Project Management Methodologies Comparison and Analysis - Report

This report delves into various project management methodologies, offering a comparative analysis of their applications and characteristics. It begins by introducing the concept of project management methodologies and their significance in guiding project operations, ensuring efficient task completion, and addressing potential challenges. The report then explores key methodologies such as PMBOK, Agile, PRINCE2, SDLC, and Waterfall, detailing their core principles and processes. It highlights the differences between Agile and Waterfall models, emphasizing the flexibility and iterative nature of Agile compared to the more structured approach of Waterfall. The report concludes by selecting Agile as the preferred method, particularly for its adaptability to changing requirements and accelerated development schedules. References to relevant literature support the analysis, providing a comprehensive understanding of project management practices.

Running head: PROJECT MANAGEMENT METHODOLOGIES
PROJECT MANAGEMENT METHODOLOGIES
NAME OF THE STUDENT
NAME OF THE UNIVERSITY
Author’s Note

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Table of Contents
Introduction..........................................................................................................................2
Project Methodologies and Processes..................................................................................2
PMBOK...........................................................................................................................2
Agile................................................................................................................................2
PRINCE2.........................................................................................................................3
SDLC...............................................................................................................................3
Waterfall..........................................................................................................................3
Difference between Agile and Waterfall Model..................................................................4
The Selected Method...........................................................................................................4
References............................................................................................................................5

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Introduction
Project Management Methodologies are a sequence of various project operations
designed to help the project managers to deal with the project in the scheduled order. The main
aim of these methodologies is to finish the tasks as faster as possible with making new strategies
and along with handling the problems that occurs in between (Tipaldi et al., 2013). It guides
throughout the total project and offers to meet the goal from the very beginning of the project to
its finish time. Methodologies specify which task to be process after which task to utilise the
most of the resources within less time. The design outlines the task that needed to be completed
first and taking it in the mind of the previous tasks that is dependable to the current task. It also
requires taking up risk management strategies for dealing with the problems that occur in
between (Schwalbe, 2015). These techniques in use determines the project’s scope, the time it
will take, resources available and the delivery time of the project.
Project Methodologies and Processes
The following methodologies are the most frequently used in the Project Management:
PMBOK
The Project Management Body of Knowledge or PMBOK breaks the total project into
five groups of processes that are Initiation, Planning, Execution, Controlling and Closing
(Kerzner, 2013). Project Management scholars take PMBOK as a set of standards for the project
management rather that a standalone methodology for the managing the project.

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Agile
The early development of agile methodology was started in the year 2001.It was a
revolutionary concept that was on its way a ground breaking mindset with customer
collaboration delivering valued management (Kerzner, 2013). The main four values are as
follows:
 Collaboration with client for negotiation related to the contract
 Working upon the changes escalated for the plan
 Comprehensive Documentation of the software in-use
 Interactions and Individuals over the tools and processes
PRINCE2
The Projects in Controlled Environments or the PRINCE2 is used by the Government of
the United Kingdom for managing its projects that is uses an approach based on the product
(Gupta, Ahlawat & Sagar, 2017). High-level activities such as business set up or allocation of
resources are handled by the project board while the manager handles the lower level activities
generally the day-to-day schedules. It provides greater control over resources and the ability in
migration of the risks.
SDLC
The Software Development Life Cycle is a conceptual model that is used mainly in
software development projects (Alshamrani & Bahattab, 2015). This method enables the
possibility to combine two or more project management methodologies for the best outcome in
the project. It also follows a strict guideline and emphasizes on the usage of the documentation.

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Waterfall
This is the traditional model of the software development project. This methodology has
been in practice for decades before the new methodologies came (Gupta, Ahlawat & Sagar,
2017). It follows a fixed phases in the development lifecycle and linear timelines. However, it is
not capable handling the challenges int eh modern software development domain.
Difference between Agile and Waterfall Model
The waterfall model is one of the oldest development methods. It does not allow going
back to a previous process and making some changes to them (Gupta, Ahlawat & Sagar, 2017).
However, Agile method that is a Symmetric Process to develop the software application with the
ability to make changes in earlier processes if required.
The Selected Method
At the very beginning as opposed to the waterfall model our selected method that is Agile
focuses more on the tasks and schedules. The critical chain management of the project
methodology is geared more towards solving the problems (Bhar & Sengupta, 2014). This is the
ideal when clients or management needs to be in on the production process, that results in the
changing requirements and drastic shifts in team assignments. Agile project management in
usually ideal for smaller software projects and those with accelerated development schedules.
Thus, concerning all the corners of the method that matches with the one method that we use in
our project. Agile project management is usually ideal for smaller software projects. Therefore, it
is not wrong to say that the one in use is the Agile method.

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References
Alshamrani, A., & Bahattab, A. (2015). A comparison between three SDLC models waterfall
model, spiral model, and Incremental/Iterative model. International Journal of Computer
Science Issues (IJCSI), 12(1), 106.
Bhar, A., & Sengupta, S. (2014). Proto-Spiral: A Hybrid SDLC Model for Measuring Scalability
Early in Development Using a Probabilistic Approach. In Emerging Trends in Computing
and Communication (pp. 235-244). Springer, New Delhi.
Gupta, D., Ahlawat, A. K., & Sagar, K. (2017). Usability Prediction & Ranking of SDLC
Models Using Fuzzy Hierarchical Usability Model. Open Engineering, 7(1), 161-168.
Kerzner, H. (2013). Project management: a systems approach to planning, scheduling, and
controlling. John Wiley & Sons.
Schwalbe, K. (2015). Information technology project management. Cengage Learning.
Tipaldi, M., Götz, C., Ferraguto, M., Troiano, L., & Bruenjes, B. (2013). The Robust Software
Feedback Model: an effective Waterfall Model tailoring for Space SW. Proceedings of
DASIA-Data Systems in Aerospace.