Management Methodologies of Projects-Free-Samples for Students

Question: Discuss about the various Management Methodologies for making a Projects and Similarities and Dissimilarities between PRINCE2 and SDLC method. Answer: Introduction: Project management methodologies are a set of procedures that are required to be followed for the development of a new type of project, which first came in 1960. This process of developing projects in a skilled and efficient way came into action because business organizations or companies wanted their existing and targeted projects in a more structured method. The parameters needed for implementing this new decision of project development includes communicating, collaborating and getting advise from various departments of the organization or company involved. This report discusses about different types of management methodologies of projects. This report also discusses some project management methodologies namely SDLC and PRINCE2. Discussion: Since the time of invention, the traditional approaches have evolved and new phases and topics are added to facilitate effective project management (Burke, 2013). In the modern times, companies and organizations are implementing these methods to develop their intended projects with a beginning and end. Definition and role: The main definition of these methodologies are the implementation of processes which includes the initiation, planning, beginning work, controlling and closing the work to get the intended objectives. A project is a process, which is temporary and is initiated for the development of a product and service to meet the necessary outcomes (Burke, 2013). The methodologies has a primary requirement for completing the project successfully even under the presence of varied constraints which includes project scope, budget of the project, time required and quality of the product. Another constraint is the acquisition of raw materials intended for getting project outcome. The role of the methods is to control the processes in project management by making decisions and solving problems to ensure the achievements of the intended outcomes. These methods give a skeletal framework to the authorities of an organization or companies to accomplish them in an orderly process. Types: These methodologies are further divided into many types depending upon their process of operation. Though the adopted methodology is different, focus of it should be towards the achievements of required outcomes. PMBOK (Project Management Body of Knowledge) is a type of guide that describes the required work as a set of processes. It also includes three parameters, which must be included as input materials, tools and techniques, output materials (Ojeda Reusch, 2013). The various processes included in this guide are the initiation of work, planning, execution of them, monitor, control, and closure. Agile methods consist of the reaction to outcomes that are unpredictable through incrementing, iterating and providing feedback (Dingsyr et al., 2012). SDLC (systems development life cycle) is a management method that is used to address the concerns of an information system or software for its planning, developing, testing of the system. The main style of this method is initiation, development of concept, planning, design, development, test, execution, repair and disposal (Batra, Malik Dave, 2013). PRINCE2 (Projects in Controlled Environment) is a structured management method whose main effort is given on the division of the project into layered stages that are required to be controlled and managed (Lianying, Jing Xinxing, 2012). The different processes of these methods are the start, initiation, direction, control, management of products, managing boundary and end. Waterfall methodologies include a set of processes that is seen as a continuous flow of system (Newton, 2016). The main instances of this method consist of concept, initiation, analysis, construction, test, development and repair. This portion defines the similarities and dissimilarities between the PRINCE2 and SDLC methods. The basic similarity between these methods is that both of them are used for management of projects. In addition, they have the same processing structure. However, SDLC method is closed by evaluating the end products whereas the PRINCE2 method ends the process by termination. The SDLC methodology is also different in its application to small and less budget proposals. Project life cycle: The project outcome must achieve the goals intended. The project is supposed to include a beginning part, middle part and end part. The major parameters are start, planning, execution and closing. The start process involves the acquisition of the raw materials for the project. The planning part includes the focusing of detailed aspects in the project. The execution process involves the working with respect to the plan. The closing part involves getting the outcome (Burke, 2013). The PRINCE2 and SDLC methods mostly have the same structure when compared to the project life cycle. However, the methods discussed here are more elaborative in context when compared to the procedural structure of the life cycle of the project. Conclusion: Thus, it is concluded from the report that the different methodologies, which are adapted, provide the sole intent of management of projects. However, the methods have a different structure of execution, but the sole requirements are the achievement of outcomes. References: Batra, M., Malik, A., Dave, M. (2013). Formal methods: Benefits, challenges and future direction.Journal of Global Research in Computer Science,4(5), 21-25. Burke, R. (2013). Project management: planning and control techniques.New Jersey, USA. Dingsyr, T., Nerur, S., Balijepally, V., Moe, N. B. (2012). A decade of agile methodologies: Towards explaining agile software development. Lianying, Z., Jing, H., Xinxing, Z. (2012). The project management maturity model and application based on PRINCE2.Procedia Engineering,29, 3691-3697. Newton, R. (2016).Project management step by step: how to plan and manage a highly successful project. Pearson UK. Ojeda, O., Reusch, P. (2013, September). Sustainable procurement-Extending project procurement concepts and processes based on PMBOK. InIntelligent Data Acquisition and Advanced Computing Systems (IDAACS), 2013 IEEE 7th International Conference on(Vol. 2, pp. 530-536). IEEE.