Comparison of Project Management Methodologies †Free Samples

Question: Discuss about the Comparison of Project Management Methodologies. Answer: Definitions and Roles of project methodology by various author: According to the author, theproject management methodology has defined as standardization PMM, Customization PMM or the combination of both (Joslin Mller, 2015). A standardization PMM referred to the degrees of Standardization implied by the organizational processes (Braglia Frosolini, 2014). Theproject management owners, a corporate control andProject management office often focuses on standardizing the organizational PMM. A customization PMM has variation that results in better report when the type and size of the project procedures are tailored (Stoshikj, Kryvinska Strauss, 2014). The ITS group of project management methodology defines the methodology as a set of individual project that has a standard with the project team (Serra Kunc, 2015). According to the author the tools of the methodology makes the job of the project manager little easier. The methodology contains guidelines, templates and definitions for various project management activities in were successful delivery of the project. Samuel MantelJack R. Meredith and Jack Meredith and Samuel J. Mantel, Jr. in an article of Project Management: A Managerial Approach, define themethodology of project management as the outcomes of the project that are produce as an objectives of schedule, cost and specifications (Ribeiro da Silva, 2015). According to the view of the author, project manager does everything to meet the basic parameter for the application of project management to meet the requirements of the project. PMBoK versus PIRNCE2 PMBoK is a guide that encapsulates the related knowledge of Project Management (Brioso, 2015). This guide helps the practitioners to recognize the process of practicing the project management, the application techniques and the input and output associated with it (de Carvalho, Patah, de Souza Bido, 2015). The methodology of PRINCE2 is a process to manage industries or public or private sectors to improve the chance for a successful outcome of the project. PMBOK PRINCE2 Purpose A comprehensive guide for project management on every aspects A practical principles of project management methodology Content Techniques of wide range to describe the core practices the process of project management with 7 series Approach Project Management approach based on knowledge 7 series of process management that defines who, how, when and what Inclusions AR management, Procurement, in-depth Critical Path, estimating, EVM and many more technique Project assurance, planning based on product, clarity in authorities and role, exception management, Business case Roles Primary role is of the project manager everyones role is defined, namely PM, PA, PS, TM who are involve in a project Certifications CAPM and PMP are the certification require for any project management Practitioner, Professional, or Foundation are the certification require for any project management Utilization best practices, Non-prescriptive it is perspective, still needs project tailor Table 1: Understanding PMBoK and PRINCE2 Source: Author The Processes, Principles and Themes of PRINCE2 are consistent with the guide of PMBoK, however, all the areas of knowledge and the details that is specified in the PMBoK guide does not include in PRINCE2 (Rehacek, 2017). Process Comparison: PMBoK PRINCE2 Initiating a project is start direct manage the stage of Boundaries Planning A project is initiating manage the stage of Boundaries manage the delivery of the product make a plan Executing A stage is control manage the delivery of the product direct Monitoring and control A stage is control Closing manage the stage of Boundaries a project is closing Table 2: Process Comparison Source: Author Information provided based on the knowledge area of PMBoK and the Elements of PRINCE2 PMBoK Area of Knowledge Elements of PRINCE2 Integration What are the plans What are the planning done Changing the control Scope Case of Business, plans, planning based on product, Changing the control Time What are the plans planning based on product, Changing the control Cost What are the plans What are the planning done Changing the control Quality Management of the Configuration, Reviewing the quality/quantity Risk Risk Management Communications Controls, A stage is control, a project is closing Human Resources Organization covered only the Roles and Responsibilities Procurement PRINCE2 does not cover this information Table 3: Knowledge area of PMBoK and the Elements of PRINCE2 Source: Author Unlike PMBoK, there are few techniques of PRINCE2. This offers a product based on the planning, the Product Breakdown Structure has aligned to the Work Breakdown Structure (Todorovi? et al., 2015). It also includes the descriptions of product and Flow Diagrams of the Product. The second technique is the approach towards the Change Control and lastly the technique to review the quality of the product (Joslin Mller, 2015). Finally, describing the project life cycle in PRINCE2: Today PRINCE2 along with the guide of PMBoK are the most important standards of a project management (Van?kov, 2017). The standard of PRINCE2 manually defines the project life cycle in three main parts(Sharon Dori, 2017): Managing by stages which is the core principle Plans which is the themes Three processes out of seven, that is project initiation, managing the boundary stage, and starting a project The following figure will describe the project life cycle in PRINCE2 with four stages of management:tion From the above article, it has concluded that PRINCE2 along with the guide of PMBoK are the most important standards of a project management today (Durrani Baroudi, 2015). PRINCE2 needs more experience and depth of PMBoK to make it useful. Finally, the article gives a clear understanding of the PRINCE2 project life cycle for successful project. References: Braglia, M., Frosolini, M. (2014). An integrated approach to implement project management information systems within the extended enterprise.International Journal of Project Management,32(1), 18-29. Brioso, X. (2015). Integrating ISO 21500 guidance on project management, lean construction and PMBOK.Procedia Engineering,123, 76-84. de Carvalho, M. M., Patah, L. A., de Souza Bido, D. (2015). Project management and its effects on project success: Cross-country and cross-industry comparisons.International Journal of Project Management,33(7), 1509-1522. Durrani, Z. A., Baroudi, B. (2015). A Practitioner Based Evaluation of Project Management Knowledge and Education: The Australian Case.International Journal of Knowledge-Based Organizations (IJKBO),5(4), 19-36. 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. Rehacek, P. (2017). Application and Usage of the Standards for Project Management and their Comparison.Journal of Engineering and Applied Sciences,12(4), 994-1002. Ribeiro, F., da Silva, A. M. (2015). Information Management in Project Management: Theoretical Guidelines for.Handbook of Research on Effective Project Management through the Integration of Knowledge and Innovation, 44. Serra, C. E. M., Kunc, M. (2015). Benefits realisation management and its influence on project success and on the execution of business strategies.International Journal of Project Management,33(1), 53-66. Sharon, A., Dori, D. (2017). Model?Based Project?Product Lifecycle Management and Gantt Chart Models: A Comparative Study.Systems Engineering,20(5), 447-466. Stoshikj, M., Kryvinska, N., Strauss, C. (2014). Efficient managing of complex programs with project management services.Global Journal of Flexible Systems Management,15(1), 25-38. Todorovi?, M. L., Petrovi?, D. ?., Mihi?, M. M., Obradovi?, V. L., Bushuyev, S. D. (2015). Project success analysis framework: A knowledge-based approach in project management.International Journal of Project Management,33(4), 772-783. Van?kov, R. (2017). Application of PRINCE2 Project Management Methodology.Studia Commercialia Bratislavensia,10(38), 227-238. Comparison of Project Management Methodologies – Free Samples Question: Discuss about the Comparison of Project Management Methodologies. Answer: Introduction The project management methodology offers a guideline for the management of the project and it is one of the significant factor to any successful completion of a given project (Kerzner, 2013). The project management entire body of know-how (PMBOK) in addition to the project in the controlled environment Version 2 (PRINCE 2) are the most used project methodologies of management in the world. The aim of this research is to highlights the pros and cons of utilizing these project management approach methodologies (Matos and Lopes, 2013). Moreover, the research would also show you how the models could be combined and how they would retain on the benefits of each and the correct for the inadequacies in each. These are two different approaches to the project management which could be used widely. Both of these two PPM approaches they complement on each other (Jamali Oveisi, 2016). Both of these approaches have advantages as well as disadvantages yet the identification of the advantages together with the problems with all the method relies upon the environmental element context which is utilized to be able to evaluate the two methods. This is a method of collection of the best practice principles which are incorporated to the various knowledge areas along with the process groups that is within the project (Meredith and Mantel, 2011).. The PMOK highlights what the manager of the project should know to be successful when executing of the project. Advantages This method uses a comprehensive approach. It is much well suited to be an iterative development approach. This approach is important in handling of the complex projects in a well-structured manner. PMBOK is developed by the PMI and it helps to define the project management related aspects, which contains the global recognized standards as well as guide for the project management professions (Turner, 2016). It is best suited for the projects which have a high level of uncertainty since it is a book of knowledge for the project management knowledge. Disadvantages The approach looks at the project as single entity. The governance of the project is round the use of the project sponsor as well as the stakeholders. It is complex for the small project. It may be difficult to keep the team connected. There is need to modify the standards on the constraints such as size, quality as well as the scope. What is the PRINCE2? This is a structured, process which has been based on various components as well as techniques. This approach usually highlights on what the manager of the project need to do to be able to execute the project successfully (Martinelli and Milosevic, 2016). The method supply a road map which the manger could utilize to be able to organize, manage as well as control on the project. The major focus of PRINCE2 is on the business case. Advantages It is a business case driven; which focus on the process of a project. The methodology utilizes a clear quality of the management points which are within the process (Turner, 2016). The project governance is all around the appointment of the project Board; which aims at increasing on the business buy. The methodology focuses on the major risk areas that are within the environment of the project. The PRINCE2 could be integrated with the number of some of the other models; the OGC gateway process, CMMI, and ITIL. Disadvantages: This approach is not as suitable to iterative development method. The method does not comprise all the knowledge areas as well as details which is found in PMBOK. The decision are usually made by the project manager; this may led to the paralysis by the analysis. There is the requirement to produce various products throughout the lifecycle of the product. The leadership and the individual management skills are not covered in the technique. Example of a project to illustrate PRINCE2 model The project which would benefit from the PRINCE2 model is that of Levementum, company when they wanted to develop a cloud based intelligence solutions to the health care industry which is tied to CRM. The use of this model would help the organization to enter a new service practice which would be worth a lot in the future revenue. The model will help to adapt the real world scenario where the requirements will be refined and an insight to the business need. The method utilize tolerance especially in the areas such as risk, scope and quality. It has a well-defined role as well as responsibilities of the multiple stakeholders of the controls and checks. In this method there is clear delineation of the deliverables through product based planning techniques along with focus to achieve them (Turner, 2016). PRINCE2 is robust as well as comprehensive project management framework which increase on the success of the project. The principles and the lessons learned could be tailored and be applied to any given project. Both of these two approaches are worldwide they usually have countless users who definitely are certified (Karaman and Kurt, 2015). It is recognized by many of the project management professionals which the PRINCE2 along with the PMOK are complementary and that a project manager who happens to be competent must have understanding of the two. PRINCE2 and the PMBOK are complementary PMOK offers the knowledge and PRINCE2 the know-how. They are both good foundation undertaking the project in the right way. They both offers internationally proven techniques to be able to implement the projects. They both are built on the family of the best practices; they address every level of the needs of the organization. Conclusion It does not matter which method to use for project management model. There are numerous advantages and disadvantages associated with the two PMMs. The organization need to understand which method they want to adopt and implement, project management model which is regulated. References Jamali, G., and Oveisi, M. 2016. A Study on Project Management Based on PMBOK and PRINCE2. Modern Applied Science, 10(6), 142. Karaman, E., and Kurt, M., 2015. Comparison of project management methodologies: prince 2 versus PMBOK for it projects. Int. Journal of Applied Sciences and Engineering Research, 4(5), pp.657-664. Kerzner, H., 2013. Project management: a systems approach to planning, scheduling, and controlling. John Wiley Sons. Martinelli, R. J., and Milosevic, D. Z., 2016. Project management toolbox: tools and techniques for the practicing project manager. John Wiley Sons. Matos, S., and Lopes, E., 2013. Prince2 or PMBOKa question of choice. Procedia Technology, 9, 787-794. Meredith, J. R., and Mantel Jr., 2011. Project management: a managerial approach. John Wiley Sons. Turner, R., 2016. Gower handbook of project management. Routledge.