Processes Project Management Methodologies-Myassignmenthelp.Com

Question: Discuss About The Processes Project Management Methodologies? Answer: Introducation Project methodology is the collection of practices, processes, methods and others in the logical manner for accumulating the best output from the successful implementation of the plan. It is the scientific and systematic approach for the execution and completion of project. Project management methodologies: PMBOK guide: It is the methodology which is based on planning, execution, controlling, and termination of the project (Rosa, 2014). It is the collection of the process groups and knowledge areas for retrieving better results. PRINCE2: Projects in controlled environment is used for representing the process driven methods in the private sector. Critical path method: This method is used for defining the activity sequence for longer duration of the project. The work and tasks should be completed within the prescribed scope of the project. The duration of the activities can be estimated by deploying the critical path method. Traditional method or waterfall method: The phases involved in the waterfall methodology are specification of the requirement, designing, construction, integration, debugging and testing, installation, and maintenance. Agile methodology: This method is used delivering the product at the rapid rate to the customers. The outcome is measured for the success of the project. SDLC: The SDLC is the methodology which is derived from the amalgamation of different methodologies together. Each phase of the cycle are associated with the priority. The two chosen methodologies are Agile and PMBOK. The two methodologies are similar to each other with respect to requirement specification, risks identification, quality management, customer participation, communication management, and interrelationship between different modules, and others. The set of rules is followed for managing the project. The changes can be accelerated according to the requirement of the project (Obrutsky, 2016). The difference between the two methodologies is described in the tabular format: Peculiarities Agile method PMBOK method Essentials It is value driven, change driven, and shared value concept It is plan driven and change driven concept Project nature It follows the iterative nature It follows the sequential nature Changes Attitude Changes can be embraced Changes can be controlled Customers involvement Customers should actively participate for setting the requirement specification plan The customers are authorised and authenticated for the approval of the requirement Project requirement plan The detailed structure of the requirement is given in the initial stage of the project The detailed structure of the requirement is given before starting the project Document The documents are not well designed in the agile methodology for future reference (Sliger, 2015) The documents are well-designed in the PMBOK which acts as a guide for future reference Project success The project success can be calculated in terms of final product delivered to the customers The project success can be calculated in terms of matching the final product delivered to the customers and the plan. Advantages The rapid changes can be occurred in the project according to the customer demand The processes are used for identifying the quality of the project. Disadvantages The plan and product delivered can be different It is a costly method Project life cycle and PMBOK The implementation of PMBOK methodology in the completion of project life cycle helps in determining the implementation of scrupulous planning, controlling the project rigorously, clear definition of the roles and responsibilities, communication process is emphasised, and validated products are delivered to the customers. It is the collection of the process groups and knowledge areas for retrieving better results (Fitsilis, 2014). Conclusion: The PMBOK is preferred over other methodologies because it offers a detailed structure and clear formulation of processes involved in achieving the objective of the project. It is the best practice for the administration of the project. References: Sliger, M. (2015).Agile project management and PMBoK guide. Retrieved from https://www.educause.edu/visuals/shared/pd/Agile_project_management.pdf Fitsilis, P. (2014).Comparing PMBOK and agile project management software development process. Retrieved from https://www.academia.edu/2953419/Comparing_PMBOK_and_Agile_Project_Management_software_development_processes Rosa, T. (2014).Agile and traditional methodologies: An investigation in the light of experience. Retrieved from https://www.ijirset.com/upload/2014/december/5_Agile.pdf Obrutsky, S. (2016).Comparison and contrast of project management methodologies. Retrieved from https://www.researchgate.net/publication/305969672_Comparison_and_contrast_of_project_management_methodologies_PMBOK_and_SCRU