Project Management: Methodologies, Stakeholder Analysis, Risk Analysis

Project management

Table of Contents
INTRODUCTION...........................................................................................................................1
TASK 1............................................................................................................................................1
Critically evaluate the three project management methodologies of knowledge........................1
TASK 2............................................................................................................................................2
Project Management Plan ..........................................................................................................2
..........................................................................................................................................................6
TASK 3............................................................................................................................................7
Stakeholder Analysis for this project..........................................................................................7
TASK 4............................................................................................................................................9
Risk Analysis for Five Different risk that affect the project.......................................................9
CONCLUSION..............................................................................................................................10
REFERENCES..............................................................................................................................11

INTRODUCTION
Project management is the process of planning or organizing an activity for some specific
purpose. Organization using some set of resources, tools & techniques to accomplish the project
aim as well. Every task consists some basic level of activities like planning, initiation, execution,
monitoring and closing the project. Present project is based on “Bucks students Union Music
Festival”. In order to complete this task. Researcher will be using project management
techniques, critical path network etc. Assignment will also outline the project management
methodologies out of which recommend one for the present task. Also study will analysis the
stakeholder matrix to evaluate the internal or external stakeholder and their interest or power on
project.
TASK 1
Critically evaluate the three project management methodologies of knowledge.
Agile Project Management
It is the interactive approach to managing software development projects that focuses on
continuous incorporating customer feedback with every interaction (Chung and Crawford, 2016).
In other words, this is the technique of project which can be performed through different parts
with stakeholders. There are four main values are consists in agile management such as
individuals and interaction over processes and tools and also working software over
comprehensive documentation and constant change over plans. Along with the things which
makes the process more effectively prepared and make the things more understandable. Agile
Project management is an iterative and incremental approach to delivering requirement
throughout the project life cycle (Chung, and Crawford, 2016).
Advantage
 This is the quicker software to perform project management.
 This methodology waste fewer resources as compare to other methodologies.
 With the help of agile software project manager can detect or fix the issues in quicker
way.
Disadvantage
 It would be difficult with agile to measure progress.
 Agile needs more time and energy from everyone the reason behind that it constantly
interact with each other.
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