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 two methodologies from this list to compare and contrast, analysing the similarities and differences between them both.

3. How your chosen methodologies and processes relate to the project life cycle (PLC):

Introduction

Project management is a method for doing a project in successfully. It consists of initialisation, planning, executing, controlling and closing the work. There are different methods of project management like PMBOK, PRINCE2, SDLC, Waterfall and Agile. Project life cycle is also discussed with respect to one of the methodology and its process.

In this report the definition of project management and differences between the methodologies are discussed with the project life cycle.

1. Definition of project management methodologies

Project management methodologies are defined as the procedures of making a project successful by using different processes like defining, planning, launching, managing and closing a project (Larson & Gray, 2013).

List of different methodologies of project management

• PMBOK
• PRINCE2
• SDLC
• Waterfall
• Agile

2. Familiarisation with different project management methodologies

PMBOK refers to Project management body of knowledge and it is a project management methodology that is used to make a project successful by using project management techniques like initialization, planning, launching, managing and closing a project.

PRINCE2 refers to PROMPT II IN the CCTA Environment. It is another method that is used to manage a project in more structured way (Schwalbe, 2015). The PRINCE2 methodology of project management says that the start, middle and the ending of a project should be in an organised and controlled way(Fleming & Koppelman, 2016).

SDLC refers to system development project cycle. In SDLC the also the same procedures are followed in a iterative or recycled manner.

The waterfall model is one of the most popular methods and it is used to make the work done in a sequential way (Larson & Gray, 2013). In this method progress is considered to flow downward like a waterfall and also consists of the steps like initiation, analysis, design, construction, testing, implementation, maintenance and ending.

The Agile methodology depends more upon the team work and it is the way of incremental, iterative and empirical approach to make a project successfully done.

Comparison of PMBOK and Waterfall model

Differences between PMBOK and Waterfall model

Similarities between PMBOK and WATERFALL model

3. Methodologies related to the project life cycle

Project management life cycle is the process of making the whole design of the project management structure. It starts from initiation and then planning, execution and finally ends by the closure of the project. It is a recycled or iterative process (Fleming & Koppelman, 2016). Sometimes the components of the process may be in structure form or in a flowing form (Burke, 2013). The initiation starts the program and the planning is done to make the outline and strategies regarding the project management task. Execution is the step in which all the planning is converted into the work and the process is ended by the finalisation step.

Conclusion

From the above discussion it is concluded that project management contains of different methodologies and each and every method is important for the different kinds of project implementation.

References

Burke, R. (2013). Project management: planning and control techniques. New Jersey, USA.

Fleming, Q. W., & Koppelman, J. M. (2016, December). Earned value project management. Project Management Institute.

Kerzner, H. (2013). Project management: a systems approach to planning, scheduling, and controlling. John Wiley & Sons.

Larson, E. W., & Gray, C. (2013). Project Management: The Managerial Process with MS Project. McGraw-Hill.

Leach, L. P. (2014). Critical chain project management. Artech House.

Schwalbe, K. (2015). Information technology project management. Cengage Learning.