A Research Project On Project Management

The VP of marketing, Lori, selected Elliot Wood as the project manager for the Video Game Market Research Project. Elliot had previous project management and market research experience within the company, and he also was an avid video game enthusiast. He still had the Atari system he used to play in high school, and he enjoyed playing newer games with his two children. Elliot, however, was wary of doing business on the Internet and refused to make any of his own purchases online. He also did not let his grade school children use the Internet unless they were

Even though the price would be lowered because of the bad weather as per the tying in price and weather policy, not everyone would still want to go away. Either it needs to be explained clearly on the website that undesirable weather will not entitle any customer to a refund or to change or cancel their booking without penalty; or the policy must be clear in whatever the company decides is fair. For example, it may state that if the weather is unpleasant can change (but not cancel) the booking to another time.

Project methodology provides the Information Technology Services project teams with group of rules to manage projects. Methodology is a tool provider to make every one 's job easier, mainly who manages the project, which contains the description, steps and templates to various project activities that require delivering successful projects. Project Management Methodology is a factually defined sequence of logically related practices, methods and processes that determine how best to plan, develop and deliver a project throughout the continuous implementation process until the completion. It is a scientifically-proven that systematic and disciplined approach project execution, design and completion of project. A methodology provides a skeleton for describing every step in depth, so that a project manager will know what to do to deliver and implement the work according to the budget, schedule and client specification.

There are many proven project management methodologies are available today for organizations to achieve their goals with expected results within an approved scope, budget, and time. The most popular methodologies are traditional Waterfall, Prince2, Agile, and ITIL. The methods are:

A project methodology or approach is the model that project managers use for the designing, planning and

Agile methodology is sound approach for software development. The main focus is on people. Customer as well as team members are base of success and failure of a project in agile environment (Mohammad et al., 2013). Agile methodology is based on some core values and principles that should be followed by an agile practitioner while developing projects in agile environment (Stellman & Greene, 2014). The main characteristics of agile includes its iterative nature, high customer satisfaction and quick adaptation to changes (Sharma, Sarkar, & Gupta, 2012).

By providing working iterations of code to stakeholders several times over the course of a projects life, changes are requested and the code is altered on-demand; this can help prevent project failure.

At the Trinidad Gas Company (TGC), software development is done using an adaptive version of the Waterfall Methodology and the US Department of Justice Systems Development Life Cycle. The stages used by TGC in this mainly Waterfall Method involves the Initiation Phase, System Concept Development Phase, Planning Phase, Requirements Analysis Phase, Design Phase, Development Phase, Integration and Test Phase, Implementation Phase and Operations and Maintenance Phase. This methodology is a predictable, rigid and sequential design process, which means, that as each of the nine stages are completed, the developers move on to the next stage. In this sequential process there also exists a stage gate between each stage. This stage gate is simply a review of the project status to determine if to proceed or not. However, the stage gate approach is not always followed on many of the development projects undertaken by TGC. A brief description of each stage is mentioned below:

In the 1970s, Winston Royce built on the waterfall model to incorporate iteration and stage review. Royce’s intent was to “address the central role that the design phase plays in minimizing risks by being re-visited several times (Ruparelia, 2010, p. 8).’’ This later form of the waterfall model assumes that continual feedback is required to ensure additional updates/improvements are implemented, and is therefore necessitated by the requisite updates that subsequent testing phases bring to light.

One of the most prevalent approaches companies utilize today is Agile. The Agile approach was developed to mitigate many of the shortcomings of Waterfall. “The agile development

Amid the previous forty years, new programming improvement methodologies were acquainted with fit the new societies of the product improvement organizations. Most programming organizations these days intend to create profitable programming in brief time period with negligible expenses, and inside flimsy, evolving situations. Spry Procedures were in this way acquainted with meet the new necessities of the product improvement organizations.

As stated by to the Project Management Institute, “A project is a temporary process which has a predetermined beginning and end according to the requirement, and therefore has a set of defined scope and resources. A project is unique as it is not a routine operation. It is rather a specific set of procedures and processes designed to accomplish the targeted goal” (Project Management institute, n.d.). A project is not a continuous or a permanent job which needs continuous work put into it. It is, therefore, different and separated from the daily operation of a company. Since a project is an undertaking of a company to attain some special assignments and tasks, it can be of different financial and operational sizes. Some projects can

When we look at the traditional view of business, a company has a particular process it goes through to create its product, “to produce as many of the products as the company can”. This traditional view is a steady-state process where the company continues going through the same process to build ever more of its product. This is good, but we need to keep in mind that the environment that a business operates in is going to change. This calls for the necessity of the company to adapt.

The proposal writing process is multifaceted, encompassing both the actual submission of a request for proposal as well as the management of the implementation of received funds. Through class lectures and assigned readings, we’ve discussed the various aspects that make up the process of grant writing. Through this essay, I will explain this process as it leads up the management of the project once funded. Furthermore, this essay will explain how to ensure that the proposal submitted addresses key aspects necessary for the project to be implemented in line with best practices for project management.

In addition to flexibility and responsiveness, Agile project management focuses on continuous planning, execution, and feedback. Agile methods are designed to adapt quickly to changes; whereas more traditional methods focus on planning the future in detail. Agile methodologies are able to more efficiently bring advances to a project (City A.M., 2015). Research shows that agile methodologies are increasingly popular because it helps employees avoid delivering a wasting time completing a project that is later realized to be the complete antithesis of what was truly needed (Pozzebon, 2015). In short, “agile methodologies enable you to do is deliver something quickly but then adapt it and change it at a given point in time based on what you now know and what you 've already implemented” (Sunday Business Post, 2012)). Agile is juxtapose to traditional project management. Traditional project management methodology is focused on the sequential lifecycle of a project, referred to as waterfall. Waterfall projects are common in the construction of infrastructure such as the construction of a bridge, electrical substation or a highway. The waterfall