Analyze three project management methodologies

This article analyzes three project management methodologies - Waterfall, Agile, and Hybrid. It discusses their advantages, disadvantages, and suitability for different projects.

PROJECT
MANAGEMENT
1

Table of Contents
TASK 1...........................................................................................................................................3
Analyze three project management methodologies................................................................3
TASK 2...........................................................................................................................................4
Developing network diagram, gantt chart and critical analysis points...................................4
TASK 3...........................................................................................................................................7
Stakeholder Analysis..............................................................................................................7
WBS.....................................................................................................................................10
TASK 4.........................................................................................................................................10
Risk Management.................................................................................................................10
REFERENCES..............................................................................................................................15
2

TASK 1
Analyze three project management methodologies
PMM is strictly defined combination of logically related approaches, procedures and
practices that identify how best to develop, plan, manage and deliver a project throughout
continuous implementation procedures until successful termination & completion (Matos and
et.al., 2019). It is essentially a set of process and guiding principles for managing a task.
Types of project management methodologies-
Waterfall-
It is one of the oldest methodologies outlined by Dr Winston Royce as a response to
operating increasingly difficult nature of software development (Hamad and Al Fayoumi, 2018).
It has become highly used and adopted, most prominently in digital sector. The advantage of this
project management method is easy to comprehend and utilize. Division between phases is
innate & easy to grasp regardless of previous experience. On the other hand, rigidity of this
approach means that when someone find need or error to change something, individual have to
effectively begin project from starting, this substantially increase risk of task failure.
Agile-
It is another project management method emerged as response to failure of waterfall
approach for managing complex tasks. It can be said that with this methodology person obtain
regular feedback from consumers, managers and other stakeholders as well as make
modification accordingly. It effectively and efficiently reduces risk of work failure since
stakeholders are included at every phase. Whereas, agile method emphasizes responding to
modified as they occur. It is lack of any fixed strategy makes scheduling and resource
management harder rather than before. Individual will rapidly have to struggle assets, bringing
them on an ad-hoc basis.
Hybrid-
This methodology used to help the organization in resolving the project in better way. As
this methodology is the combination of formal as well as agile methodology of the project. This
project generally used to look at the final result rather than project. It also used to describe the
understanding of project in better way. Reliability of outcome is the issue with the methodology
for the short term project in the organization.
3

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
Rehearsal 95 days
Thu
8/16/1
8
Fri
4/5/19 9 Fri
4/5/19
Thu
8/16/18
Thu
8/16/18
Fri
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
4

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 data it has been seen that there are two route through which event can be
completed within shortage period of time. It will take 132 days to complete the event in the
University.
TASK 3
Stakeholder Analysis
Stakeholder Role Influence
Power
Interest
level
Way to increase
interest
Project Manager Project manager is High High To increase the interest
7

one of the most
important
stakeholders for the
project. Project
manager is the one
who will prepare
variety of the plan
and provide different
guideline to the
project team in the
organization. On the
basis of the same
different task will be
performed in project.
of the project manager
in the project, sponsor
and the client has to
make sure that they
used to pass on good
and clear message to
the project manager,
also it has to be make
sure that good amount
of the resources should
be provided to the
project team to carry
out different operation
in an organization.
Project Sponsor Project sponsor are
the one who used to
provide good support
to project team and
manager in
formulation different
guideline and plans in
the organization.
They are the one who
also used to provide
the monitory support
to the team and desire
good return upon the
same.
High Moderate Interest level of Project
sponsor can be
increased in the
organization by passing
on the good
information about the
progress of the project
in the organization.
This will help the
company in getting
good and timely
finance for different
task in the
organization.
Project team Project team is the
group of the
individual in the
Moderate Moderate To improve the interest
level of project team in
the organization project
8

organization who
used to carry out the
different operation of
the event in the
University.
Professional growth
of project team
generally depends
upon the outcome of
the project.
manager of the project
has to make sure that
they used to provide
the good sort of
rewards and monetary
support to project team
in the organization, so
that they are motivated
to carry out different
operation.
Third party
Agency
Third party Agency
are the one in the
nation who used to
provide different raw
material for the
project team to carry
out the different
operation in an
organization. They
are mainly suppliers.
Low Moderate Interest level of
different supplier can
be increased in the
University by
clarifying different
thing which will be
require by the company
before hand itself in the
Event.
9

WBS
TASK 4
Risk Management
Risk Impact Responsible
Authority
Mitigation strategy
Proper scheduling of
tak: It is the biggest
risk which may occur
in the organization.
This is the risk which
High Project manager and
Planner
This risk can be
overcome in the
organization by
making proper time
line and going
10

generally occur when
project manager and
planner is not able to
schedule the different
task appropriately in
the University. This
certainly used to
impact the efficiency
of different task
perform in the
organization.
through it at the time
of scheduling
different operation of
the business in the
organization.
Inadequate finance: It
is another risk which
may occur in the
organization. This risk
may occur in the
Event when project
team not get the
adequate amount of
the finance to carry
out different operation
of the event.
High Project Sponsor To overcome this sort
of the problem in the
Event, project
manager has to
makes sure that they
used to provide the
proper progress of
the event to the
project sponsor in the
Event. So that they
can provide the
adequate finance to
carry out different
task in the event.
Employee Conflict:
It is the type of the
conflict which may
occur in the
organization when
there is some sort of
Moderate Employee To overcome this
issue in the
University Project
manager in the
organization has to
make sure that they
11

the confusion between
the different
employees about the
work which has to be
carried out by them in
the organization. This
eventually used to
impact the working
environment of the
project.
used to bring and
build good amount of
clarity among the
employee in the
organization, this will
eventually help the
individual in
lowering down the
amount of the
conflict in an
organization.
Resource Wastage: It
is another issue which
may occur in the
organization. This
may occur in the
organization due to
improper allocation of
different resources in
the organization. This
sometime used to
create the situation
where cost of the
company used to
increase in an
organization.
Moderate Resource allocator To overcome this
type of the risk in the
organization, project
team and project
allocator has to make
sure that they used to
forecast the different
need of the resources
and on the basis of
the same different
resources are
allocated in the
organization.
Legal Risk
This type of the risk
may occur in the
organization, when
organization is not
Low Project manager This type of risk can
be overcome in the
organization by
recruiting the
different authority in
12

able to compile the
different activity of
the event with variety
of rules and regulation
of the government.
the organization who
can look at this
things in the
organization.
13

REFERENCES
Books and Journals
Eskerod, P. and Jepsen, A.L., 2016. Project stakeholder management. Routledge
Royer, P.S., 2018. Risk management: The undiscovered dimension of project
management. Project Management Journal. 31(1). pp.6-13
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.
Layton, M. C. and Ostermiller, S. J., 2017. Agile project management for dummies. John Wiley
& Sons.
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
(SHIRCON) (pp. 1-5). IEEE.
Matos, P.V and et.al., 2019. The adoption of project management methodologies and tools by
NGDOs: A mixed methods perspective. Journal of Business Research. 101. pp.651-659.
Hamad, R.M.H. and Al Fayoumi, M., 2018, November. Scalable Agile Transformation Process
(SATP) to Convert Waterfall Project Management Office into Agile Project Management
Office. In 2018 International Arab Conference on Information Technology (ACIT) (pp.
1-8). IEEE.
14