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MGMT2102 Project Management Assignment

   

Added on  2020-05-16

7 Pages1205 Words75 Views
Running head: PROJECT MANAGEMENTProject Management[Name of the Student][Name of the University][Author note]

Table of Contents1. Project methodology:..................................................................................................................32. Similarities and differences between PMBOK and PRINCE2 methodology:.............................32.1. Difference between PMBOK and PRINE2:.........................................................................32.2. Similarities between the PMBOK and PRINCE2 method:..................................................43. PRINCE2 in Project Life Cycle (PLC)........................................................................................4References:......................................................................................................................................6

1. Project methodology:Project methodology in a project management refers to the guiding process, which is usedby the persons involved in the project. Project methodology can also be defined as the fivedifferent phases of project management and they are “define”, “plan”, “launch”, “manage” and“closure” (Kerzner & Kerzner, 2017). Project methodology is used for the purpose of improvingthe quality of the project by means of better management process. Project methodology consistsof guidelines, templets and definitions regarding various types of activities that are essential formaking successful completion of projects (Špundak, 2014). The project methodologies areassociated with providing a certain set of standards which in turn provides some tools andprocesses for the project manager so as to make his/her job easy. A common ground is providedby the project methodology for all type of projects.2. Similarities and differences between PMBOK and PRINCE2 methodology:2.1. Difference between PMBOK and PRINE2:The common differences between PMBOK and PRINCE2 are listed below:PRINCE2 is a method which is perspective in the outputs of the project management andthis might include the configuration records, logs, reports and the documents of baseline(Snyder, 2014). Whereas in PMBOK method it is associated with the providing of properguidelines on the tools which might include the three point estimates, techniques ofgathering the information, matrices of the stakeholders and earned value analysis.

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