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MGMT 510 - The Project Methodologies

   

Added on  2020-03-04

6 Pages1002 Words46 Views
qwertyuiopasdfghjklzxcvbnmqwertyuiopasdfghjklzxcvbnmqwertyuiopasdfghjklzxcvbnmqwertyuiopasdfghjklzxcvbnmqwertyuiopasdfghjklzxcvbnmqwertyuiopasdfghjklzxcvbnmqwertyuiopasdfghjklzxcvbnmqwertyuiopasdfghjklzxcvbnmqwertyuiopasdfghjklzxcvbnmqwertyuiopasdfghjklzxcvbnmqwertyuiopasdfghjklzxcvbnmqwertyuiopasdfghjklzxcvbnmqwertyuiopasdfghjklzxcvbnmqwertyuiopasdfghjklzxcvbnmqwertyuiopasdfghjklzxcvbnmqwertyuiopasdfghjklzxcvbnmqwertyuiopasdfghjklzxcvbnmqwertyuiopasdfghjklzxcvbnmrtyuiopasdfghjklzxcvbnmqwertyuiopaAssignment onProject Methodologies

Project management methodologiesContents1.Introduction:..................................................................................................................................22.Role of Project methodology in project management:..................................................................23.Categories of Project methodologies:............................................................................................24.Relation between Project life cycle, Prince2, and PMBoK:............................................................45.Conclusion:....................................................................................................................................56.References:....................................................................................................................................51

Project management methodologies1.Introduction:A methodology is used for designing and planning for achieving the objectives of the project.The project methodologies act as an adaptive framework for program execution. “The plans are prepared for the accomplishment of goal by using the set of principles of project methodology” (Matos, 2013). The activities of the project management can be made lighter and easier by involving the concept of project methodologies.2.Role of Project methodology in project management:The project methodologies help the manager for managing plan, initialization, and implementation of the project. The closure of the project can be estimated by the project methodologies. The plans and objectives can be easily achieved by using the models of methodologies. “The project activities can be managed within the project scope and scheduled time” (Hewagamage, 2011). 3.Categories of Project methodologies: Agile Methodology: In this methodology, the active participation of customers and stakeholders involves which helps in empowering the project team. The focus is given on team management, project monitoring and controlled system, response given correspondent to the changes required by the customers, and others.Waterfall methodology:This methodology is based on sequential approach which involves the completion of each phase in serial order. The different phases which are involved in waterfall methodology are requirement specification plan, design concept, development, integration, testing and validation, installation and implementation, and maintenance and monitoring. The requirement should be specified in the initial stage of the project.Prince2:“The facts and standards are the basis of prince2 methodologies. It follows the concept of process based approach” (Ghosh, 2012). SDLC:2

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