MAJOR PROJECT MANAGEMENT METHODOLOGIES
The 1980s and 90s saw the different industry come of age, and complex computer systems were developed and implemented by corporations and government organisations worldwide. Different project management methodologies were developed. In this section some of the more widespread project management methodologies standards will be briefly critiqued, as to their suitability for managing projects in an SME environment. The methodologies standards that will be discussed in this section are the PRINCE2, Hermes, and V-Modell and methods, in addition to the PMBOK framework. This is by no means an exhaustive list of all project management methods currently available in the field. However these four were considered …show more content…
The authors of PRINCE2 state that it is a fully scalable method for large as well as small projects (OGC 2005 citied from O’Sheedy, 2012), however the approximately 40 activities included in this method need to be individually assessed and modified for smaller projects. Each of the major areas needs to be addressed and guidance is given in the standard, though how they are actually adapted is left to the discretion of the project management team. Therefore, to use such a method on small projects requires an in-depth knowledge of the method on the part of the project manager. Not all project professionals agree however that the PRINCE2 method is as adaptable as promised, and while the benefits for large and complex projects has been acknowledged, the value of this method in connection with small projects is questionable (Nicholson 2004). As the name implies, Projects In Controlled Environments, this method is best suited to controlled environments where projects can be carefully planned, and is therefore not ideally situated for the control of projects in an environment where uncertainty abounds (OGC 2005; Nicholson 2004 citied from O’Sheedy, …show more content…
Such modified methods are commonly referred to as PRINCE Lite, or PRINCE2 Lite, and use a similar framework to PRINCE2 without the whole weight of the method needing to be applied to a project. However, these methods are often derisively referred to as PINO (PRINCE In Name Only) by advocates of PRINCE2, and there are still limits as to where this modified version can be successfully deployed. One version of this modified method views projects with a projected duration shorter than 15 days as not viable to be considered as PRINCE2 Lite projects, as they may become hindered by paperwork and processes. Another issue for the widespread uptake for this method is that this is a customized method that is generally produced internally by an organization, and is not released for use by the general
The 1980s and 90s saw the different industry come of age, and complex computer systems were developed and implemented by corporations and government organisations worldwide. Different project management methodologies were developed. In this section some of the more widespread project management methodologies standards will be briefly critiqued, as to their suitability for managing projects in an SME environment. The methodologies standards that will be discussed in this section are the PRINCE2, Hermes, and V-Modell and methods, in addition to the PMBOK framework. This is by no means an exhaustive list of all project management methods currently available in the field. However these four were considered …show more content…
The authors of PRINCE2 state that it is a fully scalable method for large as well as small projects (OGC 2005 citied from O’Sheedy, 2012), however the approximately 40 activities included in this method need to be individually assessed and modified for smaller projects. Each of the major areas needs to be addressed and guidance is given in the standard, though how they are actually adapted is left to the discretion of the project management team. Therefore, to use such a method on small projects requires an in-depth knowledge of the method on the part of the project manager. Not all project professionals agree however that the PRINCE2 method is as adaptable as promised, and while the benefits for large and complex projects has been acknowledged, the value of this method in connection with small projects is questionable (Nicholson 2004). As the name implies, Projects In Controlled Environments, this method is best suited to controlled environments where projects can be carefully planned, and is therefore not ideally situated for the control of projects in an environment where uncertainty abounds (OGC 2005; Nicholson 2004 citied from O’Sheedy, …show more content…
Such modified methods are commonly referred to as PRINCE Lite, or PRINCE2 Lite, and use a similar framework to PRINCE2 without the whole weight of the method needing to be applied to a project. However, these methods are often derisively referred to as PINO (PRINCE In Name Only) by advocates of PRINCE2, and there are still limits as to where this modified version can be successfully deployed. One version of this modified method views projects with a projected duration shorter than 15 days as not viable to be considered as PRINCE2 Lite projects, as they may become hindered by paperwork and processes. Another issue for the widespread uptake for this method is that this is a customized method that is generally produced internally by an organization, and is not released for use by the general