Conference On Oriented Business Management â€Myassignmenthelp.Com

Question: Discuss About The Conference On Oriented Business Management? Answer: Introduction The aim of this report is to provide a brief overview about project methodology for discussing continuous professional development and allocation of responsibilities. The project management outcomes are discussed in this report so that in life cycle state, the project can be managed (Boud, Cohen and Sampson 2014). Project management principles and concepts are emphasized with reflected different domain implications. Evolution of project management methodology The project management methodologies are evolved within different service and business sectors. The management and methodology involved several specifications, cost, and change management throughout project management life cycle (Golini, Kalchschmidt and Landoni 2015). The project management methodology is based on phases and life cycle. The evolution of project management methodology is gradually continued with different approaches and proper application of project management tools and techniques (Polonsky and Waller 2014). The approaches are mentioned with all aspects of time, quality, and workforce management; Traditional Project Management Life Cycle: Traditional project management life cycle is based on waterfall model (Wilson 2014). The life cycle is dependent on different stages of development such as requirement analysis, requirement elicitation, gathering, development, and execution of stages. Iterative Project Management Life Cycle: Iterative project life cycle involved the iteration of stages over the entire project management life cycle (Karaman and Kurt 2015). Incremental Project Management Life Cycle: Incremental project life cycle is quite similar to iterative project management life cycle (Ng and Coakes 2013). However, incremental project management life cycle involves intermediate product or model of deliverable (Kerzner 2017). Adaptive Project Management Life Cycle: The adaptive project management life cycle considers the major outcomes and adapts them into next stage of development. Project management Practice, Frameworks and Standards In this project, the project management practice is initialized with outlining the project with document as project charter and project feasibility report. The feasibility report states whether the project can be feasible for implementation or not. Project scope statement identifies the activities that should be accomplished by the end of project charter with critical success factors (Kononenko, Aghaee and Lutsenko 2016). Project Scope Review statement identifies about major project scope, project boundaries, limitations, revision of scope as well. The revision of scope statement is another major strategy for determining the way to understand the project success factors (Parker et al. 2013). The scope statement can determine the project charter whether it can bring success in completion of project or not. The project documentation and work breakdown structure of the project can decide how the business could be segmented under different parts that could be of use for completing the project within stipulated timeline (Nicholas and Steyn 2017). The work breakdown structure can be used for allocating the tasks and activities to other people with similar terms and time along with individual responsibilities (Schwalbe 2015). The improvement of provided services can be performed taking suggestions from the customers, consumers, and the people who avail the services within the organization service process. The services put the organizational structure aligned with developing proper workforce and relevant learning process to achieve the project requirements. Prince2 Project Methodology Project management methodology Prince2 is known as set of methods for providing structured with several responsibilities for properly defined activities. The project management team requires communicating with each other alongside the organizational activities (Singh and Lano 2014). Prince2 methodology involves project with proper preparation and completion within assigned time with controlled manner (Razavi, Padash and Nesbati 2017). The major benefits of project management methodology are that this management process makes the outcomes more predictable, along with proper utilization of best work process with standardizing project management aspects. The aspects were considered for making sure that gap of communication should not make hindrance between the activities (Svejvig and Andersen 2015). The project methodology meets the requirement of the client along with stating the scopes and activities. Besides, Pirnce2 benefits, the methodology have some major problems and issues that are common to leadership and organization liability for introducing to prince2 methodology (Jeston and Nelis 2014). The project management methodology can introduce more specialist aspects for completion such as change management, detailed discussion on procurement and others (Verma, Bansal and Pandey 2014). The project management documentation generally takes more time rather the following of prince2 methodology in any project. As per prince2 methodology, individual process of the projects can have support from the continued business process so that the activities are justified in the project life cycle. The justifications are based on the organizational aspects (Yao 2016). The feasibility report states whether the project can be feasible for implementation or not. Project scope statement identifies the activities that should be accomplished by the end of project charter with critical success factors. Project scope review statement identifies about major project scope, project boundaries, limitations, revision of scope as well (Culha and Dogru 2014). The revision of scope statement is another major strategy for determining the way to understand the project success factors. The scope statement can determine the project charter whether it can bring success in completion of project or not. The work breakdown structure can be used for allocating the tasks and activities to other people with similar terms and time along with individual responsibilities (Sekaran and Bougie 2016). The improvement of provided services can be performed taking suggestions from the customers, consumers, and the people who avail the services within the organization service process (Jain and Joshi 2016). The services put the organizational structure aligned with developing proper workforce and relevant learning process to achieve the project requirements. Conclusion Prince2 methodology involves project with proper preparation and completion within assigned time with controlled manner. The major benefits of project management methodology are that this management process makes the outcomes more predictable, along with proper utilization of best work process with standardizing project management aspects. The aspects were considered for making sure that gap of communication should not make hindrance between the activities. The project methodology meets the requirement of the client along with stating the scopes and activities. The project management methodology can introduce more specialist aspects for completion such as change management, detailed discussion on procurement and others. The project management documentation generally takes more time rather the following of prince2 methodology in any project. References Boud, D., Cohen, R. and Sampson, J. eds., 2014.Peer learning in higher education: Learning from and with each other. Routledge. Golini, R., Kalchschmidt, M. and Landoni, P., 2015. Adoption of project management practices: the impact on international development projects of non-governmental organizations.International Journal of Project Management,33(3), pp.650-663. Karaman, E. and Kurt, M., 2015. Comparison of project management methodologies: prince 2 versus PMBOK for it projects.Int. Journal of Applied Sciences and Engineering Research,4(5), pp.657-664. Kerzner, H., 2017.Project management metrics, KPIs, and dashboards: a guide to measuring and monitoring project performance. John Wiley Sons. Kononenko, I., Aghaee, A. and Lutsenko, S., 2016. Application of the project management methodology synthesis method with fuzzy input data.Eastern-European Journal of Enterprise Technologies,2(3 (80)), pp.32-39. Parker, D., Charlton, J., Ribeiro, A. and D. Pathak, R., 2013. Integration of project-based management and change management: Intervention methodology.International Journal of Productivity and Performance Management,62(5), pp.534-544. Schwalbe, K., 2015.Information technology project management. Cengage Learning. Singh, R. and 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), pp.107-122. Svejvig, P. and Andersen, P., 2015. Rethinking project management: A structured literature review with a critical look at the brave new world.International Journal of Project Management,33(2), pp.278-290. Verma, J., Bansal, S. and Pandey, H., 2014. Develop Framework for Selecting Best Software Development Methodology.International Journal of Scientific Engineering Research,5(4). Yao, Y.A.O., 2016. The Rational and Behavioral View in Project Management.DEStech Transactions on Social Science, financial and Human Science, (icss). Nicholas, J.M. and Steyn, H., 2017.Project management for engineering, business and technology. Taylor Francis. Wilson, J., 2014.Essentials of business research: A guide to doing your research project. Sage. Polonsky, M.J. and Waller, D.S., 2014.Designing and managing a research project: A business student's guide. Sage publications. Ng, W. and Coakes, E., 2013.Business Research: Enjoy Creating, Developing and Writing Your Business Project. Kogan Page Publishers. Jeston, J. and Nelis, J., 2014.Business process management. Routledge. Sekaran, U. and Bougie, R., 2016.Research methods for business: A skill building approach. John Wiley Sons. Razavi, S.M., Padash, H. and Nesbati, A.N., 2017. The Role of Business Regulations in Economic Growth. InIranian Entrepreneurship(pp. 41-53). Springer International Publishing. Culha, D. and Dogru, A., 2014, April. Towards an agile methodology for business process development. InInternational Conference on Subject-Oriented Business Process Management(pp. 133-142). Springer, Cham. Jain, S. and Joshi, H., 2016, September. Impact of early testing on cost, reliability and release time. InReliability, Infocom Technologies and Optimization (Trends and Future Directions)(ICRITO), 2016 5th International Conference on(pp. 318-322). IEEE.