Difference between project management methodologies

PROJECT MAN-
AGEMENT
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