ITC505 ICT Project Management: Methodology and its Role
Project Management Methodologies
1.Define what a methodology is and the role it serves in project management.
2.Familiarise yourselves with the various methodologies & processes in the list below. Choose two methodologies / processes from this list to compare and contrast, analysing the similarities and differences between them both.
3.Finally, identify how your chosen methodologies / processes relate to the project life cycle (PLC):
List of project methodologies and processes
•Project Management Body of Knowledge (PMBOK)
•PRINCE2
•SDLC
•Waterfall
•Agile
Answer:
1. Methodology and its Role in Project Management
The systematic and theoretical analysis of various methods, being applied to a typical field is termed as methodology. The methodology consists of all the theoretical analyses of the principles and methods with proper details (Heagney, 2016). These principles and methods are related to the branch of knowledge. This methodology even encompasses the several concepts like paradigms, quantitative techniques, phases, models of theory and finally qualitative techniques.
Methodology pl
ays an important role for managing a project. The significant combination of various logical methodologies, practices and processes to determine the process of development, controlling and delivering the final product through the process of implementation is termed as methodology in project management (Burke, 2013). The main objective of this project management methodology is enabling the overall control of the management of project by means of solving problems and taking decisions efficiently. This is mainly done by ensuring the complete success of all the methodologies, techniques, approaches and processes.
The methodology of project management provides the vital framework for planning as well as delivering various projects of every size or type. This framework of project management eventually focuses on the complete knowledge of all the required changes with the chosen approach of methodology (Walker, 2015). This required change is extremely important and could be easily done with the help of project methodologies. The systematic change in terms to time, quality and cost takes place with this project methodology. The two distinct types of project methodologies are modern approach and traditional approach. The most popular approach in project management is the modern approach in respect to traditional approach.
2. Comparison and Contrasting PRINCE2 and PMBOK
The comparison and contrasting of PRINCE2 and PMBOK project management methodologies are as follows:
- PMBOK or the Project Management Book of Knowledge is the significant set of every standardized guideline and terminology for managing the projects. This body of knowledge is evolved on time and helps to resolve the issues related to project management (Turner, 2014). The several processes of project management are described as standards in the project.
PRINCE2 or Projects In Controlled Environments is the significant structured methodology of project management that solely emphasizes on the division of projects into controllable as well as manageable stages.
2. PMBOK or the Project Management Book of Knowledge can be simply described as descriptive methodology in nature. However, PRINCE2 or Projects In Controlled Environments can be described as the prescriptive methodology in nature (Kerzner & Kerzner, 2017). The Project Management Book of Knowledge consists of various techniques, tools and process and hence does not explain the efficiency and effectiveness of all the outputs of a project. The methodology of PRINCE2, on the other hand, explains the effectiveness of data or information for the purpose of recording the process outputs and thus is described eventually.
3. PMBOK is even responsible for structuring the various guidelines to several new processes, which are again sub divided to 5 categories, known as groups of process (Burke, 2013). The pre specified results, services or products are subsequently achieved with PMBOK.
PRINCE2, on the other hand, consisted of four elements, known as tailoring, themes, processes and principles. These are used for achieving the requirements of project perfectly.
3. PRINCE2 and PMBOK in Project Life Cycle
The methodology of PRINCE2 within the PLC consists of six distinct phases. They are given below:
- Direction of Project: The first and the foremost phase in PRINCE2 is the direction of project.
- Starting: Starting is also termed as the process of pre project and it helps to ensure the several pre requisites to initiate the project (Fleming & Koppelman, 2016).
- Project Initiation: This is the third phase, where project is being started.
- Managing the Stage Boundaries: This particular phase is responsible for giving the project managers with significant decision points to continue with project.
- Project Control: Project controlling is done in this phase.
- Closing: This is the final phase and project is closed here.
The methodology of PMBOK within the PLC consists of five distinct phases (Heagney, 2016). They are given below:
- Project Initiation: This is the first phase and here the project is started,.
- Project Planning: The entire planning of the project is done in this particular phase.
- Project Execution: After planning,. The project is well executed for better results (Walker, 2015).
- Project Control: After execution, the project is controlled finally.
- Closing: Finally, the project is closed here.
References
Burke, R. (2013). Project management: planning and control techniques. New Jersey, USA.
Fleming, Q. W., & Koppelman, J. M. (2016, December). Earned value project management. Project Management Institute.
Heagney, J. (2016). Fundamentals of project management. Amacom.
Kerzner, H., & Kerzner, H. R. (2017). Project management: a systems approach to planning, scheduling, and controlling. John Wiley & Sons.
Turner, J. R. (2014). Handbook of project-based management(Vol. 92). New York, NY: McGraw-hill.
Walker, A. (2015). Project management in construction. John Wiley & Sons.
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