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PROJMGNT2001 Project Management Methodologies And Concepts
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PROJMGNT2001 Project Management Methodologies And Concepts
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Course Code: PROJMGNT2001
University: The University Of Adelaide
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Country: Australia
Question:
1. Define what a methodology is and the role it serves in project management.
2. Familiarise yourselves with the various methodologies in the list below. Choose two methodologies 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:
Methodology: Definition & Role
A methodology is defined as a protocol and a set of guidelines that assist in the adequate and efficient management and execution of the activities. Project management is a discipline that provides the organization management with the ability to carry out the project tasks and activities as per the corresponding requirements and best practices. Project management methodologies provide the guidelines for the implementation of project management discipline.
These methodologies serve a significant role as these provide the Project Manager and leadership with the ability to manage the project resources, stakeholders, and requirements. These also provide the best practices that may be followed to resolve the project risks and issues, carry out effective communication, and handle project schedule, budget, and procurement.
PMBoK v/s Waterfall
There are several project management methodologies that have been defined. Two of the widely used methodologies are Project Management Body of Knowledge (PMBoK) and Waterfall methodology. These are being utilized and applied in the projects since long.
Set of Similarities
Project Management Body of Knowledge (PMBoK) and Waterfall methodology for project management have been defined to act as guidelines for effective project management (Hau, 2018). These are the predictive methodologies in which the stages or phases that shall be applied are pre-defined. Both of these methodologies are based on a phased approach that is further divided in sub-activities and sub-processes. These provide standardization for the projects and assist in the streamlining of the managerial and project activities (Bassil, 2012).
List of Differences
The set of differences between the two methodologies are illustrated in the table below.
Parameter
PMBoK
Waterfall Methodology
Phases
There are five process groups that are used and applied to manage the projects. These include initiation, planning, execution, control, and closure (Cardona-Meza & Olivar-Tost, 2017).
There are six phased defined by the methodology viz. Requirements Analysis, Design, Implementation, Testing, Deployment, and Maintenance.
Flexibility
More flexible as the sub-activities in the five process groups can be altered and adjusted as per the project scenario.
Not flexible as the linear sequential order must always be maintained under any circumstance.
Level of Documentation
There is no detailed guideline for the documentation that shall be included in the projects.
There is a lot of focus on the documentation.
Applicability
Managerial Projects
Development Projects
Relation with PLC
Project Life Cycle (PLC) is a usual timeline that is witnessed in the projects in terms of the set of activities and their flow. PMBoK and Waterfall methodologies have varying similarity with the PLC.
Waterfall methodology is closed related and based upon PLC as the flow of phases, level of flexibility, and the need to maintain the sequential order is common in both the cases. PMBoK also includes the phases/process groups as planning, execution, control, and closure that are common with PLC. However, in the case of PMBoK, there are certain variations that may be made depending upon the project requirements (Humaidi & Said, 2011). It is therefore, necessary to analyze the project requirements along with the specific scenarios before making the decision on the selection of the methodology to be used.
References
Bassil, Y. (2012). A Simulation Model for the Waterfall Software Development Life Cycle. Arxiv.org. Retrieved 03 August 2018, from https://arxiv.org/ftp/arxiv/papers/1205/1205.6904.pdf
Cardona-Meza, L., & Olivar-Tost, G. (2017). Modeling and Simulation of Project Management through the PMBOK® Standard Using Complex Networks. Complexity, 2017, 1-12. https://dx.doi.org/10.1155/2017/4791635
Hau. (2018). https://www.hau.gr/resources/coe_site/pmbok-08_4thed_changes.pdf. Hau.gr. Retrieved 03 August 2018, from https://www.hau.gr/resources/coe_site/pmbok-08_4thed_changes.pdf
Humaidi, N., & Said, N. (2011). The Influence of Project Life Cycle and Key Performance Indicators in Project Management Performance: Comparison between ICT and Construction Project. Ipedr.com. Retrieved 03 August 2018, from https://www.ipedr.com/vol15/6-ICCPM2011A00011.pdf
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