Project Management Methodologies: Analysis and Application, PPMP20009

This report provides an analysis of various project management methodologies, primarily focusing on OPM (Organizational Project Management) and Prince2. It examines the benefits of OPM, including increased customer satisfaction, alignment of strategy and execution, and improved cost control, as highlighted in the Week 4 lecture. The report further explores the importance of best practices, feasibility studies, and risk analysis in project management, as discussed in the Week 5 lecture. It emphasizes the role of the project manager and business analyst in preparing project plans, conducting cost-benefit analyses, and managing stakeholders. The report also delves into the Prince2 methodology, its themes, principles, and its application in enhancing business operations, as learned from the Week 6 lecture. The significance of project deliverables, adherence to project methodologies, and the assessment of project stakeholders are discussed based on the Week 7 lecture. Finally, the report highlights the importance of project planning, the use of Work Breakdown Structure (WBS), and the steps involved in software project management, as covered in the Week 8 lecture. The report emphasizes the need for organized structures, ethical and efficient business activities, and the alignment of projects with client demands to achieve optimal results.

Running head: PROJECT MANAGEMENT METHODOLOGIES
Project Management Methodologies
Name of Student:
Name of University:

2PROJECT MANAGEMENT METHODOLOGIES
Topic and reading
samples.
Your personal learning outcomes
from this unit.
Learnings from your experience. Supporting documentation including
your prior learnings.
Project Management
Methodologies
PPMP20009
Week 4 Lecture
Presentation
From this I learn about the OPM. OPM comes
with certain benefits and in this learn
presentation I learn about the beneficial
aspects that OPM offers
The organisational PM must align the
project , program and the objectives the
enterprises take must align to the
organisation’s context, structure, situation
and the context. There are several benefits
that OPM offers like increased customer
satisfaction, alignment of strategy and
execution, competitive advantage, effective
operations, improved cost control,
improved market competencies, improved
communications. The project manager,
business analyst and the entire project
management team, the parent organisation
and customer’s organisation need to predict
the project success. The project manager
must focus on the visibility, credibility,
priority and the accessibility. He is also
responsible to find out the best practice
levels.
Sljivar, I. and Gunasekaran, A., 2018, April.
Agile-Scrum for Facility Design Project
Management. In SPE Western Regional
Meeting. Society of Petroleum Engineers.
Project Management
Methodologies
PPMP20009
Week 5 Lecture
Presentation
From the presentation I learn that the project
manager must opt for the best project
management practices. The best practices can
help the enterprises to gain the competitive
advantage
The presentation file explains the simple
steps required for analysing the readiness.
Basically there are three steps associated
for analysing the readiness. At first, three
alternatives are taken into consideration.
The three steps that are considered are –
continuous improvement, organisational
change management and the sustained
leadership. In the consecutive step, the
business analyst performs the feasibility
study. The feasibility study is measured in
terms of both strategic need and cost-
benefit position. It is the responsibility of
the project manager to assess the current
scenario of the organisation. After that a
Kerzner, H. and Kerzner, H.R., 2017. Project
management: a systems approach to planning,
scheduling, and controlling. John Wiley & Sons.

3PROJECT MANAGEMENT METHODOLOGIES
Topic and reading
samples.
Your personal learning outcomes
from this unit.
Learnings from your experience. Supporting documentation including
your prior learnings.
blueprint is prepared by the project
manager, the project stakeholders must
follow the project plan and perform the
activities accordingly. The business analyst
captures the rationale of the OPM. Later the
business analyst set the parameters for
completing the project successfully. The
business analyst will carry out the feasibility
test and later on the basis of the feasibility
report the project manager analyse the
objectives of the project. He analyses in
details what are the main goals of the
organisation, what are they trying to
achieve. Along with preparing the project
plan, the project manager with the business
analyst performs the project risks analysis.
The cost-benefit analysis is also conducted
and the cost schedule is created. The
stakeholders can be able to know what is
budget allocated for each activities and
what is the overall budget of the project.
The feasibility analysis will be carried out. It
will help to know whether the project can
be beneficial for them or not.
Project Management
Methodologies
PPMP20009
Week 6 Lecture
Presentation
I learn from the presentation that the project
manager and his team must follow proper
project methodologies. The implementation
of OPM framework has been demonstrated in
the presentation. The OPM framework can
prove to be beneficial, it can assist them to
find out the latest organisation structure and
the future improvement scope
The enterprises will have to asses in details
what they actually desire. The organisation
will have to decide what actually they want
and what their future goals are. The future
goals of the project depends on the strategy
thy will take now. The business analyst will
assist in taking critical decisions. The
management team with the help of the
project methodology can be able to
enhance the business operations of the
Harrison, F. and Lock, D., 2017. Advanced
project management: a structured approach.
Routledge.

4PROJECT MANAGEMENT METHODOLOGIES
Topic and reading
samples.
Your personal learning outcomes
from this unit.
Learnings from your experience. Supporting documentation including
your prior learnings.
organisations. The project methodology can
improvise the business operations of the
company. Prince2 can bring them immense
benefits to the enterprises. There are
several themes of Prince2 like the project
risks, project plans, project quality, and the
project progress. The Prince2 methodology
also comes with principles like the
continued project justification, project roles
and responsibilities, learning lessons,
managing by sessions and at last managing
by exception. The project plan will be
developed by the project manager in
accordance to the project deliverables. The
procedures associated with project delivery
are project initiation and proper direction of
project. The project manager will have to
take up the responsibility to manage the
stage boundary of project and the delivery
of the project. At the end comes the project
closure. It is the responsibility of the
business analyst to make the critical
decisions so that the business performance
can get improvised. They must
communicate with the stakeholders as
effective communication can assist in
conducting the business activities both
ethically and efficiently. The decision
making as well as the effective
communication must be accountable for the
project. The project manager as well as
business analyst must facilitate the cross-
functional integration.
Project Management From this unit Iearn that the project manager The project manager and the stakeholders Fuller, M.A., Valacich, J.S., George, J.F. and

5PROJECT MANAGEMENT METHODOLOGIES
Topic and reading
samples.
Your personal learning outcomes
from this unit.
Learnings from your experience. Supporting documentation including
your prior learnings.
Methodologies
PPMP20009
Week 7 Lecture
Presentation
must focus on the project deliverables and the
project methodologies. According to me, They
can be able to bring organised structure, they
can be perform the business activities with
efficiency
of a particular project are bound to follow
the project methodologies. The project
methodologies will bring a structure and
will assist them in performing the project
ethically and efficiently. The project
managing and the business analyst will have
to analyse whether the project is aligned to
the project objectives or not. They will have
to adopt a certain project methodology that
will help them to perform the project
methodologies. Prince2 is one such
methodology that can help them to
accomplish the project within the fixed
deadline. The regulations and the policies of
the Prince2 can assist them in conducting
the project methodology perfectly, in this
way they can finish the project ethically and
efficiently. The project manager must
design the organisation PM. The
organisation PM defines the procedures of
the project maintaining the constant format
of documentation. The project
methodology is associated with certain
governance policies. The project manager
by following the governance policies can be
able to maintain continuous management
of the project. The continuous management
policies also aids in decision making. The
project manager by following the project
methodologies can be able to accomplish
the task activities timely. The project
manager before assigning the project
stakeholders to the stakeholders must
assess the project stakeholders’ skills and
the experts. If the stakeholders of the
Schneider, C., 2017. Information Systems
Project Management: A Process and Team
Approach, Edition 1.1. Prospect Press.

6PROJECT MANAGEMENT METHODOLOGIES
Topic and reading
samples.
Your personal learning outcomes
from this unit.
Learnings from your experience. Supporting documentation including
your prior learnings.
project are skilled enough then the project
will be completed within the given
timeframe with efficiency. Thus, initially the
project manager will have to analyse the
project deliverables, after that he will have
to analyse the project stakeholders. Again,
the project consists of gaps The gaps must
be assesses with care and the project
manager and the business analyst will have
to find out any gaps. They must take up the
intervention strategies, must analyse the
project manager and the project manager
and the project manager and the analyst
the project and the project manage and the
project. They must analyse the project in
terms of the SMART objectives. The SMART
goals consists of the Specific, Attainable,
Time-Focussed, Results and the
Measurable. The project manager will have
to analyse the risks and must mitigate the
risks.
Project Management
Methodologies
PPMP20009
Week 8 Lecture
Presentation
From the presentation I come to know that
the project manager and his team must work
in accordance to the deliverables and must
accomplish the project in accordance to the
clients’ demands. In this way they can achieve
the best result for the project
The project manager prepares the project
plan. The stakeholders assigned for the
project will have to work in accordance to
the project objectives. They can follow the
Prince2 methodology; the Prince2
methodology can help them to perform the
business objectives in an organised way.
The stakeholders of the project can be able
to know what they will have to do now. The
WBS explains all the project activities in
details. The project plan prepared by the
project manager contains the list of
activities along with start date, end date
Heldman, K., 2018. PMP: a project management
professional exam study guide. John Wiley &
Sons.

7PROJECT MANAGEMENT METHODOLOGIES
Topic and reading
samples.
Your personal learning outcomes
from this unit.
Learnings from your experience. Supporting documentation including
your prior learnings.
and project dependencies and the project
budget. The stakeholders appointed should
follow the project methodology as well as
they must follow the project
methodologies. In case of software project
they can carry out the following steps-
initiation, Planning, system concept,
analysis, design and the development.