Methodology Serves in Project Management-Free-Samples for Students

Questions: 1.Define what a Methodology is and the role it serves in Project Management. 2.Familiarise yourselves with the various Methodologies. Choose two Methodologies from this list to compare and contrast, analysing the similarities and differences between them both. 3.Finally, identify how your chosen Methodologies and processes relate to the Project Life Cycle. Answers: 1.Methodology- definition A methodology can be defined by a system based on varied practices, tools, process as well as rules that are used by those rules who likes to work in a discipline. Waterfall and Agile are some of the good examples of methodologies that will be discussed in detail in the report below. Role methodology serves in project management The company set some goals and plan outcomes within a definite plan as well as a budget with a manager that utilizes a project. Instead of field or any kind of trade, there must be some kind of assortments of different methods in order to assist the manager at every phase of a project from the starting to execute to the present closure (Hill, 2013). 2.Agile methodology The base of the Agile based methodology was introduced by seventeen people in the year 2001 in writing. This methodology also put forth an important mindset by providing values and associating with consumers (Crawford, 2014). The four main values are discussed below: - People and conversation over process and techniques Work in software over proper and discussed documentation Customer association over negotiation of a contract Response to transform over making and follow a plan In the present time, Agile can be defined as such values along with framework for executing them which also include extreme program and other framework like adaptive project (Batselier Vanhoucke, 2017). The team that is working on the project work in iterative way of cycle that always tests the final outcomes. Depend on the final outcome of the tests; the deliverable should be transformed to get better solutions for the need of consumers. Constant association is actually a key where both the project members of the team as well as with stakeholders. Waterfall This technique is about sequencing the work that leads to final offer and work on them in proper function. This methodology is called as waterfall methodology which can be called as traditional way for management of projects and the one that is simple and easy to understand. One work that should be finished before the next starts that too in a related pattern of present items that actually add to the complete deliverables (Tourond et al, 2017). It can be called as an ideal way for the projects that actually come out as physical objects and with project plans that can be simply duplicated for the future. 3.Association of Agile and SDLC with PLC Agile methodologies are for projecting that require extreme level of agility in needs. The key characteristics of agile methods are in short term cycles for delivery with need of agile, with dynamic culture of the team with less limited control on project and attention on communication in the real time (Turner, 2016). This model is taken as a legacy based model in order to have a software development projects. The methodology should be done in practice for almost ten years right before the new method were introduced at later stage. The current model is based on development related lifecycle has also fixed some stages and with liner level of timelines as well References Batselier, J., Vanhoucke, M. (2017). In this paper, the earned value management (EVM) project control methodology is integrated with the exponential smoothing forecasting approach. This results in an extension of the known EVM and earned schedule (ES) cost and time forecasting formulas. A clear correspondence between the established approaches and the newly introduced methodcalled the XSMis identified, which could facilitate future...International Journal of Project Management,35(1), 28-43. Crawford, J. K. (2014).Project management maturity model. CRC Press. Hill, G. M. (2013).The complete project management office handbook. CRC Press. Tourond, D., Moore, H., Kotani, N. (2017, March). Critical Success Factors and Engagement Methodology for Successful Project Delivery. InITCH(pp. 336-339). Turner, R. (2016).Gower handbook of project management. Routledge.