Project Management Approaches & Techniques - BMP5004 Poster 2021-22

This presentation poster provides an overview of project management approaches and techniques, contrasting traditional and agile methodologies, and highlighting the PRINCE2 process-based technique. It emphasizes the importance of planning, organization, and resource management in project completion. The poster likely includes an analysis of theoretical approaches and control techniques used to ensure project success, referencing academic journals and books as sources. It concludes that effective project management involves managing finances, personnel, technology, and intellectual property to achieve project goals.

PROJECT MANAGEMENT APPROACHES AND TECHNIQUES
PROJECT MANAGEMENT
Project management is one of the important aspect
that involve planning and organization of resources
in order to move as specific task, duty or event
towards completion.
PRINCE2
This is the process based technique for effective
project management and also give the
fundamental skills that are become successful
project manager. This is one of the highly flexible
methodology which can be used for managing the
project in different sectors. Also, this technique is
essential requirement for many employers in the
sphere of project management
• Starting up project Directing
project
• Initiating project Controlling
project
• Managing product delivery Managing
stage boundaries
• Closing a project
TRADITIONAL APPROACH
This methodology established project by run in
sequential cycles also this is the approach which
emphasize on the basis of linear process, upfront
planning, documentation and prioritization.
• Initiation
• Planning
• Execution
• Monitoring
• Controlling
AGILE METHODOLOGY
This is the way of managing project by breaking up
into several phases also it is related to constant
collaboration with stakeholders and contiguous
improvement at each stage. Also, when the work
begins team cycle on the process of planning,
executing and evaluating. There are five phase of
agile project management approach such as
• Envision Speculate
• Explore Adapt
• Close
References
Godse, M. and Rajiv, B., 2021. Improvement of Project Management
Knowledge Areas Using Scrum Technique. In Optimization Methods in
Engineering (pp. 133-149). Springer, Singapore.
CONCLUSION
It has been concluded that project management is also helped
for involving one time project or other ongoing activities and
resources that are necessary to manage in regard to finances,
personal, technology and intellectual property.