Role of Project Methodologies in Business-Free-Sample for Sister

Questions: 1.Discuss about the Define what a Methodology is and the role it serves in Project Management. 2.Familiarise yourselves with the various Methodologies in the list below. 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: Introduction Project management is very important for the success of the business. Methodologies are also considered as an important part of the project, it is a set of principle and it supports in managing the project. With the help of methodologies, the project can be managed and goes in the right direction and also manage the project team in the right direction. This report of project management will be helpful for understanding the different types of methodologies of the project and it also helps in selecting the right methodologies for the project life cycle. 1.Project Methodologies Project methodologies are very important for the project and it works on some set of principle. Project methodologies are suitable for the business and by adopting this policy project manager of the company can complete the project in a proper way with good quality( Koivusalo, 2015). Role of Methodologies in project management Working on the big project is always a big challenge for the company and definitely, there are big risks on the big project, before working on the big project should have to learn about the project methodologies how they perform on the big project. Along this with the help project methodologies, it reduces the risks and chance of success of the project are increased(Hill, 2013). By the help of project methodologies, it leads the staff and staff of the company work as a collaborative team, and also creates an environment. In which staff can also share their view, ideas and plans so which also helps them in projects 2.Types of Project Methodologies The methodologies help the project manager in taking the right decision and in an effective manner of the project. After adopting these policy managers have the capabilities of taking the right decisions and also take the project in the right direction( Koivusalo, 2015). In these project methodologies, there are various types of the methodologies for various types of project; the project manager will have to select the correct methodologies for their project so that with help of these methodologies project can go in the right direction. Selecting the right methodologies is help in completing the project in an effective manner, if we select wrong methodologies it affect the project and project will go in the wrong directions Some of the methodologies are as follows-: Agile: an It is a very important method in this it collects the all the features of the project and then delivered the needs related to this project. Some of the features of this are as follows-: improvement in product and process, the involvement of customers, manage time, delivery of product, flexible, highly collaborative(Cren, 2016). Scrum: This is very important method it is used for allowing the small self-managing, cross functional and also provides the requirements related to project. Kanab: This method is used for completing the work very fast and increase the progress of work. Lean: This method is used for completing the work in a short way and in a given time period. Waterfall: This is the important method it is used for creating and preparing the project and after preparation of project plan they imply small phase of the project(Hill, 2013). The features of waterfall methodologies are as follows-: manage activities, well documented, highly structured, sequential process. Prince2-: This method is used for controlling the project and managing it and help in taking the project in the right way. PMIs PMBOK-: This method is used in different types of projects in this universal standards for waterfall project management and helps in taking the decision. Difference between Agile and Waterfall methodology Difference between Agile and Waterfall methodology are as follows-: S.no. Agile methodology Waterfall methodology 1 The agile methodology, it is a direct sequential method and provides requirements of the project(Clien, 2015). The waterfall methodology, it is a sequential model, in this project is divided into pre-defined stages that involve- scheme, probability, formation, scheduling, creation, and support. 2 It is a flexible method. It is considered as structured methodology and can be intransigent to a certain level(Cren, 2016). 3 In this methodology, the project is considered as a one and only single project, which is then allocated into diverse phases. The project is deliberated as many different projects. 4 This methodology permitted to make changes in the project as per requirements and the changes can be done in the beginning of the project. In this methodology, it does not permit to make changes in the project before the development of project start. 5 In these methodologies, in the development of the project, testing is done at the same time when programming is done(Davis, 2012). In this methodologies, the testing is done after the completion of programming. Similarity between Waterfall and Agile methodologies- Besides some above-mentioned differences the similarities between both methodologies are as follows-: Both of these methodologies are used for development and technical processes such as analysis, testing, and development. In these, same programmatic blocks are used such as performance, scope, and schedule 3.Agile Lifecycle The Agile methodology is used for understanding and determining the lifecycle of the project. It helps in working together with the help of project life cycle and support the various phase of project life cycle. (Source-https://cabforward.com/the-differences-between-lean-startup-and-agile-methodology/ Waterfall Lifecycle In the waterfall life cycle, the requirements are clearly defined once the project development work is started, changes cannot be done. Along with this, design, as well as prototype, supports the project lifecycle. (Sourcehttps://medium.com/synapse-india/waterfall-model-of-software-development-a-sure-fire-practice-for-your-professional-software-needs-4c8997419800) Conclusion In this report, we have discussed all types of project methodologies. In this report, we have selected the appropriate methodologies of various set of principle. Selecting the right methodologies help in completing the project in an effective manner. Decision-making process plays a very important role in taking the right decision in selecting the correct methodologies for achieving the objectives of the company. In this report, methodologies help in understanding the project life cycle. By the help of these methodologies work can be completed in an effective manner and with the good quality and with help of this it will go in the right direction and company can achieve their objectives in the limited time period. References Koivusalo, E. (2015, 11 2). Essentials of Project Management. Retrieved from www.itforbusiness.org: https://www.itforbusiness.org/article/essentials-of-project-management/ Clien, A. (2015). Agile Development in the Real World. Apress. Cren, M. L. (2016, 2 25). Top 13 Project Management Methodologies and Styles. Retrieved from www.blog.azendoo.com: https://blog.azendoo.com/top-project-management-methodologies-and-styles/ Davis, B. (2012). Agile Practices for Waterfall Projects. J. Ross Publishing. Hill, G. (2013). The Complete Project Management Methodology and Toolkit. CRC Press. Islam, K. (2013). Agile Methodology for Developing Measuring Learning. AuthorHouse.