Assessment item 1Project Management MethodologiesValue: 5%Due date: 17-Mar-2018Return date:...

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Assessment item 1Project Management MethodologiesValue: 5%Due date: 17-Mar-2018Return date: 11-Apr-2018Submission method optionsAlternative submission method 	Task:In topics 1 & 2 you have been introduced to various project methodologies and processes. In 900 words, demonstrate your knowledge of these.Ensure you address the following areas and provide at least 6-8 appropriate references in APA style format:1. Define what a project methodology is giving few definitions from various authors and the role it serves in project management. 2. Choose 1 methodology from this list to compare and contrast with methodology outlined by Project Management Body of Knowledge (PMBOK), analysing the similarities and differences between them both.List of project methodologies and processesPRINCE2Agile XPWaterfallAgile Scrum3. Finally, identify how your chosen methodology and processes relate to the project life cycle (PLC):Submit your assignment online via Turnitin in the nominated class. Turnitin details for the individual classes would be provided on Interact2.RationaleIn this assessment you will be covering the following learning outcomes as outlined in the MSI: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;Marking criteriaCriterionHigh DistinctionDistinctionCreditPassFailProvides a definition of a project methodology.(10 marks)Explains and critically evaluates the definition of a project methodology using language, detailed judgement and evaluation of sources.Explains and analyses the definition of a project methodology using their own words, reinforced with a range of informed opinionsExplains and examines the definition of a project methodology using their own words and a range of terminology.Explains and discusses the definition of a project methodology in their own words and using appropriate language.An extremely basic explanation of the definition of a project methodology, and the answer is expressed poorly or not in own words.Provides an explanation of the role project methodology plays in relation to project management. (20 Marks)Explains and critically evaluates the role of project methodology and the relationship to project management.Explains and analyses the role project methodology plays in relation to project management.Explains and examines role project methodology plays in relation to project management.Explains and discusses the role of project methodology in relation to project management.An extremely basic explanation of the role of project methodology.Two selected methodologies are compared and contrasted.(30 Marks)Explains and critically evaluates the comparisons and contrasts between two selected methodologies.Explains and analyses the comparisons and contrasts between two selected methodologiesExplains and examines the comparisons and contrasts between two selected methodologies.Explains and discusses the comparisons and contrasts between two selected methodologies.An extremely basic explanation of the comparisons and contrasts between two selected methodologies. Methodologies are related to the project life cycle.(30 Marks)Explains and critically evaluates the methodologies related to the project life cycle.Explains and analyses the methodologies related to the project life cycle.Explains and examines the methodologies related to the project life cycle.Explains and discusses the methodologies related to the project life cycle.An extremely basic explanation of the methodologies related to the project life cycle.Correct referencing of sources (APA 6th ed citation) to reinforce findings.(10 Marks)The sources are valid and are derived from wide range of resources. They are all correctly sourced and presented.The sources are commendable and are all correctly sourced and presented.The sources are adequate and largely correctly sourced, and presented.The sources are adequate and largely correctly sourced, and presented.The sources are extremely limited and incorrectly sourced.

Ishwar · Accepted Answer

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MANAGEMENT
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Table of Contents
1. Definition of project methodology	1
2. Chosen methodology- PRINCE 2	5
3. Relation of PRINCE 2 to Project life cycle	6
References	7
1. Definition of project methodology
	Project methodology is a term that is related to the project management of any organization. It is a well-structured project guideline that includes defining, planning, launching regarding any project of organizations. Project management methodology includes five different stages of managing a project of any organizations. In this process of project methodology the requirement for any project is first identified and then it is evaluated that what should be done in order to accomplish the project, in the third step of the project management methodology it is required to search for the fact that the project requirements have been met successfully or not. If the requirements have been met successfully, then the project methodology goes to check its fourth step, otherwise, it suggests to go back to the previous step to check the requirement for the project again. 
Figure 1 Project methodology of Software
(Source: Simmons, 2017)
The above figure is showing a different structure of project methodology. There are many types of project methodology are available, in different projects different project methodology is used, but the basic structure of a project methodology remains almost same in every project. The above project methodology is showing six steps in the methodology, but there are many variants of project methodology is available such as- three steps methodology, four steps methodology, five steps methodology and others. 
Figure 2 Definitions of project methodology
(Source: Kerzner, & Kerzner, 2017)
Different authors have defined the project methodology in different ways, such as- As opined by Simmons, (2017) - project methodology is set of principles, practices and tools that can be used to guide some processes for achieving a particular goal. On the contrary, in the words of Kerzner, & Kerzner, (2017) - project methodology is an approach of doing something with a defined set of methods, rules, deliverables, activities and processes that typically serve for solving a specified problem. Hence, from all of these definitions,

Assessment item 1 Project Management Methodologies Value: 5% Due date: 17-Mar-2018 Return date: 11-Apr-2018 Submission method options Alternative submission method Task : In topics 1 & 2 you have...

Answer To: Assessment item 1 Project Management Methodologies Value: 5% Due date: 17-Mar-2018 Return date:...

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