Define Methodology of Project Management †MyAssignmenthelp.com

Question: Discuss about the Define Methodology of Project Management. Answer: Define Methodology Definition: Methodology has been defined as a set of rules and principles with defined process and procedures that are utilized for solving or interpreting carious problems, issues while ensuring the discipline scope (Terlizzi, Souza Meirelles and Moraes 2016). Further, Joslin and Muller (2015) argued that methodology is a theoretical and systematic approach used for conducing any project or endeavor. Role in Project Management: Every project is associated with a certain number of goals and aims that needs to be completed within a scheduled time and provided resources. Terlizzi, Souza Meirelles and Moraes (2016) claimed regardless the type of project, the application of methodologies allows the project manager in efficiently conduct the project in an efficient manner. Larson and Gray (2013) defined methodology as a model that is used for employing the plan, design and implementation of developed objective for a project. Patwardhan et al. (2016) illustrated that project methodologies accommodate processes and techniques that guides the project stakeholders in completing an undertaken project. Project methodologies are characterized as standard processes that have been particularly designed for completing the task within a project. Inproject management the application of appropriate methodology allows the project team for tackling projects in an integrated, systematic and comprehens ive manner. Furthermore, in the concept of project management, methodology allows in completing the project in a cost-efficient and schedule-compressed manner. Various Methodologies VariousProject Management Methodologies According to Al-Azawi, Ayesh and Obaidy (2014), various types, requirements and complexity of project determines the particular project methodology that needs to be followed for completing the project. Various methodologies that are followed in project management are illustrated in the section below: PMBOK: According to Tipaldi et al. (2013), the methodology incorporating the PMBOK process in project management breaks the entire project in five processes namely project initiation, project planning, project execution, project controlling and project closing. The PMBOK follows various conventions and standards for managing a particular project. PRINCE2: The project methodology for PRINCE2 is utilized and employed for projects in Controlled environments. The planning approaches based on development of products are characterized in PRINCE2. Madgunda et al. (2015) cited that resource allocation and business justification are included while developing a project using PRINCE2 methods. SDLC: Joslin and Muller (2015) showed that SDLC methods are particularly utilized for the software development projects. The methodology of SDCL provides development of high-quality and standard software while ensuring the customer expectation, cost and time provided for completion of the project. Waterfall: Waterfall Methodology is a traditional approach that is used for software development projects. In waterfall methods, all the requirements and resources are identified and defined in the initial phase of the project. Waterfall Methods allows in developing the project in fixed timeline and fixed development phase. Agile: According to Terlizzi, Souza Meirelles and Moraes (2016), Agile Methods aims at adapting the constant and situation change within the project while including regular feedback from the customers. Agile methods allows in development of the project within multiple iteration while ensuring continuous improvement and development of prototype model. Differences between Waterfall and Agile The difference between the waterfall and agile methodology in project management is discussed in the section below: Waterfall Methodology Agile Methodology In the waterfall model, the project is divided into various modules or phases. Agile methodology supports the segregation of the project into various sprints. Waterfall model provides detailed structure to the project for completion. Agile methods provide flexibility to the development process of a project. The project is completed as on single project at one time; no prototype is developed. Agile includes iteration of the project development with implementation off prototype model in each iteration Patwardhan et al. (2016). Waterfall model does not include the customer incorporation during the internal development process Joslin and Muller (2015). Agile Methods includes the customer feedback after the completion of one sprint for developing effective product and ensuring customer satisfaction. Waterfall model fails to incorporate new scope within midway of the project. Agile promotes and can incorporate new scope and modification within the project. Similarities between Waterfall and Agile Madgunda et al. (2015) cited that agile and waterfall model are extensively used in the project related to software development. Both the methodologies include planning, requirement analysis, software design, and implementation, testing and monitoring phases. Larson and Gray (2013) claimed that the development of the agile methodology was done for opposing and overcoming the issues in the waterfall module. Therefore, there does not exist many similarities between the two methodologies. Although, Tipaldi et al. (2013) have identified that both the methods aims at providing efficient completion and providing quality project. Methodology Related to Project Management Patwardhan et al. (2016) illustrated that the each project aims at providing he completing within the allocated time and budget. The application of an appropriate methodology while completing the project allows ensuring proper standard and process during development. According to Larson and Gray (2013) the particular path that is being followed for completing a project can be defined as project life cycle. The project life cycle generally includes three major phases namely project initiation, project planning, project implementation and project closure. The selected methodology agile and waterfall model ensures proper application and following detailed process through the project life cycle. Terlizzi, Souza Meirelles and Moraes (2016) showed that in waterfall model, all the phases are included from initiation to closure and are used for completing the project. In Agile Methods all the phase of PLC are iterated in each sprint for project completion. Therefore, project methodologies fo llow PLC for completion of any project. References Al-Azawi, R., Ayesh, A. and Obaidy, M.A., 2014, January. Towards agent-based agile approach for game development methodology. InComputer Applications and Information Systems (WCCAIS), 2014 World Congress on(pp. 1-6). IEEE. Joslin, R. and Mller, R., 2015. Relationships between a project management methodology and project success in different project governance contexts.International Journal of Project Management,33(6), pp.1377-1392. Larson, E.W. and Gray, C., 2013.Project Management: The Managerial Process with MS Project. McGraw-Hill. Madgunda, S., Suman, U., Praneeth, G.S. and Kasera, R., 2015. Steps in Requirement Stage of Waterfall Model.International journal of computer mathematical sciences, pp.86-87. Patwardhan, A., Kidd, J., Urena, T. and Rajgopalan, A., 2016. Embracing Agile methodology during DevOps Developer Internship Program.arXiv preprint arXiv:1607.01893. Terlizzi, M.A., de Souza Meirelles, F. and de Moraes, H.R.O.C., 2016. Barriers to the use of an IT Project Management Methodology in a large financial institution.International Journal of Project Management,34(3), pp.467-479. Tipaldi, M., Gtz, C., Ferraguto, M., Troiano, L. and Bruenjes, B., 2013. The Robust Software Feedback Model: an effective Waterfall Model tailoring for Space SW.Proceedings of DASIA-Data Systems in Aerospace.