Project Management Methodology for Procedia- myassignmenthelp

Question: Discuss about theProject Management Methodology for ProcediaEngineering. Answer: For achieving the goals and for a defined schedule and budget, the manager tends to use a project. The methodology is a model which the project manager employs for a better designing, planning and the implementation of their objectives for a project. Jhertzfeld, (2006), considers that the project management is the art to work on the different defined constraints related to the scope, time, cost and quality. In this, the team has to organize the commitment of effort in order to produce a proper outcome, considering the constraints. The project manager is the person who is responsible for driving the project to success. Meredith Mantel, (2011), consider the project management mainly in terms to produce the project outcomes related to the cost, a proper scheduling, and the specifications. The project managers are considered to work on developing and executing the plans that meet the different parameters and focus on outcomes in terms of requirements. According to them, the knowledge, skills, and tools are important to meet the expectations of the client and focus on delivering the product rather than project specifications. Mullaly M., (2003), quotes project management as the way to manage the job functions for which the project managers are responsible for. The role of managingof producing a proper delivering and then overseeing the project as a whole helps in clearly communicating a defined value. Its role The effective use of PM is in the project management practices which includes: The adaptive framework of the project with certain constants like the time and cost. For proper execution of the project, the project scope is adjusted depending upon the maximum business value of the project. The Agile Software development for the project needs with extreme agility in requirements, dynamic team culture, and less restrictive project control. They are for lowing the cost which relates to the changes of requirements that are important for the fine-scale feedback and the continuous process (Karaman Kurt, 2015). The methodology focusses on the simple and the well-defined process with proper planning so that the different activities could be handled. The role is to develop products faster with a higher and better quality. The aim is to gather the requirements and use the workshop prototype that is used for getting clear requirements and re-use the software components with the development of timelines. Compare and contrast Similarities: The project management helps the people adopt a generic approach to using it with any project. Considering the risk areas, PM team and organization helps in creating a successful project that offers a greater flexibility and control. The inputs, outputs, tools, and techniques with knowledge areas include Integration Management, Scope, Time and cost management with proper procurement services (Jamali Oveisi, 2016). It helps in defining and approaching to execution and monitoring the control with tracking the progress and checking the performances which are required for implementing the required changes. Differences Prince 2 PMBOK Approach Prescriptive approach with templates, and proper roles and responsibilities for the different stakeholders. The body of knowledge with highly descriptive comprehensive that includes the different processes, tools, and the techniques. Knowledge approach The process-driven approach that helps in describing the Project Manager and the other stakeholders. They tell them what needs to be exactly done in the project. The approach is to define the knowledge collection and recognize the project best practices which a project manager should know. Knowledge areas Integration There is a combination of the processes, themes and the changes. Efficiency Requires scope, time and cost A proper planning, with business case and progress. Risks Risks Risks Procedure Communication Progress Procurement Yes None Management HRM, Stakeholder Management Organisation The processes of Prince 2 are to focus on starting up a project which includes the activities to assemble the project management team and create the project brief depending on the approach, and the plan. The project initiation is depending upon documenting the project plan, business case, risks and the project for the next project. Project Direction is to control the project and involve the authorizations with giving a proper direction and confirming project initiation stage plans. The controlling phase is related to the activities and then managing the issues with status reviews and then also taking different actions for escalating the issues and receiving the work packages. The management of the stages with proper planning and updating the information depends on handling the risk logs and reporting the ends of the project. The management of the product delivery with its closure includes the proper final testing and delivery package. The project life cycle is handled through working on project delivery of the new or the changed products. With this, there are roles to determine the different aspects of the project that will ensure a proper planning to work in detail (Brioso, 2015). The importance of the project is to evaluate the original plans and plan to lesson depending upon expected costs and benefits with operations. The analysis is done for the business case to recognize the project management from the customer side with major advantage to maintain the focus on business products as well. References Brioso, X. (2015). Integrating ISO 21500 guidance on project management, lean construction and PMBOK.Procedia Engineering,123, 76-84. Jamali, G., Oveisi, M. (2016). A Study on Project Management Based on PMBOK and PRINCE2.Modern Applied Science,10(6), 142. Jhertzfeld, (2006).Simple Definitions: Project, Project Management, Project Manager. [online] Available at: https://it.toolbox.com/blogs/jhertzfeld/simple-definitions-project-project-management-project-manager-070606 Karaman, E., Kurt, M. (2015). Comparison of project management methodologies: prince 2 versus PMBOK for it projects.Int. Journal of Applied Sciences and Engineering Research,4(5), 657-664. Meredith, J. R., Mantel Jr, S. J. (2011).Project management: a managerial approach. John Wiley Sons. Mullaly, M. (2003).Project Management: A New Definition. [online] ProjectManagement.com. Available at: https://www.projectmanagement.com/articles/183068/Project-Management--A-New-Definition.