Project Management Methodologies for Principles - myassignmenthelp

Question: Discuss about theProject Management Methodologies for Principles. Answer: Defining project management methodologies Project management methodology is referred to as a process or guideline for those who are involved to the development of any project. Based upon the scope and requirement of the project it is necessary for the project managers to choose the most suitable project management methodology to accomplish the project. According to Kerzner and Kerzner (2017), project management methodology is practice, technique rather procedure that helps any organization or business during the development of any product or service in terms of project. There are some methodologies that define principle such as agile but some methodologies are there which defines full stack framework methodologies of different themes, principles and processes like prince2. Again there are some standard extensive list that defines all standard processes like PMIs PMBOK or XP and certain very simple process such as Scrum. For achieving the business goal and preliminarily planned results within the estimated schedule, budget and time the project should necessarily adopt the most suitable project management methodology (Joslin Mller, 2015). From the project initiation up to the project closure phase regardless of the trade field the project manager is required to assort methodologies to accomplish the project. Again Spundak (2014) stated that, project management methodology is a model or framework that project managers use for project planning, designing and integrating, implementing and closure to reach project objectives. It can be said that the overall performance level and capacity of the employees improves after the adoption of proper project management methodology. Chofreh et al. (2014), opined that project management methodology framework helps the project managers to make proper decisions. Serrador and Pinto (2015), stated that, methodology also helps to estimate the duration of the tasks and to break down a huge project in small segments. It helps to reduce the work load from the project team members and complete the task within lesser time and budget. With the implication f project management methodology the functions and operation of the project can be improved. In order to form improved functionality and project operations, methodology provides a systematic approach to the project managers and project management team members (Sohi et al., 2016). If the systematic phases are followed accordingly by the project team members then it can be said that the project will be completed successfully. In the project management practices different types of project management methodologies such as adaptive project framework, agile software development, and crystal methods, extreme programming, feature driven development etc and are frequently applied by different business organizations. According to Spundak (2014), methodology offers supportive and iterative approach to the project manager and project team members to meet the requirements and objective of the project. It is much focused on developing faster and higher level quality product. In order to develop the timeliness of any project, prototyping is the process which is widely used for re-using the components. Compare and contrast agile and project management body of knowledge Based on the project activity and requirements different project managers use different methodologies. In this section agile project methodology is nominated to make compare and contrast. PMBOK is a traditional project management methodology whereas; agile is one of the modern, iterative and modern project management methodologies. PMBOK is referred to as a sustainable framework that is widely used by the project manager for project scope management, contract management and many other aspects that are arguably lesser robust in case of PRINCE2 methodology. PMBOK fails to support successful decision making approach. Not only the project managers but also the senior managers and other parties also fail to make proper decision making with the PMBOK. However, with PMBOK project managers are seems to become the primary decision maker, project planner, issue solver and human resource managers also (Spundak, 2014). Figure 1: Agile project development methodology (Source: Joslin Mller, 2015, pp-1378) The phases followed in PMBOK methodology contain initiation, planning, execution and closure. Whereas; Agile project manager is referred to as a distinct program from the PMBOK and PRINCE2. Agile methodology is a flexible one that helps to produce better deliverable regardless of the need of sustainable changes. The overall risk of a project can be substantially reduced because it helps to segment an overall project in small segments. However, the main issue associated to agile model states that, if it is not completely grasped then the methodology itself will lead the project to unattainable expectation. Identification of the way through which agile methodology is related to Project Life Cycle (PLC) From the project management and program management perspectives it can be said that, project management methodology acts as a contrivance for deploying a successful project. The Agile methodology is consists of requirements, project planning, designing, development, execution, tracking, monitoring and closure which implies that the Agile methodology expands the scope of a project and provides detail outcomes. This is focused on continuous improvement and mainly used for developing software projects (Galvan et al., 2015). Agile methodology shows iterative improvement and the phases followed in this methodology include iterative planning, continuous review and testing, adaptive teams, dynamic requirement gathering and dynamic testing. It reduces the overall complexity of any project through breaking down the project structure in smaller segments. Agile software development lifecycle is consists of 6 different phases such as concept, inception, iteration, transition, production and retirement those are needed to be followed accordingly by the project manger to make sure that a project is completely successful (Sohi et al., 2016). In this methodology it is not necessary all time that after completion of one step the next step will be started rather as it is a iterative methodology continuous and frequent changes are managed with this methodology. References Chofreh, A. G., Goni, F., Shaharoun, A. M., Ismail, S. (2015). A review on sustainability transformation roadmaps using project management methodology.Advanced Science Letters,21(2), 133-136. Conforto, E. C., Salum, F., Amaral, D. C., da Silva, S. L., de Almeida, L. F. M. (2014). Can agile project management be adopted by industries other than software development?.Project Management Journal,45(3), 21-34. Galvan, S., Mora, M., OConnor, R. V., Acosta, F., Alvarez, F. (2015). A compliance analysis of agile methodologies with the ISO/IEC 29110 project management process.Procedia Computer Science,64, 188-195. Joslin, R., Mller, 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. Serrador, P., Pinto, J. K. (2015). Does Agile work?A quantitative analysis of agile project success.International Journal of Project Management,33(5), 1040-1051. Sohi, A. J., Hertogh, M., Bosch-Rekveldt, M., Blom, R. (2016). Does lean agile project management help coping with project complexity?.Procedia-Social and Behavioral Sciences,226, 252-259. Spundak, M. (2014). Mixed agile/traditional project management methodologyreality or illusion?.Procedia-Social and Behavioral Sciences,119, 939-948.