ITSU 2006 Project Management Assignment Research Report Guideline
A guide to referencing sources used in assignments • All sources used in assignments, essays, reports and theses must be acknowledged in the text of your document giving the author’s name followed by the publication date (these are called ‘in-text citations’) • A ‘bibliography’ or ‘reference list’ at the end of your document contains the full details of all the intext citations, arranged alphabetically • Referencing is necessary to avoid plagiarism, to verify quotations, and to enable readers to identify and consult any item to follow-up a cited author’s arguments
Referring a Book
The details required, in order, are: • name(s) of author(s), editor(s), compiler(s) or the institution responsible • year of publication • title of publication and subtitle if any (all titles must be underlined or italicised with Victorian Institute of Technology Pty Ltd ITSU2006 – Project Management • sentence style capitalisation as below) • series title and individual volume, if any • edition, if other than the first • publisher • place of publication • page number(s) if applicable
Referring an Article
The details required, in order are: • name(s) of author(s) of the article • year of publication • title of article, in single quotation marks and sentence style capitalisation as below • title of periodical (underlined or italicised with headline style capitalisation as below) • volume number • issue (or part) number • page number(s)
Referring Electronic Sources
This could include sources from full text compact disk products, electronic journals or other sources from the Internet. The basic form of the citations follow the principles listed for print sources: • name(s) of author(s) or the organization responsible for document, web page or site • year of publication of document, creation of page/site or date last revised • Note: if you cannot establish the date of publication, use n.d. (no date) • title of document or page, if applicable • edition, if other than first • type of medium, if necessary • name and place of the publisher, sponsor or host of the source • date item viewed • web page or site address, or name of database on internet (if applicable)
The term project management can be defined as systematic process of planning, resource management, determination of time limit, identification of schedule of activities and etc. for attainment of certain objective. Apart from that a process of project management is deemed as as systematic application of knowledge, certain set of skills, tools and tactics in order to meet the project requirements. In the process of project management, wide range of activities and tactics are considered by project manager for accomplishment of project as per predetermined plan. The methods used for project handling may be varied in different context (Bentley, 2012). Therefore, the project goal is identified as most important element of project planning process along with selection of different tactics for completion of a certain task with a best possible manner. In the process of project management, PRINCE 2 is termed as most effective method of project planning. The term is elaborated in the form of Projects In Controlled Environments (PRINCE2. This approach was evolved with distinct name which is called Project Resource Organization Management Planning Techniques (PROMPT II). But, Central Computer and Telecommunications Agency (CCTA) has applied this system for managing wide range of information system projects with reference to UK Government standard in 1989. Therefore, this method is renamed as “Projects IN Controlled Environments”. This tactic of project planning has been found very effective for handling wide range of tasks either for long duration or short duration (Tuttle, 2012). This report presents different aspects of PRINCE 2 approaches such as methodology, advantage and disadvantage, application in wide range of short and long term projects etc. This report also determines the appropriateness of PRINCE 2 approach of project management in comparison of other methods of project handling.
The method, PRINCE2 was established in the year 1999 by the Central Computer and Telecommunications Agency (CCTA, renamed as the Office of Government Commerce (OGC). In the year June 2010, the Government Commerce Best Practice Management functions moved into the Cabinet Office. PRINCE was originally based on PROMPT, a project management method that was created by Simpact Systems Ltd in the year 1975 and was adopted by the OGC in the year 1979 as the standard method that would be used as the information systems projects by the Government. When PRINCE was launched in the year 1989, it was capable of superseding PROMT within the projects undertaken by the Government. Even in the present world, PRINCE remained and serves in the public domain and the copyright of the same had been retained by the emperor or the crown of the United Kingdom. In 1996, PRINCE2 was published and had been contributed to the corporate trust composed of about 150 organizations in Europe
PRINCE2 system is not like to others tactics of project management which follow a predetermined structure but this system can be customized with reference to size or sort of project requirement. PRINCE2 methodology consists four distinct elements such as Core principles, themes, processes and the last one is tailoring (Cooke, 2016). The evaluation of these terms is mentioned below:
Prince 2 Agile
It is considered to be the most reliable solution for the project management named Prince2 Agile which combines its flexibility and the response of the agile with the help of the governing Prince2. It has been developed in accordance with the demand of the user communities as this Prince2 Agile controls and provides the governance structure working with the entire concepts, techniques and its methods. This was designed in order to help the professionals of the tailor management who is working in the agile environment. As this new product entirely sought out the need of the practitioners who are in need of this solution like Prince2 which is clear and comprehensive in nature as both can create a clear interface in between of the prince2 and the agile.
Though prince2 Agile has been supported by an exam and the formal certification which has been accredited by the providers or the trainers’. Along with Prince2, the Prince2 agile also can be used or applied in any type of the project in an industry or organization.
Finding a Prince2 Agile usually the trainer incorporates the training provider search. The Prince2 Agile permits on focusing the management and the delivery system thus work with the well-established agile approach. It is always on time and never cross its deadlines that is consistent in nature. Basically, it is collaborative in nature and corporate friendly. It meets the requirements and the pragmatistapproach. Hence, itadds up the confidence of the stakeholder and it manages to adaptto the additional tools and reacts in accordance with the changing environment.
AgilePM is basically designed through DSDM Consortium which represents an approach that is different to Prince2’s apparently. As Prince2 Agile’s aims lie in the introduction of the AgilePM converts which is called “agilistas” which means merely assistance in governing the style of Prince2. It is the most popular methods in management in the western world and some considers it to be a religion in some industry because of its revolutionary vigour as it includes the different things and though it is widely reported that the agile environment is the best to work on.
All the factors of the AgilePM describe in the frameworks of a family of behaviours, its concepts with its techniques, thus incorporated in the software development, events management production. Consequently, the Agile approach has attracted as of many reasons that havean emerging power of much little up and front design and its specifications, itfocuses on the collaborative terms for a longrun as it attracts the customer to provide the assistance in the development team. Agile PM favors the casual communication such as whiteboard workflows. It always concentrates on the continuous development where teams are empowered with the decision making facilities and there is no escalation in the higher-ups.
PRINCE2 AGILE FOUNDATION
This Prince2 Agile foundation has been designed for those individuals who are very new to the Prince2 working system and in the agile project environment.Although this course covers the overview of the Prince2 and it gives the introduction of the agile and how it can be used or applied and though there are no such course prerequisites. It brings both together in regard with the project management methods as this requires the Prince2 who belongs to the practitionerlevel of the qualification to study as because it aims at the targeted who wants to engage and learn on how to get oneself adapted in the Agile PM practices.
IMPORTANCE OF PRINCE2 &AGILEPM
There are numerous benefits of Prince2 and the Agile as both got implemented and got the recognition around the globe and most importantly gets combines and fulfil the needs of the organization. The proper guidance enables with the knowledge on how the agile governs the delivery of the projects in a meanwhile Prince2 looks after the whole project. Along with the Prince2, the Prince2 Agile tends to promote the fast returns on the investment with the help of its good flow based work models. The blend of the terms enhances the communication in overall disciplines and the teams. With the process of Prince2Agile, the Prince2 achieves the greater flexibility using the agile influence.
Benefits and limitations of PRINCE2:
PRINCE2 is one of the most popular project management methodology used worldwide. This methodology has some benefits as well as some limitations. The benefits of PRINCE2 methodology are as following:
Benefits to the Individuals
Using of PRINCE provides an individual with greater control of the resources and with an ability to manage the business and risks of the project effectively. The use of PRINCE will benefit the following:
In case of the individuals, the certification of PRINCE2 is the most valuable assets for a person who is going to start his career, as it would be increasing the prospect of the individual in terms of his or her employment.
Benefits to the Organization
The formal recognition of PRINCE2 within a project along with its focus on the matter of delivery of the project provides an organization with the following:
The limitations of PRINCE2 methodology are as following:
PRINCE2 is an acronym or short form of PRojects IN Controlled Environments is a de-facto method that has been based on a process for making the project management more effective. This method is used extensively by the governments of the United Kingdom and is well recognized and used in private sectors both with the country and internationally. The PRINCE2 method is used extensively in the public domain and offers best practice and guidance on project management, especially, which are non-proprietorial in nature. The main features of the method are as follows:
In a survey conducted in the year 2007, the company, Prince Waterhouse Coopers found that there are certified project managers for the higher performing projects and out of them, Arras People’s Survey conducted in the year 2011, named the PRINCE2 to be the most popular amongst all.