Project Methodologies: Agile XP and PRINCE2

Project Methodologies
Agile XP and PRINCE2
11/24/2018

Project Methodologies
Table of Contents
Introduction...........................................................................................................................................2
Definition of Methodology................................................................................................................2
Role of Methodology in Project Management...................................................................................2
Agile SCRUM & PRINCE2..................................................................................................................3
Comparison & Contrast.....................................................................................................................3
Relation with Project Life Cycle (PLC).................................................................................................4
Conclusion.............................................................................................................................................5
References.............................................................................................................................................6
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Project Methodologies
Introduction
Definition of Methodology
Project methodology is defined as the combination of methods, techniques, procedures, rules,
and a set of best practices that are amalgamated and applied on a project (Spundak, 2014).
Project methodologies can be defined as the application of skills, knowledge, tools, and
techniques to make sure that the project requirements and specifications are met (Al-Zwainy,
Mohammed & Raheem, 2016).
A methodology is defined as a step by step process and set of guidelines that shall be applied
in projects. There are several project methodologies defined for project management and the
selection of the methodology shall be based on the project needs and type. The primary
purpose of implementation and use of a project methodology is to ensure that the skills,
knowledge, methods, and techniques are applied in an adequate direction to meet the project
requirements and customer expectations.
Role of Methodology in Project Management
Methodology serves an extremely significant role in project management. Project
Management is a discipline that includes several project areas under it, such as schedule,
costs, resources, stakeholders, communication, risks, procurement, changes, quality, etc. Each
of these project areas has their own set of issues and challenges. Project methodology
provides the Project Manager, leadership, and members in the project team with the
guidelines and standards that shall be followed for successful handling of each area.
Standardization of the project activities and maintenance of compliance in the areas as legal,
regulatory, ethical, and quality is also ensured with the adoption of specific project
management methodology. Project methodology and project management are closely related
to each other. The goals and objectives of project management can be successfully applied in
the right direction with the aid of a specific project methodology applicable to the project.
The selection of the methodology may be done on the basis of the project scenarios and
requirements.
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