A Project Management Methodology For Managing Projects

According to A Guide to the Project Management Body of Knowledge (PMBOK® Guide), - Third Edition,

The paper is divided into three sections, the first of which will establish a timeline of events. This project background will serve as a case study for the analysis in the following section that will be structured such that each of the previously mentioned facets will be independently analyzed and contrasted with project management principles. Finally the paper will conclude with a summary of the analysis and recommendations based on

Project management (PM) system processes are essential for successful performance within an organization. ?Successful performance leads to customer delight, although insured, is totally possible through proper application and quantifiable control of project management processes?, (Akkiraju, n.d., p. 2). Project management involves components that PM mangers follow when preparing to enter into a venture. The PM use planning, hazard management, execution management, change

With the exceptional growth in technology, the present day projects are often large and complex involving a significant risk. So, a Project Management Methodology enables the delivery organization to handle these projects comprehensively, systematically and in an integrated manner, which results in strategic, tactical and operational benefits.

Gray, C. F. & Larson, E. W. (2008). _Project Management: The Managerial Process_. Boston, MA: McGraw-Hills Companies, Inc.

The Project Management Body of Knowledge (PMBOK) is a collection of processes and knowledge areas generally accepted as best practice within the project management discipline. PMBOK recognises 5 basic process groups and 9 knowledge areas typical of almost all projects. The basic concepts are applicable to projects, programs and operations. The five basic process groups are:

PRINCE2 is an organized way to deal with project administration. It gives a strategy to overseeing projects inside of a plainly characterized system. PRINCE2 define methods to facilitate individuals and exercises in an project, how to outline and direct the task, and what to do if the project must be adjusted that it doesn't create as arranged. In the strategy every procedure is determined with its key inputs and outputs and with particular objectives and exercises to be completed.

• Past evidence to manage big projects:- In year 2000, conversion of order management AtekPC used project management approach. They got everyone together and got it done smoothly. Everyone appreciated it and said it was done well.

The Project Management Body of Knowledge (PMBOK), published by the Project Management Institute, addresses the objective of a Project Management Office (PMO) as follows:

In the first paragraph of chapter 2 ‘Project Management’, the traditional way of project management is explained. The basic idea behind the traditional approach is that projects are relatively predictable and the goal is optimization and efficiency in following a project plan to finalize the project within the triple constraint (Spundak, 2014). The traditional approach emphasizes that a uniform way of doing project management is the main reason for why it was introduced; however, prescribing that the same methods and techniques could be applied to all projects in the same way, especially when companies are getting more innovative, is not quite realistic anymore. ‘Projects become progressively complex, with a higher number of tasks and complex interrelations, while the traditional project management approach is based on mostly hierarchical and linear task relations and cannot properly reflect all complexity and dynamics of today’s projects’ (Williams, Thomas, & Hodgson, 2006).

Effective project management cannot be achieved without leveraging some of the industry best practices and methodologies. One such framework that we are going to analyze is the PRINCE2.

Second, reason it 's totally different is that it devotes fewer than 10 pages to the announcement found within the Guide to the Project Management Body of information (PMBOK) printed by the Project Management Institute (PMI). Instead, with the realistic logical based on project leader experiences and responses that have stood the check of your time, it presents sensible applications supposed as a short summary of the discipline of project management.

The Project Management Plan (PMP) provides the general overview and establishes specific strategies and milestones for the preparation of study notes and delivery of presentation on the topic “Developing the Project Team “. The PMP will define the project 's requirements and expectations. This document will be updated as required, if there is any change in the subsidiary management plans.

The Project Management Body of Knowledge (PMBOK) is a collection of procedures and learning areas acknowledged as

1. A Guide to the Project Management Body of Knowledge; PMBOK Guide. 2008 Fourth edition. United States of America. Project Management Institute, Inc.