Project Management Body Of Knowledge Framework

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.

This task examines the ABC case study “Inside The Square”. The primary objective of the report was to analyses the application of project management body of knowledge (PMBOK) in complex projects like the case study. The topic was researched through extensive sources including government bodies, course materials and other sources to provide the relevant information.

(Project definition: Planned set of interrelated tasks to be executed over a fixed period and within certain cost and other limitations)

Monitoring and controlling is the process group that starts at the start and ends at the end as it performs integrated change control to manage and control changes to the cost baseline, scope and schedule. Further, it helps in analyzing and measuring the performance of the project and finding the variation of the project from the project management plan and provides asolutions to those problems.

| |RIBA Stage B |Client’s |Preparation of general outline of |Studies of user requirements, site conditions, |

The Project Scope Statement was developed using expert advice from internal resources and external consultants. The Work Breakdown Structure uses the stage gate to separate out the phases of the project. When the project has moved to implementation phase, each location is separated into child elements of this phase. The Work Breakdown Structure allows he project team to understand their respective task and allows distribution of tasks to relevant team members, allowing costs to be evaluated, work packages scheduled and resources assigned (Mepyans-Robinson 2006, p.76)

Several adaptations to the traditional approaches like agile, interactive, phased, extreme, etc have been made but each will be expected to meet the requirements of the project objectives, timeline, resources, and deliveries of the stakeholders. Other industry standard certifications like ISO9000 and regulations like the Sarbanes-Oxley have also influenced methodologies and processes used by several organisations (Kerzner, 2003). Generally, managing projects should involved five major process which include the project initiation, planning, execution, monitoring and controlling, and then project closing. See Fig. 2 below.

Agile is an iterative and incremental (evolutionary) approach to software development which is performed in a highly collaborative manner by self-organizing teams within an effective governance framework, with "just enough" ceremony, that produces high quality solutions, in a cost effective and timely manner which meets the changing needs of its stakeholders [1].

Square Enix Co., Ltd has been a striving company in the gaming industry especially in the financial year of 2014/15 bringing home a net income of 9.8 trillion yens (US$80 million) (Watanabe, 2015), one of the best results since 2008. However, according to CSRHub (2015), Square Enix has been rated in the bottom 2 percentile for Corporate Social Responsibility Rankings, fairing lower than competitors. This has raised an alarm amongst the stakeholders and executives as environmental and sustainability issues were left out in the 2015 annual report (SQUARE ENIX HOLDINGS CO., LTD., 2015).

The idea is to enhance the understanding of the different approaches you can take in order to solve a business problem. It’s about the ability to understand processes that are behind sound management decisions and using the existing framework as a guide to improving decision-making and the overall business acumen.

The phrase agile refers to a software development methodology which promotes a project environment for adaptation, rapid delivery and client focus, self-organization and team work. Agile software development methodology is a conceptual framework for

The effectiveness of the project depends upon the methodology that was chosen for its development. Agile methodology is an emerging approach for software development while waterfall methodology is the traditional one. This paper presents the detailed and comparative study of agile and waterfall methodologies for project development. Both these methodologies have their applications in certain project development environments. The paper highlights basic principles, project development process, and planning and requirements value in agile and waterfall methodologies and specify their relevance for certain projects. The paper outlines the choice of methodology depending on certain factors in projects.

success; not selecting a workflow management system too early before the project leaders can be sure that

This report was carried out to find out how the PRINCE2 methodology can be implemented into the management of large system development project in other to produce the required outcomes from the project so as to reduce the chances of failure in the project. Thorough investigation into all aspects involved in managing projects with PRINCE2 such as: the variables controlled in project, how its principles can be applied in large project, the various process to be applied were carried out as well as the benefits and various issues associated with it. Based on the discoveries in this report, it proposes that PRINCE2 is of benefit to all project and not just limited to large software development project, it also discovered that a huge number of software development project fail due to schedule delay, budget overruns, quality issues, project cancellation. Employing PRINCE2 helps to identify these risks and help in the hindrance or reduction of the possible risk in the project so as to increase the chances of success in the project.

Customer 's contribution. Close inclusion of clients in the advancement procedure is needed so as to give and organize framework necessities, and assess framework 's emphasess.