Analysis of Project Management Methodologies for Organizations

This report provides an analysis of different project management methodologies, specifically PRINCE2 and Agile, and their suitability for various organizations. It examines Organization A, a technology service company, recommending PRINCE2 for its structured approach and emphasis on business justification, product-based planning, and stage control. Organization B, a construction company, is analyzed with a recommendation for Agile methodology due to its flexibility, iterative development cycles, and focus on customer satisfaction. The report details the key principles and phases of each methodology, highlighting their benefits in terms of risk management, quality improvement, and return on investment. The importance of selecting the appropriate methodology based on the organization's specific needs, challenges, and project goals is emphasized, ensuring project success and alignment with business objectives. Desklib provides access to a variety of study tools and solved assignments for students.

Running head: PROJECT MANAGEMENT METHODOLOGIES
Project management methodologies
Name of the Student:
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Table of Contents
Introduction..........................................................................................................................2
Identifying project management methodology for the organizations..................................2
Background of the Organization A......................................................................................3
Selected project management methodology........................................................................4
Background of Organization B............................................................................................6
Selected project management methodology........................................................................7
Background of Organization C............................................................................................9
Selected project management methodology......................................................................10
Conclusion.........................................................................................................................11
References..........................................................................................................................13

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Introduction
Project management methodologies can enable the organization tackling the projects
comprehensively, systematically as well as integrated way for acceptable risk. It provides
advantages in strategic, tactical as well as operational level. The methodologies are essential in
order to provide confidence to the consumers, partners. It makes sure that early recognition as
well as makes correction of the issues. At the operation level, the methodologies by which the
organization can empower the project team processing the appropriate things in order to enable
the enterprise delivering cost effective, schedule compressed solution.
On the other hand, the procedure of transmitting innovative ideas as well as advancement
in invention of the products along with services that can create high-level values for which the
customers’ pay are referred as business innovation. The study deals with different project
management methodologies, which are required for successful deployment of business plans. In
the study, the selected organizations are Organization A, Organization B and Organization C.
The role of project management consultancy has an important value with advisory project
management methodologies.
Identifying project management methodology for the organizations
Binder (2016) stated that identification of suitable project management methodology is
important to be considered for the selected organization. It has been found that acknowledgement
of managerial as well as functional activities for the organizations are facing specific issues. The
way through which, it can be helpful for proper project management methodologies regarding
the issues, which can be eventually resolved in the report. On the other hand, the role of business

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owners considering all essential factors those are helpful for the organizations in order to obtain
effective measurable revenues as well as business success. In case of innovation ideas that are
widely replicated at affordable cost. Business innovation comprises deliberate application,
imagination as well as initiatives helpful for distinctive business organizations in order to derive
better values from distinctive resources.
By analyzing the scenario, there are specific business organizations that are facing
several operational issues due to inappropriate selection of project management methodologies.
Hence, the role of project manager or project consultant is selecting proper and suitable project
management methodology in order to drive business towards gaining success.
Background of the Organization A
Organization A is a technology service company. It deals with manufacturing high-tech
as well as high-volume memory chips. There are 2100 employees worked for the company. It
helps to develop the markets in North as well as South America. The organization is based on
the USA (Joslin and Müller 2015). It has developed into one of the largest technology services in
the USA. The headquarter of the enterprise based on the USA. The major purpose of the
organization is delivering exceptionally proper quality products as well as services to the
customers. The objective of the organization is becoming one of the largest technology-service
provider organizations. Moreover, Organization A is obsessed, inspirational, collaborative,
responsible and quality. Hence, the organization focuses on developing customer-focused system
and the store can led the culture and team in order to enhance revenue of the business.
The core elements of the organization deals with fixing a project basic as well as
delivering core customer offers along with creating advantageous future. Quality, quantity as

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well as affordable price are considered as the major factors expected to become regular and
permanent customer (Hornstein 2015). In addition, Organization A is not supportive in nature for
inappropriate development strategy at commercial revenue of the organization that is interrupted
every time. In addition, the government of Australia is restricted the organization by increasing
prices of the products. The competitors of the organization A are increasing.
Selected project management methodology
Different project management methodologies are PMBOOK, PRINCE2 and agile
methodology that are widely utilized by business organizations in order to add values as well as
increases overall reputation of the organization. For this specific project, the selected project
management methodology is PRINCE2. The tools include five distinctive phases like
justification of business, developing structured project management team. The products based
approach as well as division of the projects is based on the controllable stages along with
appropriate level of flexibility.
PRINCE2 is a process-based method for managing project effectively. The methodology
is a factor standard utilized by the UK government. It is recognized as well as practiced in the
private sector in the UK as well as internationally. The project manager takes responsibility of
organizing as well as controlling (Marcelino-Sádaba et al. 2014). They will select people do the
project work ensuring the process done properly on time. The project manager reports daily basis
to the board of the project. On the other hand, the project board provides essential decisions.
The project assurance provides a proper view for processing a project. On the other hand,
user assurance is monitoring and keeping the plans up-to-dated. In addition, PRINCE2 provides
a common language across interested parties. PRINCE2 is explained that several types of the

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project need to be managed effectively. Therefore, PRINCE2 assists to work and engage with the
responsibilities. The good projects can deliver the projects with best quality result and on-time
budget.
If the phases of project management methodology are followed accordingly, then it is
required to be able reaching estimated objectives (de Carvalho et al. 2015). Considering the
upcoming projects for the selected organization is implementing supply chain management
system.
Start up a project: Before initiating the project, the team members of project
management need to consider the process of pre-project. Before making initiation of the
appropriate project actions, it is required to adopt designing the project budget as well as overall
time for successful deployment. Hence, based on the allocated data in the initiation phase, it is
required to clear the process and gather additional changes that need to be considered at the time
of running phase of the particular project.
Planning phase: After initiation of the project, the project phase is planning phase. In the
particular phase, the team members need to focus on planning proper risk management plan,
procurement management as well as contingency management plan. In addition, time and budget
management plan are also including in this.
Structuring product based approach: It has been found that the aim of the organization
is delivering quality as well as on-time services to the customers (Sánchez 2015). The project
needs to be planned in a particular way so that it helps to gram the number of customers as well
as retaining

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Stage of control: Svejvig and Andersen (2015) commented that the role of project
manage is minimizing workload and distributing among project team staffs so that projects are
completed within the estimated budget as well as time. The stages of project need to be designed
as well as segmented in a way that can be managed easily.
Flexibility plan: During the project, changes are needed to gain project success. Hence,
the project managers need to be incorporated essentially with the actions as well as mechanism.
As a result, the desired change is incorporated to the phases of project development. Hence, the
project manager needs to be incorporate with essential actions as well as mechanisms so that the
changes are incorporated to the development phase of project.
Closure: The phase of flexibility is none compared to the process of monitoring as well
as controlling phase (Serrador and Turner 2015). The closure phase of the project methodology
deals with signoff, submission of project document along with post maintenance plan.
Background of Organization B
Organization B is a construction company group headquartered in Paris, France. The
company is construction-based organization. It is working on European-government
infrastructure project (Mir and Pinnington 2014). There are 300 employees working in the
company. In order to increase the number of infrastructure, the projects are undertaken by the
company in Europe. On the other hand, the director of the company insists on a business that
makes ease to be presented for each of the projects undertaken by the organization. The services
are delivered by the organization within the time. The organization is defined as the enterprise
with optimist technologies and results good business values as well as competitive benefits. The
vision of the organization is delivering secure, reliable as well as unparallel construction services

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to the customers with affordable cost (Badewi 2016). The organization is facing issues regarding
effective program management and the issues that can be eventually resolved the issues entirely.
In order to incorporate effective project management, an accurate and suitable
methodology would be helpful to the organization. There are specific issues that can interrupt
and has impact on the success of the organization. The issues are as followed.
 The demand of the organization is increasing whereas the costs are decreasing
 The rules of the organization are entirely convergence in nature
 Lack of defense line
The above statements are the issues faced by the company.
Selected project management methodology
In order to develop plan for the project, the project manager as well as project team
members need to maintain agile project management methodology. Hence, it can be stated that
whether the phases of project management methodology are properly maintained as per the
organization meeting project success easily and avoid risks (Golini et al. 2015). The phases
included in agile project development methodology are as followed: envision, explore, adopt,
speculation as well as close. With the process of adopting agile project management, the
organization needs to be able generating high quality products and satisfying the customers. In
addition, it increases the level of control among the particular phase as well as minimizes the
level of risks. Thus, successful deployment as well as application of agile project management
methodology, the rate of return (ROI) can be increased along with visibility of the project get
improved.

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Agile is a project management methodology. It uses short development cycles that is
called as sprints in order to focus on constant enhancement plan in the development of product
(Berssaneti and Carvalho 2015). The key principles of agile project management methodology
can guide agile project management.
 Satisfaction of the customers is considered as the highest priority as well as
achieved by rapid as well as continuous delivery
 Face-to-face meetings can be deemed as the most efficient as well as effective
format for getting success in the project
 Agility can be improved through constant focus on the technical excellence and
appropriate design (Huemann and Ringhofer 2018)
 Sustainable development can be accomplished by the agile procedure and
development of appropriate methodology
 In this methodology, simplicity is considered as one of the most essential
components
Agile project management is revolutionary methods that introduce practice of project
management. It is one of the largest project management strategies that can be applied to the
practice of project management in the field of software development. Hence, it is considered as
the best way to relate agile project management in order to process in software development.
Hence, adopting agile project management to the software development process at the time of
comprehending it needs to be considered. Inspecting software development process as a business
and procedures following like waterfall model is including in it. Hence, more flexible software
development models are needed for addressing agility of the requirements. It results information
technology community developed agile software development models.

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The agile process is helpful in addressing agility of the requirement. It results that
information technology community has been developed for agile software development models.
Agile development model is distinctive model from the convention method and specialized areas
in the project management. Hence, it is required to manage the process and required for good
understanding in agile development process. The agile project team follows the communication
techniques as well as tools that can enable the team members in order to express views as well as
feedback. The element are taken as consideration in order to express views as well as feedback
openly as well as consideration during shaping the demands as well as deploying the software.
Thus, adoption of agile methodology can be helpful to get project success. Agile can
ensure company-wide procedure as well as methodological alignment. It helps to increase
flexibility, productivity, transparency as well as high quality deliverables. In addition, it
decreases risk of the missed objectives. Adoption of the methodology can be helpful to increase
stakeholder involvement as well as satisfaction.
Background of Organization C
Organization C is a financial service based organization that is well-established and
matured organization. The organization is established 11 years ago. The company is based on
Australia. The enterprise has a successful business model. However, it looks enhancing project
delivery capabilities (Ramazani and Jergeas 2015). The organization is headquartered in
Australia. From the market level analysis, the financial service has been found that global
development of the organization is better in 2017 compared to others. In addition, the domestic
issues as well as risks are relayed to the customers in global backdrop. On the other hand, the
synchronized global uptum for the organization has long-term sustainability. In addition, the

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rising trade of the organization, capex as well as job can indicate that success of banking
produces from share prices of major operations. In addition, the difficult level of competition is
due to the patterns of financial services, which is facing several issues in different level.
The Organization C is one of the financial services that gave positive impact on the
customers. In addition, the positive impact comprises of development in income as well as
development in the level of cost (Martinsuo and Killen 2014). The organization is informed that
the cost has impact on income rate as well as most of the analysts expect as negative territory.
The project management consultant will recommend that the organization C is facing resolved
the issues (Chemweno et al. 2015). Hence, with successful adoption as well as deployment of
project management methodology will be able to obtain new customers as well as retain existing
customers. In addition, the organization will be able to obtain effective revenue as well as
successful competitive benefits from the market place. Based on the background of project, the
suitable methodology need to be adopted along with details of the resultants described below.
Selected project management methodology
In order to develop the project for the selected organization, the project managers need to
follow scrum project management methodology. The particular phases of project management
methodology are executed as the outcome of the entire project will be failed. Thus, in order to
keep team members of the project involved with their jobs, their roles within the issues of project
of the organization will be minimized completely.
The major activity involved with Srrum project management is sprint in a time-boxed
iterations, which generally lasts between 1 to 4 weeks (Calvo-Mora et al. 2015). Sprint the
planning meeting phase deals with the system that holds discussing work to be done. (Acebes et

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al. 2014). In this perspective, daily scrums can serve synchronizing the work into several
procedures.
The particular methodology assists the team in order to complete the deliverables of the
project as well as efficiency. In addition, it ensures effective use of time and money. The large
projects are divided into various segments with project management methodology. However, it
can drive the particular project for making fast development (Marcelino-Sádaba et al. 2015). On
the other hand, the project team can obtain clear visibility with scrum project-management
methodology. In addition, the project will be deployed and coded as well as get clear visibility
with scrum PMM. The project developers as well as testers during implementation phase of the
project assists to apply Scrum project management methodology. Using Scrum project
management methodology to mange delivery of software comes under agile project management
(Teller et al. 2014). It provides lightweight procedure framework embracing iterative as well as
incremental practices. Thus, helping project management with the help of lightweight procedure
can be helpful to make the process of iterations called as sprints. Scrum is proven as widely
adopted method in order to achieve software agility.
Conclusion
From the discussion, it can be stated that the application of appropriate and suitable
project management methodologies include the issues, which are selected by the organization.
Organization A, Organization B and Organization C are facing will be resolved completely.
After analysis of the detailed background of the organizations the project management
methodology are essential. It is found that managerial, operational as well as functional
activities are stronger. Hence, the organizations are facing specific business level risks. The