University Report: Evaluating Project Management Methodologies

This report examines the effectiveness of project management methodologies, focusing on their application in IT/IS projects. It explores various methodologies such as Agile and PRINCE2, highlighting their advantages and disadvantages. The report investigates the benefits of project management methodologies at strategic, tactical and operational levels, while also addressing challenges like unclear stakeholder expectations and technological changes. Furthermore, it discusses the project lifecycle and the impact of project management methodologies on project outcomes and organisational success. The report concludes by emphasizing the importance of effective project management methodologies for organizations.

MITS5002
N A M E O F T H E S T U D E N T
N A M E O F T H E U N I V E R S I T Y

INTRODUCTION:
For accomplishing the goals and results that
is within a schedule that is defined and a
budget that a project manager uses in the
project. A methodology is also a model that
the managers of certain projects employ for
the planning, design, and implementation of
the project. There are various types of
methodologies of project management that
are used to benefit various projects.

ADVANTAGES OF METHODOLOGIES OF
PROJECT MANAGEMENT:
• Tactical benefit: . It makes sure that the problem is
recognized earlier and the problem is corrected.
• Strategic benefit: This methodology enables the
organization to examine the risks in a realist way and
the difficulties that projects that are large has.
• Operational benefit: This is very important to enable
the organization to deliver the solutions related to the
effective of costs and compressed schedule.

INFORMATION SYSTEM:
• Overall management and planning of the project
• Accomplishing and promoting the support for the
project
• To minimize the works those are duplicate.
• Maintaining of budgets and controlling the costs.
• Make sure about the capability with the
technology that is existing
• Utilize the skills of the team members.

INFORMATION TECHNOLOGY
PROJECT MANAGEMENT:
• IT management of project consists of five
stages of management of project, but an
important difference for project
management of IT is how the lifecycle of the
project is managed. The most common
methodology that is used is the waterfall
methodology. This process involves a linear
procedure that is predictive.

METHODOLOGIES MENTIONED IN THE
ARTICLE:
• Agile: Agile is a software development focussed methodology
of project management. It has emerged due to the failure of
the waterfall model for managing the projects that are
complex.
• PRINCE2: PRINCE2 (Projects IN Controlled Environment) has a
suite of methods that are driven by process and approaches
that are oriented on documentation allow driving different
projects in the private sector.

METHODOLOGIES MENTIONED IN THE
ARTICLE:
• Method B: The method B was used in the information
technology and systems division projects for the delivery
and management of projects.
• Method A: Method A is a methodology that is company-
wide that is developed and designed over a couple of
years thereby outlining the important processes that is
related to the aspects of business that is fundamental.

THE EFFECT OF PROJECT
MANAGEMENT METHODOLOGIES:
• There are various types of project management methods.
Some of the project management methodologies are agile,
scrum, PRINCE2 and many more.
• It has the lifecycle of a project. These days the project
management methodologies are quite advanced as they are
used for projects that are complex and risks are more.
• There are four types of methodologies that are mentioned
in the project. They are agile, PRINCE2, Method A and B.

THE EFFECT OF PROJECT
MANAGEMENT METHODOLOGIES:
• There are four different types of methodologies
that are mentioned in the article. They are
agile, PRINCE2, Method A and B. Among these
four agile and PRINCE2 are quite advanced and
are used in the projects of IT/IS. The other
were back dated and old and cannot be used in
the projects in the present days.

CHALLENGES FACED BY THE
INFORMATION TECHNOLOGY:
• The expectations those are unclear from the
stakeholders, business and the end-users.
• The changing of the technologies that leads to
the upgradation of the mid-project and can
affect the timelines.
• The rework work that is associated and the
offices that are geographically diverse.

CONCLUSION:
• The paper focuses on the project management
methodologies that are used in present
projects. This paper has a detailed discussion
about the roles of the project management
methodologies. The paper also focuses on the
benefits of project management with context
to the organizations.

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