Assessment item 1 back to topProject Management MethodologiesValue:5%Due Date:05-Aug-2018Return...

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Assessment item 1	back to topProject Management MethodologiesValue:5%Due Date:05-Aug-2018Return Date:27-Aug-2018Submission method options:Alternative submission methodTask	back to topIn topics 1 & 2 you have been introduced to various project methodologies and processes.In 700 words, demonstrate your knowledge of these.Ensure you address the following areas:1.Define what a methodology is and the role it serves in project management.2.Familiarise yourselves with the various methodologies & processes in the list below. Choose two methodologies / processes from this list to compare and contrast, analysing the similarities and differences between them both.3.Finally, identify how your chosen methodologies / processes relate to the project life cycle (PLC):List of project methodologies and processes•Project Management Body of Knowledge (PMBOK)•PRINCE2•SDLC•Waterfall•AgileRationale	back to topThis assessment task will assess the following learning outcome/s:	be able to identify, critically analyse, reflect on and synthesise the key elements of the IT project management framework, including project stakeholders, communication management, the project management knowledge areas, common tools and techniques, and project success factors.

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					Project Management Methodologies
Methodology and its Role in Project Management
The term Methodology is completely distinguishing series of sensible associated operations, techniques or strategies designed to help project manager to finish their project task. The methodology provides guidance or help throughout the project, helps the team members or manager to follow steps and show points to fulfil from beginning to end of project. 
It is a deductively demonstrated, efficient and well-mannered way to deal with project plan, project processing and finishing.  There are different approaches such as top down or bottom up approach to project management for methodology. It combines specifically to the stages of project life cycle and gives a more exact meaning of projects. [MyMg]
In other words, A methodology is a framework in which managers work for planning, developing, testing and maintaining of their project aims.
The main aim of methodology is to maximize the efficiency of work by allocating resources wisely and make proper plan for which task is to start first. There are different types of methodologies such as waterfall, spiral, agile, prototype etc. which are used in the project but choice of methodology for project depends upon requirement. The choice of methodologies in project aid to describe the project scope, project deadlines, assets are accessible and actual deadline of task deliverables or project completion. 
 Roles in PM
· The requirements of project stakeholders are characterized. The stakeholders are people who involve in the project directly or indirectly. 
· A typical "dialect" is built up and recognized by the team,

Assessment item 1 back to top Project Management Methodologies Value: 5% Due Date: 05-Aug-2018 Return Date: 27-Aug-2018 Submission method options: Alternative submission method Task back to top In...

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