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Project Management Frameworks

PRINCE2

Relevant features

PRINCE2 is software for project management. It is an acronym for Projects in Controlled Environments. It provides effective methods for project management used by several private and public sector organizations. Some of the relevant features of PRINCE2 that could be applied to the case study business include.

It defines the structure for the organization within a project management team

PRINCE2 focuses on the justification of business leading to a comprehensive approach towards business idea and plan

The planning approach is emphasized on product. Thus, it is a product based approach towards business and project management plan

The PRINCE2 project management software further divides the project into controllable and manageable stages in order to simplify the project tasks which results in the successful completion of the project within the given time frame

PRINCE2 also offers flexibility to the appropriate level of the project which can be applied at various levels for the achievement of project objectives (Bentley, 2009)

Advantages

PRINCE2 provides advantages to the directors and managers of a project within an organization. They enable them to use the controllable resources by utilizing the PRINCE2 Software. They also enable the managers to manage the business and project in a more efficient way and deal with the risk associated with the project for smooth completion of the project.

The ease of use of the PRINCE2 software results in the easy understanding of the interface. It is proven to provide best practices in the area of pro3jct management by providing a common language to all the members associated with the project.

PRINCE2 focuses on the formal recognition of the duties and responsibilities associated with the project tasks and encourages the managers to provide details in a comprehensive manner as to when, whom, why and what to deliver (Pincemaille, 2008).

Disadvantages

The limited scope and application of PRINCE2 makes it unrecognized all over the world. It is mostly used in United Kingdom and other developed nations are unaware of it.

The public companies widely use the PRINCE2 software and it is more popular among the public institutions. Private organizations do not have much exposure to the application of PRINCE2.

PRINCE2 is usually applied in large business projects. Whereas, many people says that it is no effective for smaller business projects (Pincemaille, 2008).

Agile Methodologies

Relevant features

Agile methodologies involve the use of DSDM, Scrum and XP (Extreme Programming) methodologies. Agile methodologies are used as an alternate to the traditional methods of project management. They provide software development for projects. It is mostly used for undermining the unpredictability associated with a project. It focuses on the initial stages and planning processes in a project. Agile methodologies of project software development enable the managers to asses and evaluate the correct direction of the project while the project is under completion. It helps the project managers and directors throughout the software development life cycle. Agile methodologies achieve this through the iterations of sprints that are regular cadences of the project ...