Project Management: Comparing PMBOK and Agile Approaches - MAN6925

This report provides a comparative analysis of project management methodologies, specifically focusing on the PMBOK (Project Management Body of Knowledge) framework and agile project management approaches. The report begins with an executive summary outlining the core differences and similarities between the two methodologies. It then delves into the project management processes, including initiation, planning, execution, control and validation, and closeout and evaluation, as defined by PMBOK. The report contrasts these processes with the principles of agile project management, emphasizing the importance of adaptability, client value, incremental delivery, collaboration, and continuous learning. The analysis highlights the gaps and disparities between the two approaches, emphasizing that agile methodologies may not be entirely comprehensive from a traditional project management perspective. The report concludes with a summary of the findings and a list of references.

Project Management: Assignment 2
Student ID
Student Name
MAN6925
Instructor Name

Running Head: Project Management: Assignment 2 2
Table of Contents
Executive Summary.....................................................................................................................................3
Introduction.................................................................................................................................................4
Project Management Processes..................................................................................................................5
Initiation..................................................................................................................................................5
Planning...................................................................................................................................................6
Execution.................................................................................................................................................7
Control & Validation................................................................................................................................8
Closeout & Evaluation.............................................................................................................................9
Contrast Methods......................................................................................................................................10
Conclusion.................................................................................................................................................13
References.................................................................................................................................................14

Running Head: Project Management: Assignment 2 3
Executive Summary
The goal of this report is to think about a bland arrangement of undertaking administration forms
as characterized in PMBOK with various light-footed task administration forms. PMBOK is
created by PMI (Project Management Institute) and is organized around 5 (five) process
gatherings (starting, arranging, execution or accomplishment, controlling & validation and
conclusion & evaluation) and 9 (nine) learning ranges (combination, scope, time, cost, quality,
human asset, correspondence, chance, acquisition administrations). Then again, lithe
programming venture administration depends on the accompanying standards: grasp change,
concentrate on client esteem, convey some portion of usefulness incrementally, work together,
reflect and learn consistently. The motivation behind this correlation is to recognize holes,
contrasts, disparities and so on. The outcome is that nimble task administration approaches can't
be viewed as entire, from the customary undertaking administration perspective, since various
procedures either are missing or not portrayed expressly. (Assad & Pelser, 1983, pp. 49-58)

Running Head: Project Management: Assignment 2 4
Introduction
Project management process is an organizational procedure for the arranging and controlling of the
administration or the execution of an undertaking. This procedure starts after the endorsement by the
client, depends on the agreement, and is focused on the underlying estimations of the procedure and
the general administration of an undertaking.
Each undertaking procedure depicts the systems you would take as a Project Manager, to deal with a
component of the task. For example, the Risk Management Process will reveal to you how to recognize,
audit, alleviate and screen venture hazards all the more successfully. It additionally portrays the parts
and duties of each colleague, when partaking in venture hazard administration. The project
management process requires a particular setup that contains the task administration documentation;
venture designs; venture administration techniques; data trade (singular meetings, venture gatherings,
venture workshops and so forth.); (Fernandez & Fernandez, 2016, pp. 10-17) assets for the undertaking
arranging and undertaking execution. The accompanying perspectives ought to be performed amid the
undertaking administration process: venture presentation; venture arranging; venture
acknowledgement; venture control; examination and evaluation of the task pertinence. The aftereffects
of one of these procedures are the conveyance of an undertaking item; the accomplishment or
completion of the venture or project destinations; documentation of the learning forms. (Laufer, 1991,
pp. 39-45)

Running Head: Project Management: Assignment 2 5
Project Management Processes
Initiation
It is the starting phase of any project or vendor. In this strategy, each & every activity is related
to winning an endeavour happens. Ordinarily, the key activity of this stage is the pre-bargain. It
is the utmost critical stage in the Project Life Cycle (PLC), as it's the phase in which you portray
your augmentation and get your gathering. Just with an unmistakably described extension and a
sensibly skilled gathering, can ensure accomplishment. Amidst the pre-deal period, the specialist
affiliation demonstrates the capacity and capacity to finish it. By at that point, it is the
unequivocal necessities gathering which comes next. Amidst the basics gathering action, all the
customer necessities are gathered and inspected for execution. In this movement, blueprints may
bounce out at change certain necessities or purge certain prerequisites everything considered. As
a general rule, wander begin process shuts with essentials shut down. Commonly the start stage
is the place an undertaking support, couple with a task supervisor, elucidates three fundamental
things: the venture's targets, scope, limitations. At that point, they set up the venture contract.
Before the entire task arranging stage starts, partners endorse this sanction then courses of events
and spending plans are laid out in more detail. It consists of Project Charter, Stakeholders
identification and approach for handling various stakeholders. (Khan, 1991, pp. 27-30)

Running Head: Project Management: Assignment 2 6
Planning
It is one of the standard phase of an organization. In the event that the meander association total
gets this development wrong, there could overwhelm negative results amidst the going with
times of the undertaking. Subsequently, the errand association social occasion should give a
careful idea to this procedure of the meander. In this system, the endeavour arrangement is
translated recalling a definitive goal to address the meander necessities, for example,
fundamentals development, spending outline and courses of events. Once the meander
arrangement is deduced, by then the endeavor configuration is made. Subordinate upon the
budgetary game plan and the timetable, the advantages are then doled out to the undertaking. It is
an essential phase with respect to expanding expense and effort. (White & Fortune, 2002, pp. 4-
8). The central purpose is to manage time & cost, and resources adequately to gage the work
required and to feasibly manage shot. This procedure contains: rising of extension explanation,
choosing the organizing gathering, distinguishing desires, making the work breakdown structure,
recognizing the activities, sequencing the activities authentically, assessing the advantages, time
required and the costs, building up the timetable, building up the money related arrangement,
increasing formal support to begin. In this, an endeavour organization configuration is delivered
totally of individual prepares for – cost, scope, term, quality, correspondence, risk and resources.
A section of the essential exercises that stamp this stage is making WBS, progress of the
timetable, accomplishment plots, GANTT diagrams, assessing and holding assets, coordinating
dates and systems for correspondence with associates in context of points of view, due dates and
basic developments. A plan for directing perceived and unidentified perils is settled as this may
impact parts of an undertaking later on. Risk organization orchestrating consolidates chance

Running Head: Project Management: Assignment 2 7
unmistakable verification and examination, chance balance techniques, and peril response
masterminding. (Zwikael, 2009, pp. 94-103)
Execution
Everything considered, printed material is done, in this stage, the undertaking association
executes the meander recollecting the genuine target to complete meander objectives. As for
execution, every individual from the get-together completes their own particular assignments
inside the given due date for every advancement. The uncovered fundamental undertaking date-
book will be utilized for following the meander advance.
It is the third period of the undertaking lifecycle. In this stage, you will deliver the physical
undertaking wants and present them to your client for signoff. The Project Execution Phase is
commonly the longest stage in the undertaking lifecycle and it reliably develops the most
important and the most assets. To connect with you to screen and control the undertaking amidst
this stage, you should finish a degree of association shapes. These strategies enable you to
regulate time, to cost, quality, change, dangers, and issues. They comparatively help you to
control obtaining, client confirmation, and correspondences. The senior administration will
require well-ordered or week after week answer to see the task's advance. (Wideman, 1986, pp.
15-24). Regardless of that, the customer may in like way need to track the advance of errands.
Amidst the undertaking execution, it is a level out need to track the exertion and cost of the
meander recollecting a definitive target to pick if the endeavour is impelling the correct way or
not. The exercises performed in the midst of this methodology include: playing out the activities

Running Head: Project Management: Assignment 2 8
anticipated that would meet the endeavour targets, getting and administer references, offers and
suggestions as required, dealing with the assignment gathering and supervise distinctive
resources, gathering and look at execution data, creating wander data for status reports and
gages, overseeing dangers, leading change control and executing supported changes, setting up
and regulating wander correspondence channels, gathering and revealing lessons learned. In this,
an endeavour deliverable is created and completed the process of, sticking to a mapped-out game
plan. A noteworthy measure of attempts amidst this stage get meander estimations through
errands like status social events and task sees, unmistakable status reports, human asset needs,
and execution reports. A fundamental stage as it will empower you to fathom whether you're
embraced will be a win or dissatisfaction.
Control & Validation
In the midst of the project life cycle, the assignment practices should be totally controlled and
affirmed. The controlling can be overwhelmingly done by holding brisk to the basic conventions,
for example, meander design, quality assertion test layout, and correspondence arranged for the
endeavour. Once in a while, there can be outlines that are not secured by such customs. In such
cases, the undertaking boss should utilize adequate and fundamental estimations recalling the
genuine goal to control such conditions. An underwriting is a supporting action that keeps
running from the basic day to the most recent day of a meander. Every last advancement and
transport ought to have its own specific underwriting criteria recalling the genuine goal to check
the profitable result or the feasible fulfilment. As for extending transports and necessities, a
substitute social event called 'quality confirmation gathering' will empower the undertaking to

Running Head: Project Management: Assignment 2 9
amass for support and check limits. In this, occurring meanwhile as the execution organize, this
one by and large figures out how to gauge the endeavour execution and development according
to the wander outline. Expansion affirmation and control bounce out at check and screen for
scope slither, change control to track and direct changes to broaden need. Figuring key execution
markers for cost and time is done to evaluate the level of assortment accepting any, and in which
case therapeutic measures are settled and proposed to keep a wander on track. To hinder project
disillusionment, consider why wanders are presumably going to miss the mark and the ways to
deal with maintain a strategic distance from dissatisfaction. (TsunChow & Dac-BuuCao, 2008,
pp. 961-971). An errand is formally closed. It fuses a movement of basic endeavours, for
instance, passing on the thing, alleviating resources, reward and affirmation to the partners and a
formal end of brief labourers if they were used on the project.
Closeout & Evaluation
Exactly when all the undertaking necessities are a specialist, the time has come to hand over the
acknowledged framework and close out the endeavour. In the event that the meander transports
are in standard with the confirmation criteria depicted by the customer, the undertaking will be
fittingly perceived and paid by the client. Once the undertaking closeout happens, the time has
come to overview the whole meander. In this assessment, the filters made by the meander social
affair will be seen and will make sense of how to keep up an essential partition from them later
on meanders. Amidst the undertaking assessment process, the specialist affiliation may see that
they haven't gotten the common edges of the task or wander and may have beaten the courses of
events arranged toward the novice. The Project Closure orchestrate joins discharging the last
wants to the client, giving over meander documentation, completing provider contracts,

Running Head: Project Management: Assignment 2 10
discharging attempt assets and conceding meander conclusion to all associates. The last advance
is to try an Evaluation to pick how much the endeavor was reasonable and watch any lessons
learned for future activities. Assessment is generally wrapped up by a self-overseeing individual
to give a sensible idea of the task result. The basic progress is to audit the task execution to pick
if the undertaking passed for the purposes of intrigue, met the objectives, worked inside the
increase, and made the wants on time, inside spending outline and utilizing the distributed assets.
In such cases, the undertaking isn't a 100% accomplishment to the genius group. (Wideman,
1986, pp. 15-24). Along these lines, such occasions ought to be thought about fastidiously and
should expel basic activities from staying later on.
Contrast Methods
PMBOK Agile methods
XP Scrum Feature Driven
Development
Integration Administration or Management
Create Project Charter
Software Integration most
oftenly and as soon as
possible
Check of administration
endorsement and subsidizing
amid the arranging stage.
Improvement of the general
framework show.
Create Preliminary Project
Scope Statement
Aggregate code
proprietorship
Approval of improvement
instruments and framework
amid the arranging stage.
Create Project Management
Plan
Undertaking speed
estimation
Solid change management
methodology with an item and
run accumulation.
Direct and Manage Project
Execution
Refinement of framework
engineering to help changes.
Screen and Control Project
Work
Coordinated Change Control
Close Project
Scope Administration or Management
Planning User or Client Stories Perform area examination for
building space show.
Perform area examination
for building space
demonstrate

Running Head: Project Management: Assignment 2 11
Definition Planning Advancement of an extensive
item excess rundown.
Manufacture Features
List, branches of knowledge
Work Breakdown Structure
(WBS) Releases Advancement of an extensive
item run excess.
Verification
Meaning of the usefulness that
will be incorporated into each
discharge.
Control Choice of the discharge most
proper for quick improvement.
Survey of advance for doled
out build-up things.
Time Administration or Management
Action Definition Discharge Planning
Definition of the conveyance
date and usefulness for each
discharge.
Decide improvement
grouping
Action Sequencing Cycles arranging Monthly cycles
Appoint Business Activities
to Chief or Software
Programmers
Action Resource Estimating Appoint Classes to
Developers
Action Duration Estimating Software Engineer work
bundle
Timetable Development
Timetable Control
Cost Administration or Management
Cost Estimating N/A
Estimation of discharge cost,
amid the arranging stage (Rising
& Janoff, 2000, pp. 26-32)
N/A
Cost Budgeting
Cost Control venture
Quality Administration or Management
Quality Planning Stress on testing
Dispersion, survey, and
alteration of the benchmarks
with which the item will affirm
Survey gatherings
Perform Quality Assurance In light of
straightforwardness Configuration audit meeting Code assessment and unit
test
Perform Quality Control. Utilization of undertaking
principles Arranging meeting
Run survey meeting.
Everyday scrum
Human Resource Administration or Management

Running Head: Project Management: Assignment 2 12
Human Resource (HR)
Planning
Staff pivot to different
positions
Arrangement of the venture
team(s) per discharge
Delegate demonstrating
group
Procure Project Team Combine programming Group support in dash
gatherings
Delegate highlight list
group
Create Project Team Great working conditions
(no extra minutes)
Group support in day by day
scrums (Salameh, 2014, pp. 52-
56)
Designate Planning Team
Oversee Project Team Designate Feature Team
Communications Administration or Management
Interchanges Planning Utilization of framework
representation Configuration survey meeting Survey meetings
Data Distribution Client constantly accessible Scrum meeting
Execution Reporting Every day gatherings Arranging meeting
Oversee Stakeholders Utilization of undertaking
guidelines Run audit meeting
Correspondence of principles
to the venture group
Risk Administration or Management
Hazard Management
Planning
Make model to restrain
hazard
Introductory appraisal of
dangers amid pregame N/A
Hazard Identification Hazard audit amid survey
gatherings
Subjective Risk Analysis
Quantitative Risk Analysis
Hazard Response Planning
Hazard Monitoring and
Control
Procurement Administration or Management
Plan Acquisitions &
Purchases N/A N/A N/A
Plan Contracting
Demand Seller Responses
Select Sellers
Contract Administration
Contract Closure
Conclusion