Project Management Approach / Methodology Essay - 939 Words

Project Management Methodologies MedDev is looking to streamline their resource planning across various departments in order to support their global growth and cut costs. In order to achieve this business objective, they are undertaking ERP Implementation as a Key project which involves largest investment MedDev has ever done as a single project. Thus success of this project is of prime importance to them. In order to achieve their business objective, project management and the used methodology are key factor which will be responsible for the success or failure of this project. Types of Methodologies In General, there are 2 broad approaches applied to manage projects 1) Traditional Project Management Approach / Methodology 2) Modern Project Management Approach / Methodology Both these approaches have their own pros and cons and both are widely used across the globe and across industries. There are many factors that need to analyse before choosing which approach is most suitable for your project needs and objectives. These factors are following but not limited to a) Complexity of the project b) Stability of the requirements c) Amount of expected changes as the project progresses d) Do we want process driven or people driven focus e) Involvement of stakeholders f) Previous lessons learnt with similar implementation Recommended Methodology - Factors Based on MedDev environment and business objective, the recommended approach is to use Modern Approach. The recommendation isShow MoreRelatedThe Proposed Approach . The Objective Of The Proposed Approach1030 Words   |  5 Pages The Proposed approach The objective of the proposed approach is to integrate different project management methodologies based on alignment of their ontological models. The results of this alignment will provide a formal description including mapping of elements belonging to both methodologies. This approach also helps introduce new tools for supporting this integration. As shown in Fig. 2, the proposed approach consists of three steps which are discussed briefly in the following subsections: DevelopingRead MoreA Project Manager For A Company That Utilizes Informal Project Management Techniques948 Words   |  4 Pages1. You are a project manager for a company that utilizes informal project management techniques. Thirty days into the project you realize that the team is not communicating effectively and dates are starting to slip. What two actions might you take to correct this situation? Communication is one of the four columns of informal project management. 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With the exceptional growth in technology, the present day projects are often large and complex involving a significant risk. So, a Project Management Methodology enables the delivery organization to handle these projects comprehensively, systematically and in an integrated manner, which results in strategic