Project Management: PMBOK and Prince2

Running head: PROJECT MANAGEMENT
Project Management: PMBOK and Prince2
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1PROJECT MANAGEMENT
PMBOK and Prince2 methods
Different tools and techniques are available that widely used for project accomplishment.
The tools and techniques vary from each other in case of different projects and project
management methodologies.
Tools that are used in the PMBOK project management methodology include Logic
networks and Product Breakdown Structure (PBS) and the techniques used include Lean project
management and Six Sigma Principles. The lean Six Sigma method is dependent on team
performance and how collaborative team works together for removing project wastes and other
unwanted variations (Awang et al. 2015). Besides this, the Lean Six Sigma method is mainly
focused on consumers and helps to identify and understand the way through which the work is
running. The process flow of the project becomes improved, smoother and manageable as well.
It also helps to remove non value added steps and waste at the same time.
It undertake project improvement activities in a complete systematic manner however,
Six Sigma method is applied to eradicate 8 different kinds of project related defects. Prince 2
uses the technique of Gantt chart, PERT, WBS, CPM to eliminate waste and govern a project in
a must easier way. The techniques used in Prince2 include waterfall project model, extreme
programming, adaptive project framework, Agile methodology etc (Fernandez-Cavia et al.
2014). The PERT chart and Gantt chart are used by project manager to subdivide any large
project in small activities so that it can be accomplished through an easier way.
In case of PMBOK it is defined that, it has substantial framework for scope management,
contract management purposes and this approach is arguably lesser robust in Prince2 method.