Changes And Development Of Project Management

999 Words May 26th, 2016 4 Pages
Changes in Project Management
Abstract
This report discusses changes in project management in today’s world of ‘internet time’ and dominance of ‘time-to-market. It also lays emphasis on alternative development methodologies instead of traditional methodologies which should be adapted in order to prosper in today’s tempestuous environment. In this modern world, business needs are changing at a fast pace and to confront these changes new and advanced development methodologies should be practiced for success and growth of business.
Introduction
We all know that change is constant and happens at an increasing rate especially in today’s world which is internet time and where there is dominance of ‘time-to-market’ (Wysocki 2007, p. xxxi).
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Currently, business processes are more complex and interconnected than ever before and they discard traditional organizational structures (Hass 2016). By using alternative methodologies instead of traditional ones, organizations can handle exceptional changes, time-to-market compression, rapidly changing technologies and increasing complexity at every turn (Hass 2016).
Overview of Traditional Methodologies
Traditional methodologies are characterized by a sequential series of steps like requirement definition, planning, building, testing and deployment (Optimus Information 2016). There are various traditional methodologies but three most substantial ones are Waterfall, Spiral Model and Unified Process (Awad 2005, p. 3).
• Waterfall – Royce presented this SDLC and it comprises of sequential completion of every phase before moving on to next phase. It is kind of impractical methodology because waterfall states that requirements should be fully completed followed by completion of analysis and design (Aitken & Ilango 2013, p. 4752). It doesn’t give the leverage in modification of requirements during later stages.
• Spiral Model – It combines prototyping and design in order to get advantages of bottom-up as well top-down notions. It is an advanced form of waterfall method. The four main phases include objective setting, risk assessment,
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