Identifying project management methodology for the organizations
Discuss about the Suitable Project Management Methodology.
Project management methodologies can enable the organization tackling the projects comprehensively, systematically as well as integrated way for acceptable risk. It provides advantages in strategic, tactical as well as operational level. The methodologies are essential in order to provide confidence to the consumers, partners. It makes sure that early recognition as well as makes correction of the issues. At the operation level, the methodologies by which the organization can empower the project team processing the appropriate things in order to enable the enterprise delivering cost effective, schedule compressed solution.
On the other hand, the procedure of transmitting innovative ideas as well as advancement in invention of the products along with services that can create high-level values for which the customers’ pay are referred as business innovation. The study deals with different project management methodologies, which are required for successful deployment of business plans. In the study, the selected organizations are Organization A, Organization B and Organization C. The role of project management consultancy has an important value with advisory project management methodologies.
Binder (2016) stated that identification of suitable project management methodology is important to be considered for the selected organization. It has been found that acknowledgement of managerial as well as functional activities for the organizations are facing specific issues. The way through which, it can be helpful for proper project management methodologies regarding the issues, which can be eventually resolved in the report. On the other hand, the role of business owners considering all essential factors those are helpful for the organizations in order to obtain effective measurable revenues as well as business success. In case of innovation ideas that are widely replicated at affordable cost. Business innovation comprises deliberate application, imagination as well as initiatives helpful for distinctive business organizations in order to derive better values from distinctive resources.
By analyzing the scenario, there are specific business organizations that are facing several operational issues due to inappropriate selection of project management methodologies. Hence, the role of project manager or project consultant is selecting proper and suitable project management methodology in order to drive business towards gaining success.
Organization A is a technology service company. It deals with manufacturing high-tech as well as high-volume memory chips. There are 2100 employees worked for the company. It helps to develop the markets in North as well as South America. The organization is based on the USA (Joslin and Müller 2015). It has developed into one of the largest technology services in the USA. The headquarter of the enterprise based on the USA. The major purpose of the organization is delivering exceptionally proper quality products as well as services to the customers. The objective of the organization is becoming one of the largest technology-service provider organizations. Moreover, Organization A is obsessed, inspirational, collaborative, responsible and quality. Hence, the organization focuses on developing customer-focused system and the store can led the culture and team in order to enhance revenue of the business.
Background of the Organization A
The core elements of the organization deals with fixing a project basic as well as delivering core customer offers along with creating advantageous future. Quality, quantity as well as affordable price are considered as the major factors expected to become regular and permanent customer (Hornstein 2015). In addition, Organization A is not supportive in nature for inappropriate development strategy at commercial revenue of the organization that is interrupted every time. In addition, the government of Australia is restricted the organization by increasing prices of the products. The competitors of the organization A are increasing.
Different project management methodologies are PMBOOK, PRINCE2 and agile methodology that are widely utilized by business organizations in order to add values as well as increases overall reputation of the organization. For this specific project, the selected project management methodology is PRINCE2. The tools include five distinctive phases like justification of business, developing structured project management team. The products based approach as well as division of the projects is based on the controllable stages along with appropriate level of flexibility.
PRINCE2 is a process-based method for managing project effectively. The methodology is a factor standard utilized by the UK government. It is recognized as well as practiced in the private sector in the UK as well as internationally. The project manager takes responsibility of organizing as well as controlling (Marcelino-Sádaba et al. 2014). They will select people do the project work ensuring the process done properly on time. The project manager reports daily basis to the board of the project. On the other hand, the project board provides essential decisions.
The project assurance provides a proper view for processing a project. On the other hand, user assurance is monitoring and keeping the plans up-to-dated. In addition, PRINCE2 provides a common language across interested parties. PRINCE2 is explained that several types of the project need to be managed effectively. Therefore, PRINCE2 assists to work and engage with the responsibilities. The good projects can deliver the projects with best quality result and on-time budget.
If the phases of project management methodology are followed accordingly, then it is required to be able reaching estimated objectives (de Carvalho et al. 2015). Considering the upcoming projects for the selected organization is implementing supply chain management system.
Start up a project: Before initiating the project, the team members of project management need to consider the process of pre-project. Before making initiation of the appropriate project actions, it is required to adopt designing the project budget as well as overall time for successful deployment. Hence, based on the allocated data in the initiation phase, it is required to clear the process and gather additional changes that need to be considered at the time of running phase of the particular project.
Selected project management methodology
Planning phase: After initiation of the project, the project phase is planning phase. In the particular phase, the team members need to focus on planning proper risk management plan, procurement management as well as contingency management plan. In addition, time and budget management plan are also including in this.
Structuring product based approach: It has been found that the aim of the organization is delivering quality as well as on-time services to the customers (Sánchez 2015). The project needs to be planned in a particular way so that it helps to gram the number of customers as well as retaining
Stage of control: Svejvig and Andersen (2015) commented that the role of project manage is minimizing workload and distributing among project team staffs so that projects are completed within the estimated budget as well as time. The stages of project need to be designed as well as segmented in a way that can be managed easily.
Flexibility plan: During the project, changes are needed to gain project success. Hence, the project managers need to be incorporated essentially with the actions as well as mechanism. As a result, the desired change is incorporated to the phases of project development. Hence, the project manager needs to be incorporate with essential actions as well as mechanisms so that the changes are incorporated to the development phase of project.
Closure: The phase of flexibility is none compared to the process of monitoring as well as controlling phase (Serrador and Turner 2015). The closure phase of the project methodology deals with signoff, submission of project document along with post maintenance plan.
Organization B is a construction company group headquartered in Paris, France. The company is construction-based organization. It is working on European-government infrastructure project (Mir and Pinnington 2014). There are 300 employees working in the company. In order to increase the number of infrastructure, the projects are undertaken by the company in Europe. On the other hand, the director of the company insists on a business that makes ease to be presented for each of the projects undertaken by the organization. The services are delivered by the organization within the time. The organization is defined as the enterprise with optimist technologies and results good business values as well as competitive benefits. The vision of the organization is delivering secure, reliable as well as unparallel construction services to the customers with affordable cost (Badewi 2016). The organization is facing issues regarding effective program management and the issues that can be eventually resolved the issues entirely.
In order to incorporate effective project management, an accurate and suitable methodology would be helpful to the organization. There are specific issues that can interrupt and has impact on the success of the organization. The issues are as followed.
- The demand of the organization is increasing whereas the costs are decreasing
- The rules of the organization are entirely convergence in nature
- Lack of defense line
The above statements are the issues faced by the company.
In order to develop plan for the project, the project manager as well as project team members need to maintain agile project management methodology. Hence, it can be stated that whether the phases of project management methodology are properly maintained as per the organization meeting project success easily and avoid risks (Golini et al. 2015). The phases included in agile project development methodology are as followed: envision, explore, adopt, speculation as well as close. With the process of adopting agile project management, the organization needs to be able generating high quality products and satisfying the customers. In addition, it increases the level of control among the particular phase as well as minimizes the level of risks. Thus, successful deployment as well as application of agile project management methodology, the rate of return (ROI) can be increased along with visibility of the project get improved.
Agile is a project management methodology. It uses short development cycles that is called as sprints in order to focus on constant enhancement plan in the development of product (Berssaneti and Carvalho 2015). The key principles of agile project management methodology can guide agile project management.
- Satisfaction of the customers is considered as the highest priority as well as achieved by rapid as well as continuous delivery
- Face-to-face meetings can be deemed as the most efficient as well as effective format for getting success in the project
- Agility can be improved through constant focus on the technical excellence and appropriate design (Huemann and Ringhofer 2018)
- Sustainable development can be accomplished by the agile procedure and development of appropriate methodology
- In this methodology, simplicity is considered as one of the most essential components
Agile project management is revolutionary methods that introduce practice of project management. It is one of the largest project management strategies that can be applied to the practice of project management in the field of software development. Hence, it is considered as the best way to relate agile project management in order to process in software development. Hence, adopting agile project management to the software development process at the time of comprehending it needs to be considered. Inspecting software development process as a business and procedures following like waterfall model is including in it. Hence, more flexible software development models are needed for addressing agility of the requirements. It results information technology community developed agile software development models.
The agile process is helpful in addressing agility of the requirement. It results that information technology community has been developed for agile software development models. Agile development model is distinctive model from the convention method and specialized areas in the project management. Hence, it is required to manage the process and required for good understanding in agile development process. The agile project team follows the communication techniques as well as tools that can enable the team members in order to express views as well as feedback. The element are taken as consideration in order to express views as well as feedback openly as well as consideration during shaping the demands as well as deploying the software.
Thus, adoption of agile methodology can be helpful to get project success. Agile can ensure company-wide procedure as well as methodological alignment. It helps to increase flexibility, productivity, transparency as well as high quality deliverables. In addition, it decreases risk of the missed objectives. Adoption of the methodology can be helpful to increase stakeholder involvement as well as satisfaction.
Organization C is a financial service based organization that is well-established and matured organization. The organization is established 11 years ago. The company is based on Australia. The enterprise has a successful business model. However, it looks enhancing project delivery capabilities (Ramazani and Jergeas 2015). The organization is headquartered in Australia. From the market level analysis, the financial service has been found that global development of the organization is better in 2017 compared to others. In addition, the domestic issues as well as risks are relayed to the customers in global backdrop. On the other hand, the synchronized global uptum for the organization has long-term sustainability. In addition, the rising trade of the organization, capex as well as job can indicate that success of banking produces from share prices of major operations. In addition, the difficult level of competition is due to the patterns of financial services, which is facing several issues in different level.
The Organization C is one of the financial services that gave positive impact on the customers. In addition, the positive impact comprises of development in income as well as development in the level of cost (Martinsuo and Killen 2014). The organization is informed that the cost has impact on income rate as well as most of the analysts expect as negative territory. The project management consultant will recommend that the organization C is facing resolved the issues (Chemweno et al. 2015). Hence, with successful adoption as well as deployment of project management methodology will be able to obtain new customers as well as retain existing customers. In addition, the organization will be able to obtain effective revenue as well as successful competitive benefits from the market place. Based on the background of project, the suitable methodology need to be adopted along with details of the resultants described below.
In order to develop the project for the selected organization, the project managers need to follow scrum project management methodology. The particular phases of project management methodology are executed as the outcome of the entire project will be failed. Thus, in order to keep team members of the project involved with their jobs, their roles within the issues of project of the organization will be minimized completely.
The major activity involved with Srrum project management is sprint in a time-boxed iterations, which generally lasts between 1 to 4 weeks (Calvo-Mora et al. 2015). Sprint the planning meeting phase deals with the system that holds discussing work to be done. (Acebes et al. 2014). In this perspective, daily scrums can serve synchronizing the work into several procedures.
The particular methodology assists the team in order to complete the deliverables of the project as well as efficiency. In addition, it ensures effective use of time and money. The large projects are divided into various segments with project management methodology. However, it can drive the particular project for making fast development (Marcelino-Sádaba et al. 2015). On the other hand, the project team can obtain clear visibility with scrum project-management methodology. In addition, the project will be deployed and coded as well as get clear visibility with scrum PMM. The project developers as well as testers during implementation phase of the project assists to apply Scrum project management methodology. Using Scrum project management methodology to mange delivery of software comes under agile project management (Teller et al. 2014). It provides lightweight procedure framework embracing iterative as well as incremental practices. Thus, helping project management with the help of lightweight procedure can be helpful to make the process of iterations called as sprints. Scrum is proven as widely adopted method in order to achieve software agility.
Conclusion
From the discussion, it can be stated that the application of appropriate and suitable project management methodologies include the issues, which are selected by the organization. Organization A, Organization B and Organization C are facing will be resolved completely. After analysis of the detailed background of the organizations the project management methodology are essential. It is found that managerial, operational as well as functional activities are stronger. Hence, the organizations are facing specific business level risks. The project management methodology can support project team in order to develop and manage the project staring from the n staring phase to closure. Thus, with the help of project management methodologies, the organizations will be able to control and manage the detected risks as well as challenges. In this perspective, reaching to the success, the project management methodology is helpful. It can minimize the level of project risks as well as increasing the scopes of project success. The internal team motivation can increase overall productivity of the enterprises. The project management methodology implemented to the project managers will be able in delivering the projects within the estimated time and budget.
The adoption of suitable project management methodologies are required to involve in the project. The levels of issues are mitigated and specific mandatory recommendations can be provided by project management consultancy. These are generally followed and mitigate the issues properly. Deploying project management methodology refers to the activity of project management. The structure of management is different in several business organizations. The project management methodology is not implemented compared to the process. It is deployed as a whole of the project during successful completion of the project. The selected project management may not reach to the expected result whether it is found that project team members are not adequate skilled as well as knowledgeable. In this perspective, for mitigating the detected issues of the organization needs to provide professional training as well as development programs for the project team members. On the other hand, a tried as well as tested project method likes PRINCE2 will be helpful to the project developers in order to encounter the assigned project objective with a minimized rate of risks. The project managers that consist of scope, cost, quality, advantages as well as risks consider the factors related to project.
References
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Badewi, A., 2016. The impact of project management (PM) and benefits management (BM) practices on project success: Towards developing a project benefits governance framework. International Journal of Project Management, 34(4), pp.761-778.
Berssaneti, F.T. and Carvalho, M.M., 2015. Identification of variables that impact project success in Brazilian companies. International Journal of Project Management, 33(3), pp.638-649.
Binder, J., 2016. Global project management: communication, collaboration and management across borders. Routledge.
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