Comparative Study of Project Management Methodologies and PLC

This essay provides a detailed overview of various project management methodologies, including PMBOK, PRINCE2, SDLC, Waterfall, and Agile. It defines methodology as a model used by project managers for designing, planning, and implementing projects to achieve their objectives. The essay discusses the crucial role of methodology in project management, highlighting its importance in framing project plans, performing tasks, and delivering projects successfully. It compares the Agile and Waterfall models, noting their similarities in dividing processes into phases but differing in their structured versus flexible approaches. Furthermore, the essay explores the relationship between these methodologies and the project life cycle (PLC), emphasizing Agile's iterative process and Waterfall's logical progression. Desklib offers students access to this document and a wealth of similar resources to aid in their studies.

Running head: PROJECT MANAGEMENT METHODOLOGIES
Project Management Methodologies
Name of the Student
Name of the University
Author’s note

1PROJECT MANAGEMENT METHODOLOGIES
1. (a) Definition of Methodology
A methodology could be defined as a form of model, which are mainly used by
project managers for the purpose of designing, planning of the entire project, implementation
of the set ideas and thus achieve the objectives of the concerned project. The methodologies
are helpful for project managers at each and every stage of the project that would start from
initiation till the successful completion of the project. Project managers make use of the
perfect project management methodologies for the successful delivery of the project within
the proposed budget. There are different kinds of methodologies that are able to guide for the
developing of the project. Proper use of these methodologies help in guiding within the
context of the project (Turek & Werewka, 2016).
(b) Role of Methodology within Project Management
It is a vital task for a project manager in choosing the perfect methodologies of project
management. The proper kind of methodology would play a major role in framing the plan of
the project, performing the tasks in a diligent manner and delivering of the projects in a
perfect manner irrespective of the project size (Joslin & Müller, 2015). The framework within
the project methodology is very essential for defining the changes for the betterment of the
project. The role of the methodology is also to provide an outline for the projects.
2. (a) Different Project Management Methodologies and Processes
Project Management Body of Knowledge (PMBOK) – This methodology describes
the theories and the various learning prospective related to project management, which
includes the frameworks of practice. The methodology is a set of collection of the best form
of practices within the project, processes, terminologies and some major form of guidelines
that would be accepted as the standards of project management (Rose, 2013).

2PROJECT MANAGEMENT METHODOLOGIES
PRINCE2 – The full abbreviation of PRINCE2 is Projects IN Controlled
Environments. This is a form of methodology, which is primarily based on the critical
processes within the projects that would assist within the effective form of management of
processes within a concerned project.
SDLC (Software Development Life Cycle) – It is also known as the Application
Development Life Cycle. This methodology is primarily used within the systems of
information, systems engineering and also within the various methodologies of software
engineering.
Waterfall – The Waterfall Model is also termed as linear-sequential model. Within
this form of model, each of the phases should be terminated in a proper manner for the
purpose of progressing on to the next phase of the project.
Agile – This methodology is a combination of incremental and iterative process
model. The methodology focusses on the satisfaction of customers with the aspect of faster
delivery of projects within the proper time of delivery.
(b) Comparison of Two Methodologies
Similarities between Agile and Waterfall Model
The Waterfall Model is able to divide the entire process within the projects into
several small phases that would be completed serially. On the other hand, the Agile
methodology proposes the process by which the progress on the development of the project
would be proceeded within the project life cycle (Abrahamsson et al., 2017).
Differences between Agile and Waterfall Model

3PROJECT MANAGEMENT METHODOLOGIES
The Waterfall model follows a structured methodology within the project for
successful development of the project. The Agile model helps in providing a flexible
approach within the development process of the project.
3. Relation of the Methodologies with Project Life Cycle (PLC)
The methodology of Agile follows the iterative process for the development
procedure of the project. It does not focusses on the sequential based approach. There could
be a vast number of requirements within the project development. The Agile methodology is
able to grip the various form of changes within the project based on the development cases.
The team of project development breaks the requirement into different phases or into smaller
segments. This process helps in the easy testing of the smaller segments of the project and
thus enhances an efficient experience of the project delivery (Burke, 2013).
On the other hand, the Waterfall Methodology mainly focuses on the logical based
progression for the purpose of project development. The developers who make use of the
Waterfall model have to focus on the successful assessment of each phase of the project for
successful progression to the next step of the project (Kerzner & Kerzner, 2017). This would
help in minimizing the chances of errors within the project and it would also ensure about the
proper form of delivery of outcomes of the project.

4PROJECT MANAGEMENT METHODOLOGIES
4. References
Abrahamsson, P., Salo, O., Ronkainen, J., & Warsta, J. (2017). Agile software development
methods: Review and analysis. arXiv preprint arXiv:1709.08439.
Burke, R. (2013). Project management: planning and control techniques. New Jersey, USA.
Joslin, R., & Müller, R. (2015). Relationships between a project management methodology
and project success in different project governance contexts. International Journal of
Project Management, 33(6), 1377-1392.
Kerzner, H., & Kerzner, H. R. (2017). Project management: a systems approach to planning,
scheduling, and controlling. John Wiley & Sons.
Rose, K. H. (2013). A Guide to the Project Management Body of Knowledge (PMBOK®
Guide)—Fifth Edition. Project management journal, 44(3), e1-e1.
Turek, M., & Werewka, J. (2016). Multi-Project Scrum Methodology for Projects Using
Software Product Lines. In Information Systems Architecture and Technology:
Proceedings of 36th International Conference on Information Systems Architecture
and Technology–ISAT 2015–Part III (pp. 189-199). Springer, Cham.