Premium Essay

Project Management Methodology

In: Business and Management

Submitted By starfox
Words 856
Pages 4
Project Management Methodology
Project Management methodology is " is a strictly defined combination of logically related practices, methods and processes that determine how best to plan, develop, control and deliver a project throughout the continuous implementation process until successful completion and termination. It is a scientifically-proven, systematic and disciplined approach to project design, execution and completion"(McCollell, 2010).

10 Types of Project Management methodologies

1. Agile Methodology helps a manager define the project with the stakeholders, improve team input, and have efficient project monitoring.
2. Water Methodology is used once the project scope is defined to assign teams with clearly set goals and timelines. Typically used software to get the model useable.
3. Change Management Methodology helps a manager prepare for planned and unplanned changes with offering how to deal with both stakeholders and team when change occurs.
4. Risk Management Methodology is used for identifying risk and how to deal with them. Risk management is useful for analyzing how a risk is going to affect the project
5. Quality Management Methodology is used to ensure a quality end-product and that all the process involved during the project life cycle is carried out efficiently.
6. Prince2 manages using cost, timescale, quality, scope, risk, and benefits
7. Six Sigma is identifying and removing the causes of defects is a process
8. Rapid application development is an interactive use of structured techniques that prototypes a system design.
9. Package Enable re-engineering- traditional method of PMM.
10. Kanban- Where a project work is displayed on a board. 5 Phases of PMI Project Management Methodology

1. Project conception and initiation- Project or no project? Is a project worth it for the company?
2. Project definition and planning-…...

Similar Documents

Premium Essay

Project Management

...MAN620/ADM720 Project Management Lecture Session 1 : 26th January 2010       An introduction into project management with some history of project management and some contextual information. How project management has permeated almost all aspects of working life. The evolution of the project management context. Why and under what circumstances project management is used. What characterizes projects and differentiates them from other forms of management. Examples of projects – large medium and small. Chapter 1 - An Introduction to Project Management The Project Management Book of Knowledge (PMBoK) defines Projecy Management as “the application of knowledge, skills, tools and techniques to project activities to meet project requirements”. In the course outline we make the following statements with regard to what this course promises you engineering students. In the engineering environment, Project Management can be practiced either a stand-alone professional discipline or as an integral part of the delivery mechanism for engineering services. Either way, all engineers need a thorough understanding of Project Management theory, principles, practices, tools and techniques. This course has been structured to stimulate the interest of student engineers in the discipline of Project Management and to equip them with sufficient knowledge of the discipline to meaningfully participate in project work at an early stage. Many organisations do not employ full time Project Managers......

Words: 5880 - Pages: 24

Premium Essay

Project Managent Methodology

...Project Management MethodsThere are all kinds of projects, and methods used to manage and organize them. Experts analyze types of projects, how they are managed and try to discover and report the reasons why some projects fail while others succeed. In the previous section, I talked about management of teams and how to have a healthy team so I'll avoid that concern in this section. This section concentrates on best practices and methods for managing projects. Best practices and methods that are most effective on a given project vary depending on the characteristics of the project. Project CharacteristicsBelow I have listed some major characteristics that will influence team performance on the project and therefore affect risk. In some cases, when the project in conceived, the technology to be used or tools to be used may not yet be determined. However some preliminary ideas in these areas should be available during the inception phase of the project for a rough estimate of risk. * Size - Large, medium, and small. * Complexity - Simple through complex. * Tool Familiarity - The team may be familiar or unfamiliar with the tools to be used on the project. * Technology experience - The team may be more or less experienced with the technologies to be used on the project. This can be called high technical risk. * Static and Known Project Requirements - How static the project requirements are influence the project greatly along with the risk the team and/or management......

Words: 1266 - Pages: 6

Premium Essay

Project Management

...accuracy and completeness of the project plan. Do you agree with this statement? Why or why not? Progressive elaboration permits the evolution and solution of a project to emerge. I must declare I completely agree with said statement. The idea of progressive elaboration refers to a project management technique within which the project set up is regularly changed, elaborated and improved as newer info becomes offered. Progressive Elaboration unendingly details a thought and specific info and a lot of correct estimates become offered because the project progresses, manufacturing a lot of correct and complete plans that result from the sequential iterations of the design method. Progressive elaboration is delineate by the Project Management Institute (PMI), in their guide to the Project Management Body of data (PMBOK® Guide), as a best observe. Progressive elaboration is analogous to alternative best practice components. It’s explained within the PMBOK® Guide and its use is usually recommended in many instances. The precise way to use it in a project management method would depend upon the methodology used. A number of the agile project management methodologies counsel on sharply unvarying or multi-step processes that will need active progressive elaboration, whereas methodologies just like the System Development Life Cycle (SDLC) suggests one cycle with terribly restricted iteration, requiring direct definition and fewer elaboration on project detail. Due to the......

Words: 563 - Pages: 3

Premium Essay

Project Management

...customised web and server-based projects. I have extensive experience in planning, executing, monitoring and closing projects, and have yet to encounter a deadline I couldn’t meet. I am highly organised, have good knowledge of project portfolio management software, enjoying interfacing with clients, and can effectively implement procedures following PMI methodologies. I am valued for the passion I put into my work. More than anything, I look forward to a stimulating position in a supportive team where I can continue to exercise and develop my skills. Education SEEK Learning Online PMI Project Management Professional Graduated: 2008   University of New England Armidale, NSW Bachelor of Information Technology Graduated: 2007   Work Experience April 2008 – Present: Junior Project Manager Diverge Data Sydney, NSW Diverge Data is a specialist IT services provider that helps clients build and manage their IT infrastructures. Responsibilities: * Manage and deliver low risk projects with medium-sized development teams * Assist the project manager in project delivery * Prepare and assist with project documentation, scheduling, issue tracking, resource management and QA * Present project reports * Liaise with project stakeholders directly to define and deliver their needs * Track, schedule and manage projects using Endeavour project management software Achievements: * Consulted on a 10-month project to develop a system that......

Words: 504 - Pages: 3

Premium Essay

Project Management

...2 3.0 PROJECT MANAGEMENT 2 4.0 PROJECT MANAGEMENT PROCESS 3 5.0 PROJECT LIFE CYCLE 3 6.0 FIRST PROJECT MANAGEMENT PROCESS- PROJECT INITIATION 5 6.1 BENEFIT AND LIMITATION IN PROJECT INITIATION PROCESS 7 7.0 SECOND PROJECT MANAGEMENT PROCESS- PROJECT PLANNING 11 7.1 BENEFIT AND LIMITATION IN PROJECT PLANNING PROCESS 13 8.0 THIRD PROJECT MANAGEMENT PROCESS- PROJECT EXECUTION 14 8.1 BENEFIT AND LIMITATION IN PROJECT EXECUTION PROCESS 16 9.0 FOURTH PROJECT MANAGEMENT PROCESS- CONTROLLING/MONITORING 18 9.1 BENEFIT AND LIMITATION IN PROJECT CONTROLLING/ 20 10.0 FINAL PROJECT MANAGEMENT PROCESS – CLOSING PROCESS 22 10.1 BENEFIT AND LIMITATION IN PROJECT CLOSING PROCESS 23 11.0 BIBLIOGRAPHY 25 12.0 APPENDICES 27 1.0 INTRODUCTION To know the benefit and limitation of using single process for managing projects, firstly we need to know what is project, project management and what is the process to manage projects. 2.0 PROJECT Project is viewed as a conversion or transformation of some form of input into an output. The inputs are some form of want or need which is satisfied through the process. (Harvey Maylor, 1996) 3.0 PROJECT MANAGEMENT According to Project Management Methodology guidebook, project Management is the process of achieving project objectives (schedule, budget and performance) through a set of activities that start and end at certain points in time and produce quantifiable and qualifiable deliverables. Project......

Words: 6687 - Pages: 27

Premium Essay

Project Management Methodologies(Not Mine)

...Project management Methodologies Olga Botero PM620-1003A-01 Schedule and Cost Control Techniques Dr. Mathew Gonzalez July 19h 2010 Project Management Maturity Model (PMMM) • Common language – Recognize the need for Project Management – Common terminology • Common processes – Successes can be repeated on other projects – PM can support other methodologies • One single methodology for all projects • Monitoring and benchmarking • Continuous improvement (Kerzner, 2009, pp. 928-929) Different PM Methodologies • There are approximately 150 (Gonzalez, 2010) • Some of them are: – PMBOK - Six Sigma – Agile - Waterfall – Scrum - Spiral – CCPM - Prince2 – Rational Rose - Open Source • A methodology is a set of guidelines or principles that can be tailored to a specific situation (Wideman, 2005) A Comparison Guidelines PMBOK Agile CCPM Heavy Management Control Multitasking allowed Expert Team Oriented Open Status Reporting Continuous Changing Processes Heavy Risk Management Hierarchical Structure Yes Yes No No No Yes Yes No Yes Yes Yes Yes No No Yes No No No No Yes Yes Phase Organization (Perrin, 2007), (CCPACE, 2008), (PMBOK, 2008) Yes No Yes Feature Summary • PMBOK – Structured and well documented – Excellent for complex projects • Agile – Team oriented – Open documentation and participation • CCPM – Critical path oriented, constrain driven – Resource commitment until path is finish Recommended Model • Agile Methodology – E-mail project...

Words: 438 - Pages: 2

Premium Essay

Project Management

...been resistance because the creation of methodology will run parallel to corporate procurement. This possible fact places fear in those individuals that run the risk of losing their job if the methodology they employ replaces them or makes their position become obsolete. Individuals within the organization of the procurement department will no longer possess the upper hand and/or power they have become accustomed to and desire. For this desire, leads to a sense of job security. A lack of maturity is prominent in the corporate culture. If maturity was evident, then there would be a more accepting ideology that fosters cooperation sustained in an effective project management methodology. Instead, there is a strong opposition to maintain the status quo. However, it is the Executives that realize that if the company has any chance to succeed in their industry, they must fall in line with other competitors. Authority and responsibility can reside in the lower level; however accountability must reside in the hands of upper management who have the ability to take what they have gained from the lower levels and put it into action. Action taking place results in the organizational goals being attained. Given the past, individuals have avoided their due diligence in producing an effective project management methodology, so reporting to the Chief Information Officer does not seem to be the appropriate channel. The project management office should report directly to the......

Words: 293 - Pages: 2

Free Essay

Effects of Culture on Project Methodology

...Question 1: After reading the lecture material contained in Lecture 2-2, what ways do you feel culture plays in the establishment of a project methodology? Use examples of your past experiences or research into the topic to support your answer. As you will find in my posts, I try to buck the system and go against the majority, not because I think I am right, but to see if I can convince myself and others that there might be unforeseen conclusions in the way we are thinking. But, with this discussion, I would find it very difficult to disagree with everyone that has posted thus far. Organizational culture does play a major role in establishing project methodology. The organizational culture is a system of shared beliefs, values, and assumptions by which people (employees) are connected. Culture is also one of the defining aspects of an organization that sets it apart from other organizations even in the same industry. The organization culture has several defining functions that affect each employee: The first is culture which provides a sense of identity for its members. People will feel a close and strong connection with the organization if the mission of the organization is well defined and values are well stated. Secondly, the culture helps legitimize the management system of the organization. The system must also be well defined and clear. The employees must understand the structure of the company and understand authority relationships and why their authority is...

Words: 1090 - Pages: 5

Premium Essay

Project Management

...MBP1133 | Project Management Framework Prepared by Dr Khairul Anuar L1 – The Project Environment www.notes638.wordpress.com 1 Lecture Topics 1. 2. 3. 4. 5. 6. 7. 8. 9. 10. 11. 12. 13. 14. 15. 16. 17. Introduction Understanding Project Management Overview of Project Management Project Management according to PMBOK® Guide What is a Successful Project Management Benefits of Project Management Obstacles in Project Management Project Deliverables Project Stakeholders Defining Project Success Defining the Project Manager’s Role Project Scope and Product Scope Project Management Success Factors Project Management Failure Project Life Cycle Integrated Processes of Project Management Integrated Processes of Project Management 2 1. Introduction • PM started about 40 years ago in the US in the Department of Defense contractors and construction companies. • Today, the concept behind project management is being applied in such diverse industries and organizations as  defense, construction, pharmaceuticals, chemicals, banking, hospitals, accounting, advertising, law, state and local governments, and the United Nations and  even transitional planning for a new US president (Romney Readiness Project, in 2012), and  NGOs/disaster relief organisation 3 4 2. Understanding Project Management • A project can be considered to be any series of activities and tasks that:  Have a specific objective to be completed within certain specifications  Have defined start and end dates  Have......

Words: 1391 - Pages: 6

Premium Essay

Project Management and Project Success

...Project Management and Project Success Project management is the facilitation of the planning, scheduling and controlling of all activities that need to be done in the project in order to achieve project objectives. Project management is a very important term in large and small businesses because all businesses are eager to implement new activities, such as the development of a new project and service. In addition project success requires proper planning and help from a management team. A project can be successful if it exceeds customer requirements, the business aims are understood and it meets the objectives. The aim of this essay is to critically analyserelevant academic literature for factors contributing to the successful delivery of computing projects. This essay begins by providing a brief overview of Waterfall and Agile then moves on to critically analyse them. Following that the importance Risk Management will be discussed.Finallyan additional project management will be discoursed and essay then concluding the main point of the findings. There are many different types project management approaches, but the most common project management approached which are being used in around many years are Agile and Waterfall. Agile project management has been around for more than 25 years. This approach was first defined as Agile Manifesto by Martin Fowler and Jim Highsmith. Manifesto has been a controlling valuein entire Agile Project Management models (Robert K. Wysocki,......

Words: 1337 - Pages: 6

Premium Essay

Project Management

...Project management From Wikipedia, the free encyclopedia Jump to: navigation, search Business administration | | * Company * Business * Conglomerate | Business organization * Joint-stock company * Limited liability company * State-owned enterprise * Privately held company | Business entity * Cooperative * Sole proprietorship * Partnership * Corporation | Corporate governance * Annual general meeting * Board of directors * Supervisory board * Advisory board | Corporate titles * Chairman * Chief executive officer (CEO) * Chief financial officer (CFO) * Chief information officer (CIO) * Chief human resources officer (CHRO) * Chief business officer (CBO) * Chief technology officer (CTO) | Economy * Commodity * Public economics * Labour economics * Development economics * International economics * Mixed economy * Planned economy * Econometrics * Environmental economics * Open economy * Market economy * Knowledge economy * Microeconomics * Macroeconomics * Economic development * Economic statistics | Corporate law * Commercial law * Constitutional documents * Contract * Corporate crime * Corporate liability * Insolvency law * International trade law * Mergers and acquisitions | Finance * Financial statement * Insurance * Factoring * Cash conversion cycle * Insider dealing * Capital budgeting * Commercial bank * Derivative * Financial statement......

Words: 6480 - Pages: 26

Premium Essay

Approaches to Project Management and Methodology

...AS1: Approaches to Project Management and Methodology March 2015 1. Standard approaches to manage projects Provide brief descriptions of the following standard project management approaches: (a) The traditional approach (5 steps) The traditional approach to project management identifies a sequence of five steps to be completed in chronological order, as follows: * Initiation * Planning * Execution * Monitoring * Completion/closure Most projects will incorporate these stages, even where more complex project management methods are used but it is a method suited to simple, smaller projects, which do not have multiple tasks and people within the project team. (Hom 2013) Available at: http://www.businessnewsdaily.com/4014-project-management.html) Accessed 25/03/15 (b) Critical chain project management This method was developed by Dr. Eliyahu Goldratt and introduced in his book ‘Critical Chain’ (1997). It applies his Theory of Constraints to address project delivery issues, such as missed deadlines and increased costs and it focuses on eliminating delays due to uncertainty and over-estimation of task duration. The critical chain is comprised of the tasks which result in the longest path to project completion, with critical resources assigned to the tasks. The project schedule is then shortened by reducing the estimated task time and buffers are built in to provide for conflicts. Available at:......

Words: 2085 - Pages: 9

Premium Essay

Project Management

...Managing Projects Table of Contents Task 1 3 1.1. Network diagram 3 1.2. Total float 3 1.3. Critical path. 4 1.4 Timetable 4 1.5. Adjusted timetable 5 1.6. Limitations of the network diagrams 6 i. Time 6 ii. Costs 6 iii. Ambiguity 7 iv. Complexity 7 v. Reliability 7 vi. External factors 7 Task 2 7 2.0. Executive summary 7 2.1. Introduction 8 2.1.1. Project management 8 2.1.2. The roles and the scope of the project manager in a company 9 2.2. Project management techniques 10 2.3. Methodology 10 2.4. Project development stages and process 11 Initiation stage 12 Planning and designing stage 13 Execution of the project 13 Monitoring and controlling stage 14 Closing stage 14 2.5. Risks and control problems 14 2.6. Recommendations 16 2.7. Conclusion 16 Reference lists 18 Task 1 1. Network diagram [pic] 2. From the below snapshot derived from a programming software, the total float days is equal to 76 days [pic] 3. From the below diagram, the critical path is determined by the longest duration between the tasks that the project may take to complete. The red arrows denote the path. This time does not include the floats between the tasks but instead the period between the parallel tasks (Nigel 1995). [pic] 4. |ID |Task Name |Duration (Days) |Start ...

Words: 3680 - Pages: 15

Premium Essay

Best Practices in an Organization’s Project Management Methodology

...Week One Assignment Best Practices in an Organization’s Project Management Methodology Todd A. Jenderseck Florida Institute of Technology BUS 5668 Cases in Applied Project Management October 30, 2011 Best Practices in an Organization’s Project Management Methodology Every company should provide their project managers with best practices (Devine, 2011). The reason is fairly logical; for the company to make the most money, project managers (actually all employees) need to be as efficient as possible. One way to do this is to equip the project manager with the best practices that have been developed, learned, and implemented in the company in order to streamline the project management process. Without the establishment and sharing of such best practices, each project manager will have to “reinvent the wheel”. Such an activity requires time and effort that could be put to better use if the project manager had been given access to best practices at the outset of the project. Furthermore, the tool that the project manager eventually selects, may be sufficient for the project, but may not be the most efficient tool for the company. Best practices are the “optimal method recognized within a given industry or discipline to achieve a stated goal or objective,” (Devine, 2011, slide 11). Such practices will allow project managers to deliver consistent, predictable, and successful projects (Devine, 2011). However, since new practices are always being discovered and......

Words: 969 - Pages: 4

Premium Essay

Project Management

...------------------------------------------------- The tools of project management tailored to event management Whether events for professional or festive, all agencies have or will have, at one time or another, to organize what is commonly called an "event". If the preparation and execution of these events are seen as projects, implementation methods and tools of project management is now widespread in these activities. The event projects are they like other projects? The organization of specific events such as congresses, conferences, concerts and weddings is becoming a discipline in itself. Several organizations are now in their specialty. There are many guides that offer methodologies to optimize their unwinding. However none of these methods is using the traditional approach of full project management. We will therefore try to analyze the adaptation of the approach to project management to event management. Project management event has attributes that distinguish it from the management of projects in other sectors. The first is the invariability of maturity. Insofar as it is announced well in advance to many participants, the only alternative to meeting the deadline is the cancellation of the event. The second attribute is the concentration of the result of many activities prior to a limited time. It would be unthinkable to organize an event as and when it unfolds. The third is the "consumption" of the product produced when the event is held. After this, it remains...

Words: 2849 - Pages: 12

Eco-Friendly | Attraction (2017) [BluRay] [720p] [YTS AM] | Download