Understanding Project Management Methodologies

This assignment examines the concepts of project management methodologies and their importance in achieving project success. It specifically focuses on a comparative analysis of two prominent methodologies: PRINCE2 and PMBOK. The document outlines the key stages, characteristics, and applications of both methodologies, providing insights into their strengths and weaknesses. Additionally, it explores the relationship between PRINCE2 and the project life cycle, highlighting how this methodology guides project management throughout its different phases.

Running head: ICT PROJECT MANAGEMENT
ICT Project Management
Name of the Student
Name of the University
Authors Note:

1ICT PROJECT MANAGEMENT IntroductionIntroduction
Table of Contents
Introduction..........................................................................................................................3
Project methodology is and its role in project management............................................3
Prince 2 vs PMBOK........................................................................................................3
Prince 2 in relational to PLC (Project Life Cycle)..........................................................3
Conclusion...........................................................................................................................3
References............................................................................................................................3

2ICT PROJECT MANAGEMENT IntroductionIntroduction
Introduction
Project methodology is nothing but a method or technique which is used by project
manager for achievement of goals and result within a given time and budget. In the coming
pages of the report role and importance of project manager has been discussed in details (Fervers
et al., 2013). After that a comparison has been provided regarding the two methodology of
project management that is Prince2 and PMBOK. In the last phase of this report relation of
Prince2 to PLC that is project life cycle has been discussed in details.
Project methodology and its role in project management
For achieving goals and proper results within in a given time and budget a manager
makes use of project (Pitman et al., 2014). Irrespective of its field project methodology its aims
in helping manager at every step which starts from initiation phase to closure phase. A
methodology is nothing but a model which is used by project manager for carrying out functions
like designing, planning, implementation or use and lastly achieving its goals.
NASA make use of specific or particular methodology for building space station on the
contrary NAVY makes use of some other methodology or technique for building submarines
(Siegelaub, 2014). So there is various project management methodology to satisfy the needs of
various project which works in various domains of business.
Prince 2 vs PMBOK
PMBOK stands for project management Body of Knowledge while Prince2 stands for
Project management in Controlled Environment. Prince2 is structured PM methodology while
PMBOK is standard and Guide (Yeong, 2017). Prince2 is practical in nature and mainly focuses
on some of the important and critical areas on the contrary PMBOK is comprehensive in nature.

3ICT PROJECT MANAGEMENT IntroductionIntroduction
Prince2 consist of 7 themes while on the contrary PMBOK consist of 10 knowledge areas. In
Prince2 methodology contains various techniques while PMBOK model contains techniques or
method for each particular project. PMBOK partly covers up the assets of organization and
various factors related to environment while on the other hand PMBOK is strongly associated
with the process of organization.
Prince 2 is a practical method of project management while PMBOK is all about various
the various parameters related to project management. Process in prince 2 consist of starting of
project, providing direction to project, initiation phase of the project, monitoring or controlling
phase of project, proper management delivery of products, Analyzing the boundary of stage,
closing of project (Parker et al.,2013). On the contrary PMBOK process consist of following
phases like initiation, planning, execution, monitoring, analyzing and controlling phase of project
and lastly closing phase of project.
Prince2 can be defined as the process based approach or method to project management.
This model consists of eight process which is applied in set of various stages which is applied in
a process sequence by the project manager for proper planning and managing of project.
PMBOK mainly offers the project manager for a considerable collection of information about
various project and it mainly invites project manager to apply this methodology in various
domains (Wideman, 2012). Prince2 provides a list of stages or steps for the project manager and
its team members to follow. PMBOK provides resource about various academic knowledge
which is generally used for upgrading the profession of project management. Prince2 provides
certain process which can be easily applied by various project manager and various range of
background which is management of project and its outcomes.

4ICT PROJECT MANAGEMENT IntroductionIntroduction
Prince 2 in relational to PLC (Project Life Cycle)
Project in controlled environment that is Prince2 is generally considered to be process
driven project management methodology (Prabhakar, 2016). This particular methodology
consists of initiation of project, guiding the project, controlling or monitoring stage associated
with it, proper management of stage boundaries, proper management delivery products, closing
of project.
Initiation of project consist of four strategy or methodology which are project risk,
Quality, configuration, and proper communication of management strategies which are project
risk, configuration and management of various techniques or methodology. This particular
mainly focus in controlling of project and files. Prince2 methods run right from start of project to
its closure phase (Elkington & Smallman, 2012). In this methodology the project manager
monitors via reports and controls which is inclusive of authorization of initiation phase of
project. Prince2 process in general describe the monitoring and controlling processes related to
various manager of project. Various process involved in prince2 provides project board with
decision points for continuation of project. This particular methodology reveals the various
stages which are associated in a project. Prince2 process helps in controlling of link between
project manager and managers of the team. It is the duty of project manager to various packages
of work to managers of the team. It also reveals the various steps which be taken at the last of the
project.
Conclusion
From the above discussion it can be easily concluded that this report it all about project
management methodology and its role in project management. In the above pages of the report a
brief comparison has been provided regarding the two methodology of project management that

5ICT PROJECT MANAGEMENT IntroductionIntroduction
is Prince2 and PMBOK. In the last part of the project the relation of Prince2 methodology in
project life cycle has been discussed in details. Various information related to Prince2 and
PMBOK has been provide in details in the above pages of the report. All the stages of two model
that is Prince2 and PMBOK has been discussed in details.

6ICT PROJECT MANAGEMENT IntroductionIntroduction
References
Elkington, P., & Smallman, C. (2012). Managing project risks: a case study from the utilities
sector. International Journal of Project Management, 20(1), 49-57.
Fervers, B., Hardy, J., Blanc-Vincent, M. P., Theobald, S., Bataillard, A., Farsi, F., ... &
Pinkerton, R. (2013). SOR: project methodology. British journal of cancer, 84(s 2), 8-16.
Parker, D., Charlton, J., Ribeiro, A., & D. Pathak, R. (2013). Integration of project-based
management and change management: Intervention methodology. International Journal
of Productivity and Performance Management, 62(5), 534-544.
Pitman, A. J., Slater, A. G., Desborough, C. E., & Zhao, M. (2014). Uncertainty in the simulation
of runoff due to the parameterization of frozen soil moisture using the Global Soil
Wetness Project methodology. Journal of Geophysical Research:
Atmospheres, 104(D14), 16879-16888.
Prabhakar, G. P. (2016). Projects and their management: A literature review. International
Journal of Business and Management, 3(8), 3.
Siegelaub, J. M. (2014, January). How PRINCE2 can complement PMBOK and your PMP.
In PMI global congress proceedings (pp. 1-7).
Wideman, R. M. (2012). Comparing PRINCE2® with PMBoK®. AEW Services, Vancouver,
BC, Canada.
Yeong, A. (2017). The marriage proposal of PRINCE2 and PMBOK.

7ICT PROJECT MANAGEMENT IntroductionIntroduction