Definition of Project Methodologies Samples †MyAssignmenthelp.com

Question: Discuss about the Definition of Project Methodologies. Answer: Definition Project methodologies contain all the guiding processes for the members who are involved in a project involving project management. The definition of project methodologies is that the methods that are involved in project management do not need any tool. But the methodologies ofproject management face competition with the software tools ofproject management that is intertwined (Heldman, 2015). Project methodology is basically a model that is employed by project managers for planning, design, achievement and implementation of the projects to fulfill their objectives. The methodology ofproject management is combination of processes, methods and practices that are logically related. These enable the project manager to determine how to plan the best, develop, deliver and control the project through implementation of processes till the successful completion and successful termination of the project. The project methodologies are systematic, disciplined approach and contain methods that are scientifically-proven for the execution, completion and designing the project successfully. The main purpose of methodology is that they allow in controlling the whole process of management by making effective decision and also solves problem that ensures success of particular approaches, methods, technologies, techniques and processes (Kerzner, 2013). The methodology is considered as a skeleton of a project that describes all the steps from depth. By implementing project management, the project manager ensures all the processes in order to implement and deliver the project according to its schedule, client specification and budget. Role of Project Methodologies in Project Management Project management is a collection of relevant knowledge that is structured to make change in methodologies. Project methodologies in project management help in managing projects that are involved in an organization. Project methodologies in a project management does not describe the exact algorithm about how the changing is to be made or about how to manage a particular project but methodologies provide a wide overview of different processes, rules, methods and standards (Leach, 2014). Managing the projects means performing and describing activities that are needed to meet the objectives of making some change in the project. Comparison between PMBOK and PRINCE2 Methodology Feature PMBOK PRINCE2 Definition PMBOK is standard and guide to manage a project This is a structured based project management methodology Knowledge Areas And Themes There are mainly ten knowledge areas PRINCE2 has 7 themes Comprehensive Vs Practical PMBOK is compressive (Mir Pinnington, 2014) PRINCE2 is practical that mainly focuses on the critical areas Techniques All the techniques are covered for all the processes Some of the specific techniques are explained in PRINCE2 method Focus Customer requirements are needed Product and business case are considered Interpersonal Skills Interpersonal skills are required in PMBOK No need of interpersonal skills in PRINCE2 Activities And Processes There are total of 47 processes and 5 process groups There is a total of 35 activities and 7 processes in PRINCE2 method Project Board Role The role of sponsor is only suggested in the PMBOK method Project Board is called to give oversight Management Principle There is as such no management principle This method is managed by exception Environmental Factors And Organizational Assets Environmental Factors And Organizational Assets are integrated strongly with all the processes Environmental Factors And Organizational Assets are covered partly (Matos Lopes, 2013) Principles There is no principle in PMBOK. PRINCE2 method has 7 principles. Prince2 In Project Life Cycle (Plc) The PRINCE2 method in PLC (Project Life Cycle) is known as Projects IN Controlled Environments. This is a method in project methodology that is process driven. The methodology in PRINCE2 fragments the project into many stages and all the stages are managed separately. All the process in the PRINCE2 model is defined with the key outputs and inputs with some particular objectives that are to be achieved and all the activities that are to be carried out. There are mainly seven themes and principles that come in the method of PRINCE2. The first process is about the starting of the project (Saad et al., 2014). The first process that is considered in the PRINCE2 method is the processes that are involved before starting the project. The first phase checks that the project is worthwhile. The main input of PRINCE2 method is that the project is defined in terms of business and the outcome is expected. Then is the process of initiating the project. This initiating phase includes planning of the project in details. The outcome that comes from initiating phase is PID (Project Initiation Document). Next come directing phase of the project. The directing phase starts at the beginning of the project and remains till the end of the project completion (Sanjuan Froese, 2015). The directing phase is aimed at Project Board. The board monitors and manages all reports and controls all the decisions that are taken in the project. Next come control stage . The activities are monitored and controlled by the project Manager. Way of work packages are received and authorized in this stage. There is also a stage known as managing the stage boundaries. In this process, key decisions are taken weather to continue the project or to stop working on the project. This stage involves the processes that are to be done while handling a project. The second last stage is management of the product delivery (Schwalbe, 2015). The link between the team members and the project manager is controlled in this project. The work packages flows are controlled in this process from the starting of the project till its delivery. All the works are done and then it is carried back to the project manager. The last stage is closing the project. In PRINCE2 process, last stage includes the steps that are to be carried out when closing a project. References Heldman, K. (2015).PMP project management professional exam deluxe study guide: updated for the 2015 Exam. John Wiley Sons. Kerzner, H. (2013).Project management: a systems approach to planning, scheduling, and controlling. John Wiley Sons. Leach, L. P. (2014).Critical chain project management. Artech House. Matos, S., Lopes, E. (2013). Prince2 or PMBOKa question of choice.Procedia Technology,9, 787-794. Mir, F. A., Pinnington, A. H. (2014). Exploring the value of project management: linking project management performance and project success.International journal of project management,32(2), 202-217. Saad, S., Ibrahim, A., Asma, O., Khan, M. S., Akhter, J. (2014). PRINCE2 MEthodology: AN INNovAtIvE WAy foR IMPRovINg PERfoRMANCE of MAlAysIAN AutoMotIvE INdustRy.The Journal of Technology Management and Technopreneurship (JTMT),1(1). Sanjuan, A. G., Froese, T. (2015). Principles, characteristics, and methodology to develop a project management assessment tool at the construction project level. Schwalbe, K. (2015).Information technology project management. Cengage Learning.