Methodology and its concept
To better understand the advantages and disadvantages of using a project management approach based on model-based methodologies, I will begin with reviewing the concepts and definitions. Then I 'll discuss about the major differences of PMBOK® and PRINCE2® project management standards.
Methodology defines a system of practices, techniques, procedures and rules used by those who work in a discipline. For example risk or time management methodology defines the approaches, tools and data sources that will be used to perform risk management or time management on the entire project or its segments.
PMBOK® is the American standard of project management which is accepted worldwide. It’s a knowledge-based approach which concentrates on the project manager 's role. Whereas PRINCE2® is the British standard of project management-also accepted worldwide-which unlike the PMBOK®, is a process-based approach and involve everyone in the project.
One of the most common questions about PRINCE2®, is about its similarities and differences with PMBOK®. PMBOK® is about knowledge and skills that are necessary for project management and the techniques to integrate these skills and …show more content…
As a supply chain & procurement director, I often faced problem to convince the CFO for on time financial allocation. Since distributorship and related services is the scope of the organization, this delay always impact the entire project and even the other contractor 's activity. We were receiving claims from the main company which lead to delinquency in payments. I found scheduling methodology the best solution for this issue. So decided to design a matrix time schedule with financial prospective which was self-explanatory. Now all the team members could see the prospect of time dilation in one sheet. Now everyone obliged himself to follow the time
To better understand the advantages and disadvantages of using a project management approach based on model-based methodologies, I will begin with reviewing the concepts and definitions. Then I 'll discuss about the major differences of PMBOK® and PRINCE2® project management standards.
Methodology defines a system of practices, techniques, procedures and rules used by those who work in a discipline. For example risk or time management methodology defines the approaches, tools and data sources that will be used to perform risk management or time management on the entire project or its segments.
PMBOK® is the American standard of project management which is accepted worldwide. It’s a knowledge-based approach which concentrates on the project manager 's role. Whereas PRINCE2® is the British standard of project management-also accepted worldwide-which unlike the PMBOK®, is a process-based approach and involve everyone in the project.
One of the most common questions about PRINCE2®, is about its similarities and differences with PMBOK®. PMBOK® is about knowledge and skills that are necessary for project management and the techniques to integrate these skills and …show more content…
As a supply chain & procurement director, I often faced problem to convince the CFO for on time financial allocation. Since distributorship and related services is the scope of the organization, this delay always impact the entire project and even the other contractor 's activity. We were receiving claims from the main company which lead to delinquency in payments. I found scheduling methodology the best solution for this issue. So decided to design a matrix time schedule with financial prospective which was self-explanatory. Now all the team members could see the prospect of time dilation in one sheet. Now everyone obliged himself to follow the time