Impact of Project Management Methodologies on Business Objectives

This report examines the application and impact of various project management methodologies—PMBOK, PRINCE2, Agile, and Six Sigma—across three different organizations (A, B, and C). Organization A, focused on technology projects, is recommended to use PMBOK for its structured approach and suitability for a low-cost manufacturing plant in Brazil. Organization B, a construction project company, benefits from Agile methodology due to its adaptability in managing risks and assessing project viability. Organization C, providing financial services, is recommended to implement Six Sigma to enhance its performance through continuous improvement and resource optimization. The report provides a detailed analysis of the methodologies, their advantages, challenges, and implementation steps, offering insights into how each methodology aligns with the specific objectives and operational environments of the organizations.

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

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Introduction
In the area of project management, there are various types of projects. Based on the
projects, there are different business industries. Whatever the project types and the industries are,
the selection of a proper project management methodology is very important. Project
management methodology refers to the handling of the different types of activities required for
completing the projects. In each and every type of projects, the success rate is highly dependent
on the selection of the project management methodology. If the chosen method is not proper,
then the organization may not have the desired level of success in their goal (Kerzner and
Kerzner 2017). The project management methodologies are associated with management of the
scope of the projects, total execution plan, budget plan, time schedule, management of the risks
and the delivery of the end product. There are several project management methodologies
available in the concerned field differentiated by the process execution (Marcelino-Sádaba et al.
2014). The selection of the project management methodologies are dependent on the types of the
projects or the area of the project work. In order to select a proper methodology, it is very
important to understand the impacts, advantages and challenges associated with the different
types of available methodologies.
In this paper, three project management organizations have been chosen for analyzing the
impact of three different project management methodologies on the business objectives of the
organizations. The organization chosen for the analysis are organization A, B, C. All the three
organizations are conducting their business in the area of the management of the different types
of projects. The sizes and organizational structures and operating environment are different for
the three selected organizations. Three different project management methodologies have been
selected for the three organizations and the impacts have been analyzed in this paper.

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Project Management Methodology for organization A
The organization A is dealing with the different types of technology related project
works. The company is working on the manufacturing of the high technology products. The main
objectives of the business of this organization is to grow the market over the northern and
southern region of America and Brazil. The association is wanting to set up deals and promoting
division for setting up an ease and cutting edge producing plan. For doing as such, the
association needs a quick execution of task administration approach and foundation of a
neighbourhood venture group. The association right now has 2100 representatives and has home
office in USA. The organization produces abnormal state tech and high volume memory chips.
The association is presently utilizing the ability Maturity demonstrate reconciliation system. An
appropriate undertaking administration strategy is to be recommended for the association so it
can without much of a stretch set up a minimal effort and the cutting edge fabricating plant
alongside a neighbourhood venture group.
The execution of venture administration procedure is thought to be an administration
level movement as the decision of undertaking administration philosophy decides the effective
usage of a task. The decision of undertaking administration procedure for the most part relies
upon the venture trough or the program supervisor of the association as they have a nitty-gritty
information about the diverse task needs (Špundak 2014).
The point of this association is to set up a cutting edge and an ease plant. Keeping in
mind the end goal to set up a minimal effort plant, it is exceptionally basic to actualize the task
with appropriate observing, which is a normal for both PRINCE2 and PMBOK venture
administration system (Terlizzi et al. 2016). PRINCE2 is a procedure based strategy that was

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produced by the Office of government Commerce in UK and is received universally, while
PMNBOK is created by the undertaking administration establishment and is a manual for
venture administration Since this task administration system is broadly utilized over the world, it
would be less demanding for the neighbourhood group of Brazil to embrace this approach
(Schwalbe 2015). This will helps in simpler venture execution. This task administration strategy
starting at now can be actualized just for the Brazil venture as it needs to build up a
neighbourhood venture group and an ease venture plant.
The usage get ready for this venture and the picked procedure is to isolate the whole task
in certain reasonable units. The PMBOK approach depends on five standards, subjects and
procedures that can be custom fitted as indicated by the requirements of the undertaking.
Consequently, this undertaking technique is proposed for association as it has various custom
fitted goals, which incorporates improvement of a cutting edge plant in a minimal effort
(Hornstein 2015). The PMBOK venture approach guarantees that the undertaking is actualized in
a controlled domain as per the task design and in this manner it would not be an issue to build up
a cutting edge and minimal effort fabricating plant in Brazil. The PMBOK is decided for this
undertaking since one of the limitations of the venture is to build up a minimal effort venture. In
any case, in PRINCE2, since every period of the task is actualized in a controlled domain, the
stages wind up extensive and exorbitant. Time taken to execute the venture is expanded also.
In any case, there are sure issues that the association may experience while actualizing
the venture utilizing the specific undertaking approach. There are sure hidden issues related with
the utilization of PMBOK. It just fills in as a guide or control for venture administration and may
not make a difference to a wide range of undertaking. Along these lines, this procedure is
recommended just for this specific task. Another issue that is confronted while executing a task

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utilizing PMBOK is that the venture neglects to acknowledge any change ask. There is no extent
of progress after the venture has begun its execution (Martinelli and Milosevic 2016). With a
specific end goal to address this trouble, it is suggested that a completely checked task design is
set up toward the start of the undertaking.
There are various advantages that will add to the association A with the decision of this
specific undertaking approach. The utilization of PMBOK venture strategy ensures the
auspicious conveyance of a task, which is an unquestionable requirement for this undertaking.
Since PMBOK is worked around an arrangement driven approach of task usage (Nicholas and
Steyn 2017).
While picking this specific venture technique, it is expected that no adjustments in the
undertaking extension will happen while usage of the task. It is likewise accepted that the nearby
venture group that will be set up has a sound information about PMBOK (Turner 2016). This
undertaking is thought to be a venture with low level vulnerability and in this manner PMBOK is
thought to be the best task technique for this specific task of association A.
Project Management methodology for organization B
The organization B is a construction project company. The organization chief was for the
most part worried because of addition in the quantity of ventures that is by and large embraced. It
is discovered that this undertaking can by and large upgrade budgetary dangers inside the
association. Thus light-footed venture administration procedure is essentially proposed to the
association that will for the most part suit for surveying dangers and for permitting the
authoritative group for investigating suitability of every one of the undertaking at each phase
before continuing to the following phase of the task (Heldman 2018). It is recognized that usage

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of venture administration philosophy is by and large considered as one of the administration
level action as the undertaking administration procedure is executed inside an association with
the assistance of the higher experts of the association (Sánchez 2015). The general population
who are included inside the task predominantly incorporate the venture supervisor and in
addition different individuals from the higher experts of the association.
Truly, the lithe undertaking administration strategy is executed completely inside
association B. This is mostly reflected with the assistance of the means that are for the most part
utilized for executing the coordinated task administration philosophy. The means required inside
coordinated venture administration philosophy are talked about. The initial step manages
foundation of administration body. It is distinguished that the dangers or difficulties that the
association B is confronting is predominantly because of the change administration endeavors
and it is very fundamental to track and also dodge the dangers. For this legitimate collaboration
with the partners and additionally clients of the association is directed. Open correspondence and
additionally joint effort is considered as one of the key standard in the usage of deft technique.
The second step of actualizing light-footed system characterizes emphasis. The venture errands
must be broken and additionally allocated to various people for choosing what the course of
events is required for effectively completing the task (Svejvig and Andersen 2015). It is
discovered this for the most part helps in permitting legitimate incremental advance while
following hindrances and additionally conditions.
In the third step, gatherings are held. Consistency and additionally correspondence by and
large aides in upgrading the achievement of an undertaking and this day by day stand up is
considered as of the open door for the ream part to discuss about the detours that they essentially
anticipate for finishing the venture errands. In the remainder of actualizing deft philosophy, run

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review are finished. It is important to survey the progressions that is done in the present stage
before moving to the following (Serrador and Pinto 2015). This ceaseless learning cycle helps
with refining forms and for the most part contributes for future achievement.
The dangers that is looked in actualizing the deft task administration approach inside
association basically incorporating trouble in discovering master that have legitimate information
of spry system, keep up level of correspondence inside the venture group, brining change inside
the present procedure of the association. Moreover, hazards because of newness of outer
divisions can happen inside the association.
So as to address the troubles that is looked in endeavoring the philosophy it is very
important to mirror the reasons that are behind the difficulties. The difficulties are tended to by
mirroring the learning of the specialists, size of the group, changes are hard to address and
additionally newness of methods that is available inside the outer offices (Thiemich and
Puhlmann 2013).
It is distinguished that there are number of advantages of light-footed undertaking
administration approach because of which it is utilized as a part of association B. The utilization
of dexterous task administration procedure helps in settling the dangers that the association B
faces. This philosophy likewise helps in inspecting practicality of each phase of the venture
before moving to the following (Boyle 2017). Likewise, the utilization of lithe venture
philosophy additionally helps in improving task control, consumer loyalty and item quality.
Project Management methodology for organization C
The association C for the most part helps in giving number of money related
administrations and in addition guidance in territory including tax assessment, budgetary

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arranging, finance administration and in addition retirement arranging. The association is
particularly certain that they are getting great outcome yet the association is for the most part
searching for an undertaking administration system for enhancing their execution. In this way,
the chose venture administration system for association C is six sigma. It is discovered that the
administration of the association will by and large get included with the execution of Six-sigma
strategy inside the association C.
It is discovered that the six-sigma technique is actualized completely, which is for the
most part reflected with the usage step that is fundamentally trailed by the association. It is
discovered that in the initial step the association C requires to execute legitimate ceaseless
change activity inside the association. In the second step, the assets of the task are appropriately
allotted and after that the exercises of the venture are organized (Lianying, Jing and Xinxing
2012). After the prioritization of exercises, the association set up appropriate proprietorship by
designating venture advisory group who is principally in charge of the whole group of the task.
Legitimate administration should be kept up for setting up appropriate business quality
committee who for the most part helps in settling obstacles related with the business. In the last
advance of Six-sigma usage, remunerates and additionally acknowledgment assumes an
awesome part in guaranteeing that the undertaking team is satisfied (Stare 2013).
The difficulties that the association primarily faces because of the usage of Six-sigma
system inside the association for the most part incorporates absence of authority responsibility,
inappropriate comprehension about the strategy, and poor execution because of incapable
initiative. It is very troublesome for venture administration philosophy to grasp six sigma, as it
for the most part needs legitimate speculation of time in leading procedure change extends and

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additionally in preparing workers (Manville et al. 2012). Usage of six sigma for the most part
requires time for completing it effectively.
The troubles that is looked in endeavoring the execution of Six sigma approach for the
most part incorporates complainants, challenges with the general population and additionally
challenges looked amid usage. In a large portion of cases the difficulties that is predominantly
looked amid usage is essentially mirrored that the characterized extension is off base,
nonattendance of appropriate assets and in addition trouble in grasping time (Obrutsky 2015).
The difficulties can likewise be tended to by mirroring that the time that is required for
actualizing six-sigma philosophy is colossal.
The principle focal points of six-sigma venture administration system is that it helps in
enhancing the execution of the business. Because of the usage of sig sigma, the quantity of
disappointed clients of the association will by and large be decreased. The instruments and
procedures that are related with six sigma by and large helps with building up the representatives
of the association (Pyzdek and Keller 2014). Moreover, the use of six sigma helps in lessening
the deformity rate and helps with diminishing the quantity of providers inside the whole
business.
Conclusion
The paper gave a diagram of the reasonable task administration process that is should
have been attempted by three distinct associations so as to effectively actualize the undertakings.
The utilization of legitimate undertaking technique guarantees fruitful execution of a venture and
consequently recognizing a specific strategy for a specific task is a perplexing errand. It is for the
most part the duty of the undertaking supervisor or the program director to pick a specific task

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philosophy. Since the point or objective of each task is unique, the utilization of venture
administration procedures contrasts from undertaking to extend. For picking a precise task
administration approach, it is exceptionally basic to appropriately assess the undertaking needs.
For association A, PMBOK manage is picked as the organization will take the assistance of their
own staffs and in this manner, a legitimate direction for venture usage is fundamental.
Accordingly, PMBOK direct is picked as a precise venture strategy. For association B, the
dangers related with association were should have been tended to and along these lines nimble
philosophy is picked. For association C, ceaseless change was essential and in this way Six
Sigma approach is picked.

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Appendix:
Figure 1: Approach of PMBOK project management methodology

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Figure 2: Approach of AGILE project management methodology

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Figure 1: Approach of SIX SIGMA project management methodology