Bucks Students’ Union Music Festival Case Study

Running head: PROJECT MANAGEMENT ASSIGNMENT
Bucks Students’ Union Music Festival case study
Name of Student-
Name of University-
Author’s Note-

PROJECT MANAGEMENT ASSIGNMENT1
Table of Contents
Task 1: Comparison of three project management methodologies.................................................1
Task 2: Network Diagram...............................................................................................................4
Task 3: Stakeholder analysis and work breakdown structure..........................................................4
Task 4: Risk Analysis......................................................................................................................8
Bibliography..................................................................................................................................13

PROJECT MANAGEMENT ASSIGNMENT2
Task 1: Comparison of three project management methodologies
The three methodologies that are explained in this section is the waterfall model, adaptive
project framework and agile framework.
Waterfall methodology: This methodology is a default methodology which includes
sequential processes of project management. This approach is similar to the stream of water that
flows from top to bottom. Thus waterfall methodology is named so as this is a top-bottom
approach and does not divert its activities in between (Joslin 2019). There is a sequence of steps
that are followed in the waterfall model: planning phase, analysis phase, designing phase,
development phase, testing as well as deployment or maintenance phase.
Advantages of the waterfall model:
1. This model needs extensive project planning, and all the activities are easily tracked
with the task dependencies.
2. This methodology has a high accurate timeline and includes budget as a result.
3. Waterfall model consists of a secure transfer of project knowledge.
Disadvantages of the waterfall model:
1. Changes in the project are complicated to implement in the project using the waterfall
model.
2. This method is not suitable for complex projects.
3. This methodology in a project should not be used for long as well as for ongoing
projects.

PROJECT MANAGEMENT ASSIGNMENT3
Adaptive project framework: This method in project management is designed for
adapting all the changing situations that are in the project and helps to incorporate learning from
project experience (Rodriguez et al. 2017). The scope is variable and is included within a
specified time as well as within the budget constraints.
Advantages of adaptive project framework:
1. This method is a traditional and an ideal approach if a clear idea of the project is
known.
2. In this model, the requirement of the project is not necessary to define at the project
initiation.
3. This model is flexible and is iterative.
Disadvantages of adaptive project framework:
1. Too much flexible method and this method can lead to project delays.
2. This methodology sets an unrealistic expectation of the client.
3. This method has limited control over the project and results in confusion and irregular
process flow.
Agile methodology: This framework is the iterative method, and this is an incremental
framework that includes short development methods known as sprints. The sprints only focus on
project development and provide continuous service to the customer (Vhutshilo et al. 2018).
Sprints in the agile method include a certain amount of time that is allocated to do a specific task
in the project. Virtualization is limited in an agile framework.
Advantages of an agile framework: