Project Management Essay Example | Topics and Well Written Essays - 1500 words - 15

Project Management - Essay Example Key project obstacles include scope, quality, budget, and time. Other secondary obstacle would include more ambitious challenges like fairly allocating the necessary inputs and integrating them in order to achieve the set objectives and goals. There are various ways of approaching project management activities. Regardless of the methodology employed; project managers should put a lot of considerations on the overall project objective, time, cost, and also the responsibilities and duties to be played by members and stakeholders in the project. PRINCE2 and Agile project management methodology are examples of the methodologies available for project managers (Keith 2010). PRINCE2 is a well-structured approach used in project management. It combines the original PROMPT methodology with IMB’s MITP methodology. PROMPT methodology had earlier evolved into the present day PRINCE2 methodology. PRINCE2 offers a platform for project management with clearly spelt out structure. It was developed by the United Kingdom government Office of Government Commerce (OGC). The United Kingdom expensively uses this methodology in its management duties of public projects in the country. PRINCE2 encompasses the control, organization and management of a given project. It puts a lot of focus on not only definition of products but also their delivery, especially the quality requirements (Gerard 2008). Because of this, it defines a successful project as being output oriented but not activity or action oriented. This is through creating products agreed upon as well as defining the intended scope of the project. It also helps provide a platform for control and planning. Project chiefs would be able to coordinate the project participants. Additionally, they will be able to know how to supervise and design product delivery and what to do if the project fails to meet the originally set goals. In the PRINCE2 methodology, all the different processes involved are clearly specified with