Project Methodologies

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Objectives Know the different Project Methodologies

Objectives

Know the different Project Methodologies

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Project Methodologies SSADM Prince2 Sigma (or Six Sigma) Company-specific methodologies Whole

Project Methodologies

SSADM
Prince2
Sigma (or Six Sigma)
Company-specific methodologies
Whole range of these methodologies

exist
For example:-
ABC Methodology (see www.gemsconsult.com/abc_methodology.html)
Epsilon Project Methodology (see www.epsilonconcepts.com/company/our-methodology)
DataX Methodology (see www.datax.com.ua/company/methodology/)
All the company-specific methodologies have common concepts with the standard methodologies, but may vary in how they are applied to specific problems
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Prince2 Almost 20 years has been seen as one of the

Prince2

Almost 20 years has been seen as one of the leading

methodologies for IT project management
Benefits:-
Widely understood and recognised methodology
Structured method that incorporates well established good business practices
Facilitates control in how the project is managed, how resources are used and how risk is diminished
Drawback
Does not give guidance about managing the people involved in the project team
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Prince2 Framework Business/Corporate Managers 1. Directing a Project 8. Planning 2.

Prince2 Framework

Business/Corporate Managers

1. Directing a Project

8. Planning

2. Starting up the project

3.

Initiating a project

4. Control a stage

7 End or close a project

6. Manage stage boundaries

5. Manage product delivery

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Sigma (or Six Sigma) Used to improve business processes Enhancing organisational

Sigma (or Six Sigma)

Used to improve business processes
Enhancing organisational performance
Reducing waste
Improving

product quality, profits and employee morale
Sigma has two basic process definitions that define the activities in the process
DMAIC (Define, Measure, Analyse, Improve, Control)
DMADV (Define, Measure, Analyse, Design, Verify)
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Benefits & Drawbacks of Formal Methodologies Benefits:- Projects are given a

Benefits & Drawbacks of Formal Methodologies

Benefits:-
Projects are given a recognised framework
Enables

team to identify all required steps
Drawbacks:-
Frameworks can be too limiting
Some steps required might be detrimental to the project