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Study on Project Management Methodologies

   

Added on  2020-04-13

6 Pages1310 Words122 Views
Running head: PROJECT MANAGEMENT METHODOLOGIES Project Management MethodologiesName of Student-Name of University-Author Note-

1PROJECT MANAGEMENT METHODOLOGIES 1. Project MethodologiesDefinitionProject methodologies contain all the guiding processes for the members who areinvolved in a project involving project management. The definition of project methodologies isthat the methods that are involved in project management do not need any tool. But themethodologies of project management face competition with the software tools of projectmanagement that is intertwined (Heldman, 2015). Project methodology is basically a model thatis employed by project managers for planning, design, achievement and implementation of theprojects to fulfill their objectives. The methodology of project management is combination ofprocesses, methods and practices that are logically related. These enable the project manager todetermine how to plan the best, develop, deliver and control the project through implementationof processes till the successful completion and successful termination of the project. The project methodologies are systematic, disciplined approach and contain methods thatare scientifically-proven for the execution, completion and designing the project successfully.The main purpose of methodology is that they allow in controlling the whole process ofmanagement by making effective decision and also solves problem that ensures success ofparticular approaches, methods, technologies, techniques and processes (Kerzner, 2013). Themethodology is considered as a skeleton of a project that describes all the steps from depth. Byimplementing project management, the project manager ensures all the processes in order toimplement and deliver the project according to its schedule, client specification and budget.

2PROJECT MANAGEMENT METHODOLOGIES Role of Project Methodologies in Project ManagementProject management is a collection of relevant knowledge that is structured to makechange in methodologies. Project methodologies in project management help in managingprojects that are involved in an organization. Project methodologies in a project managementdoes not describe the exact algorithm about how the changing is to be made or about how tomanage a particular project but methodologies provide a wide overview of different processes,rules, methods and standards (Leach, 2014). Managing the projects means performing anddescribing activities that are needed to meet the objectives of making some change in the project.2. Comparison between PMBOK and PRINCE2 MethodologyFeaturePMBOKPRINCE2DefinitionPMBOK is standard and guideto manage a project This is a structured basedproject managementmethodologyKnowledge Areas AndThemes There are mainly tenknowledge areasPRINCE2 has 7 themesComprehensive Vs PracticalPMBOK is compressive (Mir& Pinnington, 2014)PRINCE2 is practical thatmainly focuses on the criticalareasTechniquesAll the techniques are coveredfor all the processes Some of the specifictechniques are explained inPRINCE2 methodFocusCustomer requirements areneededProduct and business case areconsideredInterpersonal SkillsInterpersonal skills arerequired in PMBOKNo need of interpersonal skillsin PRINCE2Activities And ProcessesThere are total of 47 processesand 5 process groupsThere is a total of 35 activitiesand 7 processes in PRINCE2methodProject Board RoleThe role of sponsor is onlysuggested in the PMBOKmethodProject Board is called to giveoversightManagement PrincipleThere is as such noThis method is managed by

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