Project Management Methodologies, management homework help

User Generated

zbbatha

Business Finance

Description

In topics 1 & 2 you have been introduced to various project methodologies and processes. In 500 words, demonstrate your knowledge of these.

Ensure you address the following areas:
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 and processes relate to the project life cycle (PLC):

List of project methodologies and processes
• Project Management Body of Knowledge (PMBOK)
• PRINCE2
• SDLC
• Waterfall
• Agile


Rationale

In this assessment you will be covering the following learning outcomes as outlined in the MSI:
• Be able to differentiate between a range of project life cycle models, and their appropriate application
• Be able to identify and reflect on the key elements of the PMBOK framework

Marking criteria

Criterion



Provides a definition of a project methodology.

(10 marks)
Explains and critically evaluates the definition of a project methodology using language, detailed judgement and evaluation of sources.

Provides an explanation of the role project methodology plays in relation to project management.

(20 Marks)
Explains and critically evaluates the role of project methodology and the relationship to project management.


Two selected methodologies are compared and contrasted.

(20 Marks)
Explains and critically evaluates the comparisons and contrasts between two selected methodologies.

The similarities and differences between the methodologies are provided.

(20 Marks)
Explains and critically evaluates the similarities and differences between the methodologies chosen.


Methodologies are related to the project life cycle.

(20 Marks)
Explains and critically evaluates the methodologies related to the project life cycle.

Correct referencing of sources (APA 6th ed citation) to reinforce findings.

(10 Marks)
The sources are valid and are derived from wide range of resources. They are all correctly sourced and presented.


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Explanation & Answer

Attached.

1

Running head: METHODOLOGIES

Project Management Methodologies
Institutional Affiliation:
Date:

METHODOLOGIES

2

Every project requires a methodology which best suits it as different project require
different methods. As a result, therefore, the methodology of a project serves to help the project
management team to follow the correct procedures to the completion of the project. This paper
will explore the term methodology and its importance in project management as well as explore
the waterfall and agile methodologies giving their differences and similarities.
A methodology is a model that project managers use in their project to plan, design and
implement their project to achieve their set goals and objectives. The methodologies are vital in
project management and play various roles in project management. For instance, methodologies
help the project management team and those overseeing the project to complete the project at the
stipulated time or even fas...


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