ITC218: Project Management Methodologies - Comparative Analysis

This ITC218 assignment provides a comprehensive analysis of project management methodologies, focusing on Agile and Waterfall approaches. It defines project management methodologies and their role in project success, comparing and contrasting Agile and Waterfall methodologies, highlighting their similarities and differences in terms of sequence, scope, resource requirements, and customer involvement. The report further explores how these methodologies relate to the Project Life Cycle (PLC), detailing the alignment of both Agile and Waterfall to the various stages of a project, from initiation to maintenance. The assignment emphasizes the importance of selecting the right methodology for risk reduction, improved product quality, and effective stakeholder management. Desklib offers a range of similar resources for students.

ITC218 – Assignment 1 – Project Management Methodologies <<STUDENT ID>>
ITC218 Assignment 1 - Project Management Methodologies
Assignment 1 – project management methdologies
STUDENT ID: <<STUDENT ID>>
STUDENT NAME: <<STUDENT NAME>>
SUBMITTED TO LECTURER: ANDREA MUTHU LAKSHMI

ITC505 – Assignment 1 – Project Management Methodologies <<STUDENT ID>>
ITC218 Assignment 1 - Project Management Methodologies
1 Table of Contents
ITC218 Assignment 1 - Project Management Methodologies.........................................1
1. Project Management Methodology Definitions..........................................................2
2. Role of Project Management Methodology in Project Management.........................2
3. Comparing and Contrasting chosen two methodologies............................................3
4. How chosen methodologies related to PLC.................................................................4
4.1 <<Agile Methodology>> aligned to PLC...............................................................4
4.2 <<Waterfall Methodology>> aligned to PLC........................................................5
5. References...................................................................................................................6
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ITC505 – Assignment 1 – Project Management Methodologies <<STUDENT ID>>
1. Project Management Methodology Definitions
1 It can be termed as a set of some activities and steps that are to be followed in a
proper way so that the follower gets benefited by following them (Aston, 2017).
2 It is the process which is required to be selected very cautiously and once selected
correctly the whole risk of the project can be reduced without any effort being made.
3 The practice which have been derived from all past lessons learned and derived to
have certain sequence to complete the project quickly.
4 It is a rule which works in a disciplined way to reduce the overall risk and complete the
project quick.
2. Role of Project Management Methodology in Project Management
1 o If selected properly, then it can get success in reducing the present risks
(Bogue, 2005).
2 o By adopting, the stakeholders of the project will able to increase their product
quality.
3 o It will define stakeholder’s Roles and responsibilities from the beginning of the
project.
4 o The conflict or the other problems will be reduced in the project because they
will be able to do the communication work in a proper way (Stevens, 2014)
5 o This will reduce the workload on the stakeholders by defining them well.
6 o It can provide plan by following which the stakeholders of the project get to
know about their action plans.
7 o It helps the project team members to identify the risks since beginning.
8 o It can help in making the job standard and the management work will become
easy.
9 o It can help in planning the work that stakeholders will do in the project before
the execution of the project.
10 o Stakeholders would be allowed to control the scope of the project so that they
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ITC505 – Assignment 1 – Project Management Methodologies <<STUDENT ID>>
remain satisfied throughout the project life span (Monnappa, 2018).
11 o Proper project implementation can be done due to defined set of activities
from the day 1 itself (Bodepudi, 2018).
12 o From the beginning itself project team members can keep their mitigation plan
ready.
13 o It helps in identifying the needs of the resources
14 o It helps in negotiating better
15 o It helps in setting the milestone goals better
16 o It helps in coordinating activities in a structured way
17 o It helps in keeping the vision clear of team members
18 o It helps in reducing the chances of rising any conflict
19 o It ensures the goals are delivered before the target date
20 o It helps in defining the process for solving any problem
3. Comparing and Contrasting chosen two methodologies
<<Agile Methodology>> <<Waterfall Methodology>>
o The sequence is followed in a loop of
cycles
o Activities are in series
o Within the cycle each task is in series o In overall project all the tasks are in
series
o Scope for improvement of quality in
between the project
o No scope for change in between
project span
o Resource and cost requirement may
go up in between the project span
o It does not entertain such change
o Comments can be incorporated in
between the project span
o No comments can be entertained
o Various meetings with customers are
planned in the project
o No or very few intermediate meetings
are planned
o Modern methodology o Traditional methodology
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ITC505 – Assignment 1 – Project Management Methodologies <<STUDENT ID>>
o Various iterations can be done to
maintain scope.
o Scope is maintained same throughout
the project.
o Activities are planned properly
before the start of every cycle of
iteration
o The planning for the project is done
before the project initiation stage
begins.
o Works in a similar sequence to the
Waterfall methodology.
o Works by following working
sequentially
o All the roles and the responsibilities
are assigned before the beginning of
the project.
o Same as Agile methodology.
o The overall budget may get
increased to fit client’s requirement
o No change in budget can be made.
o No fixed timeline, and the duration
may get increase.
o There is a fixed timeline set in the
project
o The detailed requirement like
waterfall is not required
o All comments are entertained before
the start itself
o No series sequence is maintained o All are in series sequence.
4. How chosen methodologies related to PLC
The life cycle of the project contains a large number of activities from the project's
conception to the delivery to the client and throughout the project lifecycle a large number of
stages and their present in the project.
4.1 <<Agile Methodology>> aligned to PLC
<<Diagram for Methodology 1 >>
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ITC505 – Assignment 1 – Project Management Methodologies <<STUDENT ID>>
Figure: Agile Methodology (SmartSheet, 2018).
<<Textual Explanation of Agile Methodology vs PLC>>
In case of the project management methodology of the agile all the cycles and need to
be initiated, plant, implemented, monitor and control so that the comments that the customers
make can be heptagon feedback for the next cycle of the project so that the main requirement
of the project can be fulfilled (SmartSheet, 2018). All the steps that are taken in the project of
this methodology are reviewed by the experts and the comments are taken as a feedback so
that they can do the development of the project in a better way.
4.2 <<Waterfall Methodology>> aligned to PLC
<<Diagram for Methodology 2>>
Figure: Waterfall Methodology (Gordiyenko, 2014)
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ITC505 – Assignment 1 – Project Management Methodologies <<STUDENT ID>>
<<Textual Explanation of Waterfall methodology vs PLC>>
During the waterfall methodology, all the above-mentioned activities are done in a
systematic manner and once the planning of the project is done in the project in a proper way
by the organization the execution process of the project that started (Gordiyenko, 2014). There
are many six stages in case of the waterfall methodology of project management where the
requirement identification, requirement analysis, designing and constructing, testing, and after
installing comes to the maintenance stage of the project (Kukhnavets, 2016).
5. References
o Aston, B. (2017, March 2). 9 Project Management Methodologies Made Simple.
Retrieved August 1, 2018, from https://thedigitalprojectmanager.com:
https://thedigitalprojectmanager.com/project-management-methodologies-made-
simple/
o Bodepudi, M. (2018, February 1). Roles and Responsibilities of Project Manager &
Project Management Team. Retrieved August 1, 2018, from www.greycampus.com:
https://www.greycampus.com/blog/project-management/roles-and-responsibilities-of-
project-manager-and-project-management-team
o Bogue, R. L. (2005, July 18). Four steps for reducing project risk. Retrieved August 1,
2018, from www.techrepublic.com: https://www.techrepublic.com/article/four-steps-
for-reducing-project-risk/
o Flatworld Solutions. (2016, January 28). 10 Differences Between Agile and Waterfall
Methodology. Retrieved August 1, 2018, from https://blog.flatworldsolutions.com:
https://blog.flatworldsolutions.com/10-differences-agile-waterfall-methodology/
o Gordiyenko, S. (2014, November 3). Software Development Life Cycle (SDLC). Waterfall
Model. Retrieved August 1, 2018, from https://xbsoftware.com:
https://xbsoftware.com/blog/software-development-life-cycle-waterfall-model/
o Kukhnavets, P. (2016, November 24). Agile vs Waterfall: Pros and Cons, Differences and
Similarities. Retrieved August 1, 2018, from https://blog.ganttpro.com:
https://blog.ganttpro.com/en/waterfall-vs-agile-with-advantages-and-disadvantages/
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ITC505 – Assignment 1 – Project Management Methodologies <<STUDENT ID>>
o Kukhnavets, P. (2016, November 23). What Should We Know About Traditional Waterfall
Methodology. Retrieved August 1, 2018, from https://blog.ganttpro.com:
https://blog.ganttpro.com/en/waterfall-project-management-methodology-pros-and-
cons/
o Monnappa, A. (2018, May 10). Project Scope Management: What It is and Why It’s
Important. Retrieved August 1, 2018, from www.simplilearn.com:
https://www.simplilearn.com/project-scope-management-importance-rar89-article
o SmartSheet. (2018). Understanding the Agile Software Development Lifecycle and
Process Workflow. Retrieved August 1, 2018, from www.smartsheet.com:
https://www.smartsheet.com/understanding-agile-software-development-lifecycle-and-
process-workflow
o Stevens, E. (2014, April 30). Reducing Conflict in Your Project Team. Retrieved August 1,
2018, from https://elisestevens.co: https://elisestevens.co/reducing-conflict/
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