Methodology Is Used For Designing Planning-Myassignmenthelp.Com

Question: Discuss About The Methodology Is Used For Designing Planning? Answer: Introduction: A methodology is used for designing and planning for achieving the objectives of the project. The project methodologies act as an adaptive framework for program execution. The plans are prepared for the accomplishment of goal by using the set of principles of project methodology (Matos, 2013). The activities of the project management can be made lighter and easier by involving the concept of project methodologies. Role of Project methodology in project management: The project methodologies help the manager for managing plan, initialization, and implementation of the project. The closure of the project can be estimated by the project methodologies. The plans and objectives can be easily achieved by using the models of methodologies. The project activities can be managed within the project scope and scheduled time (Hewagamage, 2011). Categories of Project methodologies: Agile Methodology: In this methodology, the active participation of customers and stakeholders involves which helps in empowering the project team. The focus is given on team management, project monitoring and controlled system, response given correspondent to the changes required by the customers, and others. Waterfall methodology: This methodology is based on sequential approach which involves the completion of each phase in serial order. The different phases which are involved in waterfall methodology are requirement specification plan, design concept, development, integration, testing and validation, installation and implementation, and maintenance and monitoring. The requirement should be specified in the initial stage of the project. Prince2: The facts and standards are the basis of prince2 methodologies. It follows the concept of process based approach (Ghosh, 2012). SDLC: SDLC is the collection of different methodologies together which are used for completing the life span of completing the project development cycle. Each phase of SDLC maintains the documentation for being used in the future. PMBoK: PMBoK is based on standard principles for directing the project in the right direction. The critical path method and work breakdown structure are the basic terminology used in the PMBoK. The major areas which are covered in PMBoK are financial sector, scope management, quality management, budgeting, organization behaviour, time management, human resource management, and many more. The document, plan, and designs are the major outputs of the PMBoK methodologies. The PMBoK helps in increasing the decision making capabilities of the project manager. Similarities: The Prince2 and PMBOK are the project methodologies which provide the substantial framework for managing project activities in efficient manner. The focuse of the two methodologies is to manage activities within the specified scope and time mentioned in the contract. The methodologies help in delivering the product to the customers within the specified time and reduced amount of bugs (Obrutsky, 2016). Differences: Particulars PRINCE2 PMBOK Define Process based approach Principles and standard based approach Critical areas Practically focused Comprehensively focused Knowledge areas 7 knowledge areas 10 knowledge areas Activities 35 activities 45 processes and activities Principles 7 principles - Interpersonal Skills Not indulged Indulged Coverage area Processes and activities Active participation of customers for determining their requirement Organizational and environmental factors Partially focused Strongly focused Quality Partially Focuses on quality management Focuses on quality management Plan Partially Focuses on scope, time, and cost Focuses on scope, time, and cost Risks Identification of risk Identification and management of risks Change Change can be accepted The modification required should be specified in the initial stages of the project Communication management plan Partial participation of customers and stakeholders Active participation of customers and stakeholders Management of human resource Focus on organization theme Focus on PMBOK guide for reference Stakeholder management plan Partial participation of customers and stakeholders Active participation of customers and stakeholders Relation between Project life cycle, Prince2, and PMBoK: The PMBoK provides the defined approach for meeting the requirement of the project. The product specification can be changes according to the change in requirement of the customers. The PMBOK helps in managing the balance between time, scope, and quality (Rad, 2013). The prince2 gives preferences to the quality of the product. The quality control and quality assessment programs should be indulged with the activities which help in satisfying the need of the customers. The diagram below shows the relationship between the Project life cycle, Prince2, and PMBoK: Conclusion: The Project methodologies help in improving the decision making capabilities of the project manager which results in the betterment of the project. The changing requirement of the stakeholders can be easily deployed with the product development life cycle by using the concept of project methodologies. References: Ghosh, S. (2012).Enhance PMBOK by comparing it with PRINCE2 and P2M standards. Retrieved from https://pmkb.com.br/uploads/2013/08/95598999-Comparison-of-PM-Frameworks.pdf Hewagamage, C. (2011).Redesigned framework and approach for IT project management. Retrieved from https://www.sersc.org/journals/IJSEIA/vol5_no3_2011/8.pdf Matos, S. (2013).Prince2 or PMBoK- A question of choice. Retrieved from https://www.sciencedirect.com/science/article/pii/S2212017313002417 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_SCRUM Rad, N. (2013).Project lifecycle in Prince2. Retrieved from https://www.projectsmart.co.uk/planning-lifecycle-in-prince2.php