Assessment 3: PROJ6000 Project Management Presentation - Methodologies

This presentation provides a comprehensive overview of project management, addressing key processes, methodologies, and knowledge areas essential for project success. It begins by defining project management and outlining its various phases, including initiation, planning, execution, performance control, and closure. The presentation then delves into critical knowledge areas such as project integration, scope, time, cost, quality, risk, communication, and human resource management. It explores different project management methodologies like Waterfall, Agile, Scrum, and Lean, highlighting their characteristics and applications. Furthermore, it covers important aspects of effective project management, including selecting the right topic, utilizing proper measurement methods, and implementing efficient team structures with clear communication and risk management strategies. The presentation also mentions various project management tools and discusses the benefits of effective project management, such as improved performance and resource prioritization, while also addressing the reasons behind project failures. Finally, the presentation concludes with a list of references supporting the information provided.

Project management
methodologies

Project management
• Project management includes
planning the project effectively
• Includes proper budgeting and
scheduling
• there are different
methodologies for the purpose
of developing the project
management
• The different methodologies
includes waterfall, agile, scrum
and lean

Phases of project management
• Project initiation
• Project definition and planning
• Project execution phase
• Project performance and control phase
• Project closure phase

Knowledge areas of project
management
• The basic project
management knowledge
includes the following areas:
• Project integration
• Proper scope management
• Effective time management
• Cost and quality management
for the purpose of carrying
out the project successfully
• Risk management within the
project
• Communication management
• Human resource management

Methodologies of Project
management
• Project management
methodologies can be of
different types:
• Waterfall- this includes
planning the project fully
and then executing
through the help of
different phases
• Scrum- enables the
small projects to carry
out successfully that can
deliver results quickly

Agile methodology
• Agile methodology:
offers collaboration
for the purpose of
making iterative
delivery
• Offers better
customer
collaboration
• Responds
effectively to the
changes

Important aspects for
project
• In order to proceed
with having an
effective project
management it
becomes essential to
select a proper topic
and proper
measurements
methods:
• Cost benefit ratio
• Economic model
• Discounted cash flow
• Net present value

Factors behind project success
• Efficient team with people who
have great knowledge regarding
the project management and
can schedule task efficiently.
• Preparing thee plan smartly so
that they can ensure better
performance
• Imposing proper communication
between the team members
• Proper risk management within
the organization

Project management tools
• There are several
project management
tools that helps in
leading a project
successfully.
• The available tools
for making a project
successful includes:
• Jira
• Pro Workflow

Benefits of effective project management
• Improves the performance
• Ensures that proper
benefit is obtained
towards the project
members
• Helps in prioritizing the
business resources
• Ensures that the project
scope is clear towards the
team members
• Project gets executed
within the prepared
budget and can be
completed based on the
schedule

Reason behind project
failure
• In order to execute a
project effectively there is
a high need to manage the
activities. However there
are some constraints that
leads to project failure that
are described below:
• Project scope defined
poorly
• Improper risk management
• Lack of communication
process

References
• Gechbaia, B. A. D. R. I., & Bakhtadze, A. R. M. A. Z. (2015).
Teamwork Principles of Modern Maanagement. Global
world: scientific almanac, 1, 50- 52.
• Amini, R. A., & Latief, Y. (2018, January). Development of
Risk-Based Standardized WBS (Work Breakdown Structure) for
Quality Planning of Road Construction Project. In 8th
International Conference on Industrial Engineering and
Operations Management, IEOM 2018 (pp. 2593-2602). IEOM
Society.
• Eskerod, P., & Jepsen, A. L. (2016). Project stakeholder
management. Routledge.
• Kerzner, H. (2017). Project management: a systems approach
to planning, scheduling, and controlling. John Wiley & Sons.