The Core Values Of The Traditional And Agile Project Management

Project management with its concepts, theories, methodologies, tools and techniques has developed during the last 30 to 40 years. There are number of other methods of project management which have emerged in recent years, and also started to be used in various projects by both the private and public sectors. Although some modern theories of project management are developing, that doesn’t mean that the traditional ones are no longer used or suitable for current project management practices. Both the traditional and modern project management approaches are still used in everyday project practices, though there have been some debates whether to rigorously adhere to the traditionally accepted approach or to apply newer and modern approach, because the traditional ones are considered to be

Risk or threat is common and found in various fields of daily life and business. This concept of risk is found in various stages of development and execution of a project. Risks in a project can mean there is a chance that the project will result in total failure, increase of project costs, and an extension in project duration which means a great deal of setbacks for the company. The process of risk management is composed of identifying, assessing, mitigating, and managing the risks of the project. It

Agile Project management is one of the industries dominating methodology for project management in IT. It is an incremental and iterative way to manage the build and design activities for constructing an IT product, services, and project development in manner which is highly interactive and flexible. In this methodology, scope is defined in granularity that is appropriate with time horizon and checked with the agreement on each feature with the customer. In this methodology work steps are divided with feature breakdown structures. In order to track the progress of the project progress charts are used instead of Gantt charts. Cross-functional and test-driven development teams starts working from the very beginning of the project to provide

In order to achieve successful results within established time-frames and budgets, project managers are likely to employ methodologies models. A project methodology is a model that aids managers to plan, design and implement their project goals. Project methodologies are helpful to project manager in any field, for instance, Niel Nickolaisen CIO at the Western Governors University, is an advocate for the agile software development methodology. As these models grants flexibility when dealing with stipulations and scope changes on a project. Needless to say the agile software development methodology is just one example of a varied assortment of methodologies, each with their strengths and weakness. As such, it is up to the project manager to decide which methodology fits their needs, as there isn`t a one fits all solution.

The Agile Methodology Principles makes the development much faster because the primary importance is given to the customer satisfaction and continuously delivers product. Even though requirements change at the ending phase the product is developed. The Agile development insist the self-organizing team which can create requirements, best architectures, best models. The Agile development promotes a distinct way of thinking to build things and methods to deliver continuous improvement of product. It facilitates to make best practices and decisions together. It a development to promote the adaptive planning, continuous improvement, evolutionary development and delivery, and required time to complete work. It encourages for rapid response to change in the whole development cycle. The project team prefers agile development to move in a creative and quick way. The project progress also depends on working software and project environment and support is provided and built by the individuals. They promote the sustainable environment. Constant attention is provided to the technical excellence and best models are given by the agile methodology. This principle helps the project team members

Project Management is the application of knowledge, skills, tools and techniques to project activities to meet project requirements (Project Management Institute, 2008; Gordwin, 2012). When applying this knowledge effective management of appropriate processes is required. Risk Management is considered most critical and includes the processes of conducting risk management planning, identification, analysis, response planning, and monitoring and control on a project. The purpose of the risk management plan is to establish framework in which the project team will identify risks and develop mitigation strategies to avoid, eliminate or convert to

Nowadays, the economy evolves rapidly and levels of competition force companies to adopt new approaches In order to keep up with market changes. Many large and medium scale companies have multiple projects and programs in progress, and they are using PMO as an essential part to apply to project management practices. Over time, many companies with long histories of successful PMO and project management practices may want to accelerate their project performance and adopt Agile as a new approach for their projects. As a result, this change can play an important role to raise different type of problems and difficulties between the existing PMO and Agile development team (Agile developers).

Agile techniques should be used to solve the current issues faced by the company as agile techniques normally being used by the software industry help the business to act in response under the unpredictable situations faced. In Agile methodologies opportunities are been provided to evaluate whether the project is under the direction all through its development cycle. All this is being accomplished with the help of regular tempo kept in work, and the teams must show a product which is having the desired potential.

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.

This paper describes Agile development methodologies and their benefits. Section II presents key elements of Agile. Section III presents benefits of Agile development methodologies over traditional waterfall methodologies.

In addition to reading the course notes, I also looked at what APMBOK (Association for Project Management, Body of Knowledge 2009, 6th Edition, UK) said about this critical area of Project Management. Additionally, I researched what my Company does to maximize their effectiveness in this area by studying their attitude towards Risk Management throughout the complete life-cycle of a project, and finally I drew from my own knowledge and experiences in this critical area.

Generally, all the agile methodologies promote a management process for a project that encourages frequent inspection and adaptation. This leadership philosophy mainly encourages teamwork, self-organization and accountability. ASD is considered as both ‘a set of engineering best practices’ (allowing a speed delivery of operational software) and ‘a business approach’ (aligning improvements with customer needs and

Agile methodology is an approach to project management and agile software methodology is not a one methodology but a set of methodologies which share common characteristics to achieve business goals. Before 1950’s project management have taken place in an informal way for many eras and after an ameliorating of formal project management methodologies began to be defined and swiftly spared through the industry rather than traditional methodologies. The traditional approach of project management identified a set of sequences of steps to be completed such as initiation, planning and design, execution and construction, monitoring and controlling and completion but not all projects will have every stage and some projects can be terminated before they reach completion. When it derived to IT industry in the past few years there’s been

Software development is one of the highest demands in all over the world. We use software development techniques to solve the problems and to satisfy customers. Agile software development is a conceptual framework for software; it is also a group of software development methods based on iterative development. In 2001, agile software development was created by seventeen people with a desire to find alternative approaches to software development. The most important thing about agile methods are team work, conveying information to the team, face to face conversation, and satisfy the customer. There are various methodologies but I am going to describe the most popular ones.

Project Management is the essential part of an organization to take necessary efforts to create a product or a result. As the organization grows large the complexity and the risk factors goes high. Each project has a project manager. Managers have to monitor and coordinate different projects at the same time and it is an art or skill to getting things done by others. Every project has its life cycle that means a start and end point. Some may be successful and some may not. There are some critical factors which restrict from success and eventually lead to project failure. Apart from the critical factors, all organisations should have clear understanding of why particular project is important. Is this project is prioritized? .WHAT to achieve, WHEN and HOW to complete the project (Sara, Amaya ,Angel,Pedro,2013). Primary analysis of these questions are necessary for the success.For a project “requirement and specification” plays a vital role. Design, planning, use of resources and cost estimation of a project are done based on the requirement and specification. A project with well defined objectives with efficient definitions shows the way to success.Functions of Project Management includes activities such as planning, cost control, quality control, risk management and safety management in order to achieve project goals (Sara, Amaya ,Angel,Pedro,2013) .