Follow From Initiation Its Implementation †Myassignmenthelp.Com

Question: Discuss About The Follow From Initiation Its Implementation? Answer: Introduction Project Management Methodology is mainly used by manager to achieve goals and desired outputs with in a definite period of time. Irrespective of its field there are certain methodologies which the managers follow from initiation to its implementation. A methodology is nothing but a design which is used by project managers for designing, planning, achievements and implementation of their project goals. There are large number of project management methodology which can be used to benefit the various ongoing projects. There is a particular methodology that NASA uses to build up a space station which completely differs from the methodology used by Navy to build submarines. There is various project management methodology that are used to satisfy the needs of different projects across various domains of business. The most commonly used project management methodology are Adaptive project framework, Agile software development, Crystals methods, Dynamic system Development Model, Extreme programming, Feature Driven development, lean development, Prince2, Rapid Application Development, Spiral, System development life Cycle (SDLC), Waterfall (Traditional). Selecting the appropriate project management could be bit risky because it involves a lot of factors that should be considered. Each project management methodology has its own positive and negative aspects. There is no as such term called good or bad methodology, it totally depends on the requirement of the project. Discussion Implementation of project management methodology in Organization A, which mainly deals in providing financial services. The organization A is a small organization which its total employee ranges of 80. Managers from different organization of same domain are more focused to achieve certain goals and target within a specified time. In the domain of financial services, there are variety of requirements that much be checked for ensuring the nature of the industry. This industry can be considered to be fast and more complex. In financial industry, the running of various projects involves money of other people. Both the process and the result involve constant careful attention to ensure the funds containing money of various organization are not mishandled. Due to the above-mentioned reasons, it is important that the appointed manager should be enough qualified and honest to manage all the necessary projects from different domain. In this type of organization project management like PMI/PMB OK should be best as the best way to approach different project process. Implementation of project management methodology in Organization B, which mainly deals in building society. The organization B is an organization which incorporates an employee range of 600. It is the duty of project manager to provide project management services and manage the changes in a better way using the various methods of project management. It is the duty of the jobholder to manage all the ongoing projects to draw conclusion and set time scales, budgets and quality of the implementation of new ideas with systems. The ultimate goal is to manage the expectation of various business models and to ensure that all the risk of the projects is highlighted and managed properly. It is the duty of the project manager to work broadly with various supplier from third party. It also ensures to create and manage all the relationship with various leading partners. Building society include the following steps like regular reporting of a project to Senior project executive, project groups. Wo rking with the various project director to give specific information about the implementation of various methods that can be used to check the key points of the project. It also ensures that all the issues related to project are raised among project managers to ensure that it does not provide risk to any person. It also ensures to resolve conflict related to resource by adjusting the priority of various project task through meetings with various managers to improve the regions of weakness Implementation of project management methodology in organization C which has an employee strength of 1200. This particular website mainly provides information Technology services(ITS) team projects which mainly focuses to provide certain set of standards which can be used to initiate and manage different projects. It mainly focuses to provide reasonable, flexible and accessible domains. By considering the conditions waterfall method can be considered best for project approach. The ultimate goal is to break the given task in a technique such a way that it can task can be can be completed in a better way. Implementation process PMI/PMBOK can be considered as the method for organization A as it involves the total participation and the its working is can be considered as just one-just manner. Basic process involved in this process is initiation, planning, execution, monitoring and controlling. In the initiation phase the main goal is to provide aim of the total project (Hoffman 2012). The next phase mainly involves the planning about the technique of different project and to check the different process involved for satisfying the requirement of given projects (Hoffman 2012). The execution phase mainly checks the requirement of different projects. In many case the overall cost of the project is also decided (Kerzner 2013). Monitoring phase mainly checks the total working principle of project with controlling the different measures in order to get proper outputs or results. The next phase that is closing phase mainly checks the various requirements of the given project (Katz and Calasanti 2014). The fact should be considered that the monitoring phase should be put in every phase in order to cut the different bugs at the end. Organization Critical chain management methodology can be considered as the best methodology that can be implemented for the process of planning, execution and managing other projects which multi as well as single handed environment (Kerzner 2013). Critical chain can be taken as a path of different task that are dependent. The term dependent mainly focuses to involve task and projects taking into account about the various dependencies with respect to task (Kerzner 2013). With stress on the time wasting and it also checks the various risk associated with it. The procedure of chain management system mainly focuses to implement a technique to the estimate the required time for the project (Martinell and Milosevic 2016). The ultimate goal is to cut the time required into half the regular estimation which is implemented in general (Martinell and Milosevic 2016). Critical chain management mainly uses the concept of buffer in order to reduce its direct effect and also checks the uncertainly of the diffe rent projects Implementation of project management methodology in Organization B, which mainly deals in building society (Martinell and Milosevic 2016). The organization B is an organization which incorporates an employee range of 600. It is the duty of project manager to provide project management services and manage the changes in a better way using the various methods of project management. It is the duty of the jobholder to manage all the ongoing projects to draw conclusion and set time scales, budgets and quality of the implementation of new ideas with systems. Organization Waterfall method can be considered as very good method. There are some minor changes that must be there in description and it must check the number of steps involved in the waterfall model. The overall idea is to focus on the same point. During the requirement phase all the important requirement must be taken into consideration which directly relates to the working principle of the projects (Matos and Lopes 2013). In waterfall model, the basic requirements are written in a file which is known as requirement documents (Matos and Lopes 2013). The next phase that is analysis phase of the system mainly focuses to generate the various models of business that are designed for working of various application (Mishra, A. and Dubey, D., 2013). The design model mainly adds the design phase (Mishra, A. and Dubey, D., 2013). After the successful implementation of the design phase, the coding phase is implemented and after the successful output of the coding phase (Mishra, A. and Dubey, D., 2013). After that total software is tested for bugs or any faults from developers side (Matos and Lopes 2013). Issue with Implementatio With growing use of PMI/PMBOK model in different sectors the process consisting a series of task lags behind and this can be considered as one of the method involving the model by management. The pre-judging of idea cannot be handled by various models which aims to provide implementation related issue that can be avoided so the developed project does not create any issue in the near future. In financial industry, the running of various projects involves money of other people. Both the process and the result involve constant careful attention to ensure the funds containing money of various organization are not mishandled. Due to the above-mentioned reasons, it is important that the appointed manager should be enough qualified and honest to manage all the necessary projects from different domain. In this type of organization project management like PMI/PMBOK should be best as the best way to approach different project process. Critical chain project management is considered to be a comprehensive process. It mainly requires a lot of involvement from perspective of the whole organization. In the present scenario, the commitment is very much extensive (Obrutsky 2014). The commitment should be considered from the perspective of the team of the projects that from project managers to project stakeholders (Obrutsky 2014). The following point must be considered into account that entire process should be clear and the basic point of view that must be underline which should be understood very clearly (Obrutsky 2014). Without proper critical chain management, a project may fail as an it will directly use the method. Now a broken implementation of critical chain method will provide no or little benefits over the prevision techniques of implementation as it will ensure an overhead cost. Waterfall method does not require much revision or reflection. One thing that must be considered for waterfall method that it is very much difficult or almost impossible to bring out any changes (Snijders Wuttke and Zandhuis 2012). This is mainly done to check everything is in good condition or not. In many cases it is observed that during late life cycle phase only working software is produced and which is not done before the implementation of other phases into it (Snijders Wuttke and Zandhuis 2012). When it comes to object oriented projects or complex projects waterfall method cannot be considered as the most appropriate one (Snijders Wuttke and Zandhuis 2012). For long and ongoing projects, it is considered to be an inappropriate one. This model is not good suitable for projects where the overall necessity of the project is in moderate and liable (Surez-Figueroa Gmez-Prez and Fernndez-Lpez 2012). Solution to issue PMI/PMBOK model helps in keeping a track of the different ongoing activities in an organization (Surez-Figueroa Gmez-Prez and Fernndez-Lpez 2012). It mainly focuses to establish a standard of working among various organization. The provides an important key factor which will ultimately help in managing (Surez-Figueroa Gmez-Prez and Fernndez-Lpez 2012). The risk management method is checked carefully with the implementation of PMI/PMBOK due to the factor of documents (Surez-Figueroa Gmez-Prez and Fernndez-Lpez 2012). The concept also checks the various implementation that is not suitable for working. It is also stated that with successful working of PMI/PMBOK the project manager can adjust the activity towards any project (Stoica ,Mircea and Ghilic-Micu 2013). Critical chain project management which can be useful to improve the various condition of project management plan (Stoica, Marcia and Ghilic-Micu 2013). With this project management methodology the project delivering reliability can be improved to a lot of extent. It also helps in handling delivering data ideas that can be checked by reducing the overall project duration time (Stoica, Mircea and Ghilic-Micu 2013). Threats play an important role in various project management concept as it checks any bugs or errors that can be identified in the deployment phase of the software (Stoica, Marcia and Ghilic-Micu 2013). This particular methodology gives an early warning before the actual arising of problem. This particular problem can directly affect the project delivery time and other factors which are needed for correction of bugs and rectification of various faults in the given software. Waterfall method allows managerial control over the given software. The overall idea of this model is considered to be very easy for understanding and using. This model is mainly used in the regions where the requirement of the projects is well understood, the aspects and idea is clearly pointed out. Benefit of Methodologies The benefits that can be gained from the use of PMI/PMBOK model are: Easy breakdown of project management steps. PMBOK checks the updating and developments of various professional bodies. It mainly focuses on the expansion of various industry PMBOK methodology is recognized on a global basis. Project management team reduces the overhead cost. The benefits that can be achieved by the use Critical chain project management are: Parkinsons Law: It mainly ensures expansion of time in order to reduce pressure of work. Syndrome Student: When the deadline of a project is near then the respective workers start giving their cent percent. Murphys Law: This law ensures that when an aspect go in a wrong direction then it will ultimately go in that particular direction. Multi-tasking Bad: The beginner of a given project or task can affect concept of bad multitasking. Waterfall model can bring certain benefits like: This model is considered to be very much easy for working and it also limits the amount of resources. In this model after each and every process the concept may appear to be very much visible. The concept also checks that projects are in progression. This method is considered to be better as it contains a large number of stages like analysis, design, coding and maintenance. This methodology is considered in cases where quality is ahead of schedule and cost. Conclusion From above discussion, it can be concluded that there is various business model that must be implement in the total working of the software projects. Each and every model comprises of some advantages and disadvantages. Each methodology has its own positive sides like waterfall method can be used for developing software while PMBOK can be used in the financial sectors. The concept also checks the various implementation that is not suitable for working. It is also stated that with successful working of PMI/PMBOK the project manager can adjust the activity towards any project (Stoica, Marcia and Ghilic-Micu 2013). Each project management methodology has its own positive and negative aspects. There is no as such term called good or bad methodology, it totally depends on the requirement of the project (Kogan , Martinelli and Milosevic 2016). References Hoffman, A.S., 2012. Hydrogels for biomedical applications.Advanced drug delivery reviews,64, pp.18-23. Katz, S. and Calasanti, T., 2014. Critical perspectives on successful aging: Does it appeal more than it illuminates?.The Gerontologist,55(1), pp.26-33. Kerzner, H., 2013.Project management: a systems approach to planning, scheduling, and controlling. John Wiley Sons. Kogan Page Publishers. Martinelli, R.J. and Milosevic, D.Z., 2016.Project management toolbox: tools and techniques for the practicing project manager. John Wiley Sons. Matos, S. and Lopes, E., 2013. Prince2 or PMBOKa question of choice.Procedia Technology,9, pp.787-794. Mishra, A. and Dubey, D., 2013. A comparative study of different software development life cycle models in different scenarios.International Journal of Advance research in computer science and management studies. Obrutsky, S.L., Comparison and contrast of project management methodologies PMBOK and SCRUM. Snijders, P., Wuttke, T. and Zandhuis, A., 2012.Pocket Companion to PMI's PMBOK Guide-Updated Version. Van Haren Publishing. Stoica, M., Mircea, M. and Ghilic-Micu, B., 2013. Software development: Agile vs. traditional.Informatica Economica,17(4), p.64. Surez-Figueroa, M.C., Gmez-Prez, A. and Fernndez-Lpez, M., 2012. The NeOn methodology for ontology engineering. InOntology engineering in a networked world(pp. 9-34). Springer Berlin Heidelberg.