DISCUSS PRINCIPLES OF PROJECT MANAGEMENT (PMBOK (Project Management Body of Knowledge) VERSUS PRINCE2 OR AGILE IN CONTEMPORARY PROJECTS)
There are several project management methodologies and approaches that are used in contemporary project management. Among these are PMBoK, PRINCE2, Agile, etc. Each of them has certain specific elements that proponents say make it easier to use, more applicable, more robust, or otherwise more appropriate for particular environments or circumstances. Whilst these methodologies are all valid and reliable tools for a project manager to use, it is important to be able to contrast them and to form a view of how they may best be used in a project. This analysis includes their usefulness, application in various types of projects, and how they view project risk. Such context can help project managers identify which methodologies/approaches may be best for specific projects.
A. Review the assigned case study. (PLEASE SEE THE ATTACHED CASE STUDY FILE ABOUT ASTRAZENECA – Fighting a Global Pandemic) If the file is not located please let me know
B. Compare and contrast the application of the PMBoK (Project Management Body of Knowledge) project management approach with your choice of one of the following methodologies/approaches:
a) PRINCE2, or
b) Agile
C. Note: You will need to consult the literature and use at least 6 references and not more than 12 References from academic and industry sources. The word count does not include the reference list. Each reference must be cited in-text in your report with the exact page number of the referenced part FOR INSTANCE – Overton & Lowry, 2013, p. 261
The body must use the following headings:
1. INTRODUCTION: Develop an introduction to PMBoK and the other methodology/approach you have selected (PRINCE2 or Agile) that includes their background and historical context
2. SIMILARITIES AND DIFFERENCES: List 23 similarities and 23 differences between them and why these similarities and differences are relevant to the assigned case study
3. RISK: How each method treats project risk and how these approaches to risk are relevant to the assigned case study. Try to apply both Numerical & Qualitative risk assessments.
4. PROJECT CONTEXT: The types of projects in which each is used
5. LIFECYCLE IMPLICATIONS: How each differs across different phases of a projects
6. APPLICATION: Explain which methodology you would choose to apply for the project in the assigned case study, and why.
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