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Question: Discuss About The Project Management Different Methodologies? Answer: Introduction This assignment has been executed over the topic ICT project management in which discussion has been made regarding the concept of project management and different methodologies used for the management of the project. The comparison has been made between the two methodologies. 1. Define what a methodology is and the role it serves in project management. The methodology is the process which is applied by the managers of the project for the designing, planning, implementing and attainment of the objectives of the project. Methodologies include those processes and practices which ensure the completion of the project in an effective manner. It is vital for the manager to select the most appropriate methodology for the project (Flatworld, 2016). Managers must apply methodologies for ensuring that the objectives of the project are attained. There various benefits of applying methodologies for the management of a project. These benefits include increase in the satisfaction level gained by the stakeholders of the project, coping with the increasing competition, cost and efforts are reduced, identification of the issues or problems for correcting them, predicting the need of staff, providing results in less time, analysing the risks associated with the project, optimum utilisation of the resources and enhancing the performance of the team (B ase, 2012) 2. Familiarise yourselves with the various methodologies in the list below. Choose two methodologies from this list to compare and contrast, analyzing the similarities and differences between them both. A project manager can apply different methodologies available for the attainment of the objectives of the project and management of the project in a successful manner. Selection of the methodology for the project depends on the needs and requirement of the project and suitability of the methodology. These methodologies include SDCL, AGILE, Waterfall, PMBOK and PRINCE2. SDCL is a conceptual model which can combine two or more project management methodologies for the purpose of generating the desired outcome. SDCL includes strict guidelines which must be followed by the project manager for the management of the project. These guidelines help in contributing towards the improvement in the project quality (Singh Lano, 2014). The agile methodology follows the incremental approach which focuses on the improvement of the project on a constant basis. This methodology helps in delivering the project in a short duration and coping with the dynamic tea culture. The agile methodology focuses on real time communication and fewer restrictions for the purpose of controlling the activities of the project. Waterfall methodology is a traditional methodology which includes fixed phases and linear timelines. This methodology follows a sequential design process with a motive to cover every aspect of the project. PMBOK is the set of standards adopted by the project management industry which includes various practices, processes, guidelines, and terminologies. PRINCE2 methodology was developed by the government of the United Kingdom. This is an effective approach which helps the project manager to perform the activities of the project in a successful manner (Ghosh, et. al., 2012). The comparison has been made between Agile and Waterfall methodology for the analysis of the differences and similarities between both the methodologies. Differences between Agile and waterfall methodologies Agile Waterfall In this methodology, project development life cycle is divided into different sprints. In waterfall methodology, software development is segregated into different phases. This methodology is more flexible. This is a structured approach which is rigid in nature (Base, 2012). Different projects are combined in this methodology for getting desired results. One single project gets completed in this methodology. In this methodology, testing is done after the building phase (Flatworld, 2016). Building and testing both are done simultaneously. Similarities between Agile and Waterfall methodologies Both methodologies involve clear communication for developing team spirit. Deadlines in both methodologies are clearly defined (Base, 2012). 3. Finally, identify how your chosen methodologies and processes relate to the project life cycle In the Agile methodology, initial planning and analysis process are placed on the high level for the purpose of outlining the scope of the project development. Next steps or phases are performed by the team after initiation and analysis phase (Matt, 2015). Projects in the Waterfall methodology are divided into different phases so as to ensure that the projects are managed in an effective manner. These different phases are executed in a sequence so as to ensure that the phases are completed in a successful manner (Waters, 2011). Conclusion This assignment has discussed the project management and role played by the methodology in project management. Different methodologies have been described in this assignment including PMBOK, PRINCE2, SDCL, AGILE and Waterfall. Agile and Waterfall methodologies have been compared for the analysis of the differences and similarities among them. The relation between the methodologies and project life cycle has been explained. References Base. (2012). Agile Waterfall Methodologies A Side-By-Side Comparison. Base. Flatworld. (2016). 10 Differences Between Agile and Waterfall Methodology. Flatworld. Ghosh, S., Forrest D., Dinetta T., Wolfe B., and Lambert D.C. (2012). Enhance PMBOK by Comparing It With P2M, ICB, PRINCE2, APM and Scrum Management Standards. PM World Today, 14 (1), 1-77. Matt. (2015). Software Development Lifecycle: Waterfall vs. Agile. Covalent Marketing. Singh, R. Lano, K. (2014). Literature Survey of previous research work in Models and Methodologies in Project Management. International Journal of Advanced Computer Science and Applications, 5 (9), 107-122. Waters, K. (2011). Agile Development Cycle. 101 Ways.