A Learning Portfolio On Project Management Methodologies

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A Learning Portfolio On Project Management Methodologies

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A Learning Portfolio On Project Management Methodologies

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Questions:
1.Explain reasons why organisations adopt Project Management Methodologies.

2.Critically analyse the impact of Project Management Methodologies upon stakeholders.

3.Explain and justify the major elements of a Project Management Methodology that might meet the needs of an organisation.

Answers:
Introduction

The portfolio provides a learning outcome based on experiences learnt in project management course. It provides learning experiences on the use and relevancy of project management in firms and industry. The portfolio summarizes whatever was learnt during the entire 12 months regarding project management.
1.Project management methodologies over the last 10 years have used in different organization platforms and activities. Organizations currently have started employing use of project management and methodologies in ensuring final objectives are met. ‘Businesses have started to embrace projects as part of their ventures (Heagney 2016 p.34).’ The engagement makes them adopt methodologies, techniques and tools in delivering their specific outcomes. ‘Reasons why organizations adopt PM methodologies is because projects can easily be evaluated, phases can be managed easily, projects favours participation of different stakeholders and that project focuses on social benefit more than economic benefits (Hedman 2013, p.4).’
Summary
The way project are managed is different from that of business. Project is managed based on different phases or life cycles. Evidence of its usage is seen in performance of projects as compared to businesses. It is necessary for project managers to understand methodologies and techniques in project in order to make informed decisions.
Evidence
I have identified as part of learning outcome that each project approach contains a verifiable tool or technique that project managers can employ. Project managers are expected to develop different business plans that can be used for project activities. In projects it is easy that after implementation of a project it is easy to identify closure and the next sequence not like in businesses.
2.’Stakeholders are key components in any success of a project (Bourne 2015 p.45).’ It is then worthy for project managers to employ suitable methodologies and techniques to manage the various stakeholders. The stakeholders can be primary or secondary depending on the nature and characteristics of projects.

Summary
Stakeholder analysis is usually employed to establish the interest and power of each stakeholder. ‘Once analysis has been done using stakeholder matrix they can be classified into three categories (primary, secondary and tertiary) (Bourne 2015 p.46). ‘That classification will enable them to be recorded in a stakeholder register for easy engagements and retrievals.
Evidence
I have learnt that stakeholder management can be verified by the fewer cases reported on conflicts. Through learning were able to prove that proper stakeholder management process mitigates conflicts and sabotage in projects. The stakeholder register provides one of the communicative tools that can be used for different stakeholders. A communication plan can be drafted in organizations to facilitate informational needs of each stakeholder
3.’There are different elements that can be borrowed from project management methodologies that can be suitable for an organization (Heagney 2016 p.56).’ Examples of the methodologies range from approaches, techniques and tools. Each of these elements if selected provides a unique outcome for a project.
Summary
Some of the elements commonly used in organization include: management of risks, communication registers, stakeholder analysis, scheduling, feasibility studies, monitoring, evaluation and project planning. They are employed in different sections of organizations.
Evidence
‘The various project management methodologies employed in organizations are seen from the products that are developed from organization (Burke 2013 p.23).’ I have identified that business managers are employing risk management to identify and mitigate probable challenges and barriers facing them. Feasibility studies are employed in seeking and justifying new innovations and ideas. In addition business management in organizations are employing participatory frameworks to ensure stakeholder’s needs are met. The different methodologies have contributed positively to the success of the businesses.
Discussion
Throughout 12 weeks of learning about project management methodologies, I have understood the fundamental knowledge of how projects are managed through planning in different project life cycles. I am able to draft different project plans for risks, communication, resources, quality, and stakeholders. In addition I was able to understand how project charter is used in defining the project scope. The knowledge gain has enabled me to be a knowledgeable project manager.

References
Bourne, L. (2015). Making projects work:effective stakeholder and communication management. New Delhi: CRC press.
Burke, R. (2013). Project management: planning and control tecniques. New Jersey: Wiley publishers.
Heagney, J. (2016). The project manager leader. In fundamentals of project Management. New York: Adventure works press.
Hedman, K. (2013). Project management professional exam study guide. Indianapolis: Wiley.

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