is the combination of both formal and agile methodologies. Hybrid
methodology is much better way of solving project problems. It create a new project
management method.
Advantages: hybrid help in understanding project and describing project in proper and effective
way. Instead on focusing on the end result they focus on the features of product.
Disadvantages: As it is oldest form of methodology it does not provide accurate and effective
results. This methodology can not be used for long term projects.
Waterfall: In this methodology needs of the stakeholders and customers are identified
and to fulfill such needs proper planning and strategic are developed. IT, software industries and
construction sector used this methodology.
Advantages: This methodology is easy to understand and help in proper management of the
project. It consumes less time and money as compare to others methodology.
3

Disadvantages: this method does not allow any chances in the process at previous stage , that's
why all firm does not used this methodology. This method also excluded end use and client
requirements.
TASK 2
Developing network diagram, gantt chart and critical analysis points
Gantt chart
S.no. Task Name Duration Start Finish Predecessors Early
Finish
Early
Start Late Start Late
Finish
1 Budget
Approval 1 day
Sun
7/15/1
8
Sun
7/15/18
Sun
7/15/18
Sun
7/15/18
Sun
7/15/18
Mon
7/16/18
2
Hire
Publicity
Director
14 days
Mon
7/16/1
8
Thu
8/2/18 1 Thu
8/2/18
Mon
7/16/18
Mon
7/16/18
Thu
8/2/18
3 Hire Set
Designer 14 days
Mon
7/16/1
8
Thu
8/2/18 1 Thu
8/2/18
Mon
7/16/18
Fri
1/11/19
Wed
1/30/19
4
Hire Place
For
Auditions
7 days Fri
8/3/18
Mon
8/13/18 2 Mon
8/13/18
Fri
8/3/18
Fri
8/3/18
Mon
8/13/18
5
Advertising
To Hire
Crew and
Cast
7 days Fri
8/3/18
Mon
8/13/18 2 Mon
8/13/18
Fri
8/3/18
Fri
8/3/18
Mon
8/13/18
6
Hire
Production
& Publicity
Crew
34 days
Tue
8/14/1
8
Mon
12/31/1
8
4,5
Mon
12/31/1
8
Tue
8/14/18
Thu
9/13/18
Wed
1/30/19
7
Set
Designed
and Built
42 days Tue
1/1/19
Wed
2/27/19 3,6 Wed
2/27/19
Tue
1/1/19
Thu
1/31/19
Fri
3/29/19
8
Train
Production
Crew
12 days Tue
1/1/19
Wed
1/16/19 3,6 Wed
1/16/19
Tue
1/1/19
Thu
3/21/19
Fri
4/5/19
9 Auditions
To Hire Cast 2 days
Tue
8/14/1
8
Wed
8/15/18 4,5 Wed
8/15/18
Tue
8/14/18
Tue
8/14/18
Wed
8/15/18
10 Cast 95 days Thu Fri 9 Fri Thu Thu Fri
4

Rehearsal 8/16/1
8 4/5/19 4/5/19 8/16/18 8/16/18 4/5/19
11 Hire
Orchestra 7 days
Mon
7/16/1
8
Tue
7/24/18 1 Tue
7/24/18
Mon
7/16/18
Thu
1/31/19
Fri
2/8/19
12 Music 7 days
Wed
7/25/1
8
Thu
8/2/18 11 Thu
8/2/18
Wed
7/25/18
Fri
3/22/19
Mon
4/1/19
13
Photograph
Cast And
Crew &
Collect
Biographie
s
35
days
Tue
1/1/19
Mon
2/18/19 6,9,11 Mon
2/18/19
Tue
1/1/19
Mon
2/11/19
Fri
3/29/19
14
Enter
Information
Into
Computer
1 day
Tue
2/19/1
9
Tue
2/19/19 13 Tue
2/19/19
Tue
2/19/19
Mon
4/1/19
Mon
4/1/19
15 Printing 5 days
Wed
2/20/1
9
Tue
2/26/19 14 Tue
2/26/19
Wed
2/20/19
Tue
4/2/19
Mon
4/8/19
16
Develop an
Advertising
Plan
7 days Tue
1/1/19
Wed
1/9/19 6 Wed
1/9/19
Tue
1/1/19
Thu
2/28/19
Fri
3/8/19
17 Advertising
Media
21
days
Thu
1/10/1
9
Thu
2/7/19 16 Thu
2/7/19
Thu
1/10/19
Mon
3/11/19
Mon
4/8/19
18 Orchestra
rehearsal 4 days Fri
8/3/18
Wed
8/8/18 12 Wed
8/8/18
Fri
8/3/18
Tue
4/2/19
Fri
4/5/19
19 Order
Costumes 7 days
Thu
8/16/1
8
Fri
8/24/18 9 Fri
8/24/18
Thu
8/16/18
Thu
3/21/19
Fri
3/29/19
20
Costume
Parade
And
Alterations
5 days
Thu
2/28/1
9
Wed
3/6/19 7,19 Wed
3/6/19
Thu
2/28/19
Mon
4/1/19
Fri
4/5/19
21 Dress
Rehearsal 1 day Mon
4/8/19
Mon
4/8/19
8,10,18,2
0
Mon
4/8/19
Mon
4/8/19
Mon
4/8/19
Mon
4/8/19
22 Performanc
e
10
days
Tue
4/9/19
Mon
4/22/19 15,17,21 Mon
4/22/19
Tue
4/9/19
Tue
4/9/19
Mon
4/22/19
5

Network diagram
6

Critical path
Path 1: 1 + 2 +4 + 9+ 10 + 21+22
Days= 1 +14 + 7 +2 +2+ 95+ 1 +10
= 132 days
Path 2: 1 + 2 +5 + 9+ 10 + 21+22
Days = 1 +14 + 7 +2 +2+ 95+ 1 +10
= 132 days
From the above presented data it can be said that these are the two route which can be used by
the company. It will take 132 days to complete the event.
TASK 3
Stakeholder Analysis and WBS
Stakeholder Role Influence
Power
Interest
level
Way to increase
interest
Project Manager Project manager is
the authority in the
High High TO increase the level
of the interest of the
7

University who is
responsible for
making variety of
different rules and
regulation regarding
the project. All the
team member in the
university consider
the different
guideline which are
pass on by the Project
manager in the
Project,
Project manager, Client
in the organization has
to make sure that they
used to provide the
good sort of resources
for the Project manager
so that they can plan
the different activity
very efficiently and
clearly in the event.
Project Sponsor Project sponsor are
the administrative
supporter of the
project. They are the
one who used to
provide good
informational support
to the project
manager to develop
different guideline in
the organization in a
way that different
operation can carry
out efficiently. They
also used to provide
monitory support in
term of the money to
High Moderate Interest level of
different project
sponsor can be
increased in the
organization by
providing good hand of
the support in term of
bringing a clarity in
which project sponsor
are clear about the
different activity which
are being performed in
the organization.
8

the project team.
Resource
Allocator
Resource allocator
are one in the
University who used
to allocate the
different resources
which are used by
Project team to carry
out different
operation of the
event.
Moderate Moderate Interest level of
different resource
allocator can be
improved in the Project
by passing on the clear
instruction to all the
resource allocator
about the different task
which will be
performed in the
organization. This will
help them in allotting
the different resources
very efficiently.
Student They are the one for
whom event is being
organized in the
University. Student
will take part in the
event to make the
event a sucess
Low Moderate Interest level of student
can be increased in the
University by showing
them a good benefit of
the event and providing
good facility to them in
the event.
9

WBS
TASK 4
Risk Management
Risk Impact Responsible
Authority
Mitigation strategy
Duplicity of work
It is the type of the
risk which may occur
in the event at the
time when
organization is not
able to schedule the
High Project Planner and
Manager
To overcome the
same risk in the
organization,
individual has to
make sure that they
generally used to take
help of different gantt
10

different activity in
the organization, this
leads the duplicity of
different task in the
organization.
chart and work
breakdown system to
schedule different
activity in the
organization in a way
that all the task are
completed on time in
an organization.
Scarcity of fund
Scarcity of fund is
another type of the
risk which may occur
in the Event. This
type of risk generally
used to occur in the
organization when
organization is not
having good fund to
carry out different
operation of the
business, This used to
impact the efficiency
of different operation
in the organization.
High Project Sponsor To overcome this
type of the issue
organization has to
make sure that they
used to pass on the
different requirement
of the fund before
hand itself to the
stakeholder so that
they can provide the
different fund
whenever require in
the organization.
Resource Wastage
This type of risk may
occur in the
University, when
organization is not
able to optimum
utilize the different
Moderate Resource allocator This risk can be
overcome by the
individual in the
University, Resource
allocator in the
organization has to
make sure that they
11

resources of the
company. This
generally used to
increase the cost of
the company in the
long run.
used to forecast the
different work which
need to be done in
the Event and
allocating the
different resources
accordingly in the
nation.
Employee conflict
It is another type of
the risk which
generally used to
occur in the
University. This
generally occur in the
organization when
their is some sort of
unclarity among the
different employee in
context of different
task which will be
performed by them in
the University.
Moderate Employee This type of the risk
can be overcome by
the organization in
the market by
bringing and
maintaining a good
sort of the clarity
among the employee
in context of different
task which has to be
performed by them in
the organization. This
can be done in the
organization by
promoting the proper
task schedule of the
event.
Legal Risk
This is the risk which
may occur in the
Event at the time
when organization is
not able to compile
Low Project manager This risk can be
reduced in the
organization by
recruiting the
compliance officer
who can look at
12

different activity with
the legal regulation of
the nation.
different legal
requirement of the
nation.
13

REFERENCES
Books and Journals
Adelakun, O. and et.al., 2017. Hybrid Project Management: Agile with Discipline. In CONF-
IRM (p. 14).
Brewer, J. L. and Dittman, K. C., 2018. Methods of IT project management. Purdue University
Press.
Conforto, E. C. and Amaral, D. C., 2016. Agile project management and stage-gate model—A
hybrid framework for technology-based companies. Journal of Engineering and
Technology Management, 40, pp.1-14.
Eskerod, P. and Jepsen, A. L., 2016. Project stakeholder management. Routledge
Layton, M. C. and Ostermiller, S. J., 2017. Agile project management for dummies. John Wiley
& Sons.
Royer, P. S., 2018. Risk management: The undiscovered dimension of project
management. Project Management Journal. 31(1). pp.6-13
Stoica, M. and et.al., 2016. Analyzing Agile Development-from Waterfall Style to
Scrumban. Informatica Economica, 20(4).
Zuñiga, M. G., Flores, E. A. and Merino, J. C. A., 2018, November. Hybrid System (Solar-
Wind) Management for Generating Electricity in High Andean Rural Regions in Peru.
In 2018 IEEE Sciences and Humanities International Research Conference
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