In topics 1 & 2 you have been introduced to various project methodologies and processes. In 700words, 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 in the list below. Choose twomethodologies from this list to compare and contrast, analysing the similarities and differencesbetween them both.3. Finally, identify how your chosen methodologies and processes relate to the project life cycle(PLC):List of project methodologies and processes• Project Management Body of Knowledge (PMBOK)• PRINCE2• SDLC• Waterfall• AgileRationale:In 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 ITproject management framework, including project stakeholders, communicationmanagement, the project management knowledge areas, common tools and techniques, andproject success factors;
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