Professional Documents
Culture Documents
CT050-3-3-PRMGT
PROJECT MANAGEMENT
UC2F2008CS(DA)
WEIGHTAGE: 20%
INSTRUCTIONS TO CANDIDATES:
2 Students are advised to underpin their answers with the use of references
(cited using the Harvard Name System of Referencing).
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TABLE OF CONTENTS
1.0 INTRODUCTION 4
WORKLOAD MATRIX 15
REFERENCES 16-17
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1.0 INTRODUCTION
Process Management Body of Knowledge (PMBOK), Projects in Controlled Environments
(PRINCE2), and Agile are some of the most common terms in the scene of Project Management.
Each of them serves different purposes and needs, and are not direct equivalents of each other. This
section will document a comparative analysis, highlighting the important differences between them
and their appropriateness in different areas of the Human Capital Project (HCP).
Process Management Body of Knowledge (PMBOK) is a collection of best practises and standards
of project management, including tools/techniques, terminologies, and guidelines. As the world of
Project Management is constantly evolving, PMBOK is a constantly updating collection. PMBOK is
coordinated and published by Project Management Institute (PMI) (Wrike, 2013).
Agile is a manifesto that contains the approaches, practises, and frameworks that are expressed in
Agile manifesto and 12 principles of Agile. Agile does not restrict the team to a specific methodology,
and any frameworks/methodologies are suitable to be used as long as it adheres to the principles of
Agile. Several frameworks built upon Agile principles includes eXtreme Programming (XP) and
Scrum (Agile Alliance, 2019).
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2.0 COMPARATIVE ANALYSIS
Principles PMBOK does not have PRINCE2 has 7 key There are 12 main
the specific principles for principles principles of Agile
the success of project (processes/stages) to be Manifesto
development. followed
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Strengths - Detailed Book of - Rigid and structural - Emphasises having
Knowledge (standards, methodology work done in shortest
best practises, etc) on how - Covers roles, time possible
to be a successful project responsibilities on all - Flexible, not
manager people involved in the restricted into one
- Flexible, covers many project, not just the methodology
knowledge-areas project manager. - Adaptable to
- Catered for different - Outlines all the changing
types of industries necessary to start a requirements.
- Vast analysis and project, and for the team
explanation on tools members to follow.
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2.1 Analysis and Summary
As the new Project Manager will be focusing on resolving the failing project with 10 knowledge
areas, Process Management Body of Knowledge (PMBOK) and PMP-certified project manager will
be a very beneficial asset in the Human Capital Project. Moreover, it is evidenced in this case that
the past project manager already has excellent technical skills but poor leadership and interpersonal
qualities. PMBOK covers this topic in detail. A section in PMBOK (Appendix X3) is specifically
catered for this case scenario, detailing the interpersonal and qualities that a project manager should
possess (Senapathy, 2017).
PRINCE2, is a rigid and specific methodology for a project team to follow. It has clearly defined
roles, responsibilities, and process stages from start to end of the project. Following the PRINCE2
methodology will provide a robust structure for the project to be managed and can focus on breaking
down the project processes into sub-tasks. As the Human Capital Project is also an IT-focused
project, PRINCE2 can be used as a methodology for the Human Capital Project (HCP) to follow due
to the fact that it is oriented towards IT projects.
Agile on the other hand, is a way of thinking on how the work should be carried on the project.
Agile’s main idea is for a work to be carried on an incremental basis and advocates it to be adaptable
to changes. This methodology is more flexible compared to the other two which allows the project
team to develop the deliverables with very minimum requirements and benefit them to save time and
cost. The project team could apply 12 principles of Agile in this Human Capital Project (HCP). The
latest PMBOK editions also have Agile guides included (Project Management Institute, 2018).
As the project seems to be stalling due to the lack of leadership qualities and the new project manager
will be heavily utilising a knowledge-based approach, the project team will arguably benefit the most
from Process Management Body of Knowledge (PMBOK) and PMP-certified project manager.
However, the importance of PRINCE2 and Agile should not be overlooked.
These three terms above (PMBOK, PRINCE2, and Agile) are arguably not direct equivalents of each
other. A successful project manager is often exposed to these three concepts, and actively seek their
principles and benefits to different areas/requirements in managing a project. Complementing each
other, PMBOK may provide the project manager with the best practises and standards in different
knowledge areas, Agile principles may be leveraged in order to carry work efficiently in short periods
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and for the project to be adaptable to changes, and PRINCE2 methodology to provide structural
integrity to the project (i.e governance, structure, and roles).
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3.0 PROJECT INITIATION TOOLS
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-Project be well
delivered
following the
decisions made
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progress
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3.2 Project Charter
Project Charter is defined as centralised, single source of information about the project's planning
and implementation (Emani, 2015). The project charter describes the goals and objectives of the
project boundaries, regardless of the type of project The management mode will be of use. Without
a project charter, the project can be cancelled at any time and for any cause, and it could be subject
to an audit as an unlawful project.
According to Bhagia (2018), these are some of the advantages of a project charter:
➔ It grants the project manager the authority to complete the project.
➔ Explains the project's value and existence in the business world.
➔ Demonstrates the project's backing from management.
➔ Defines the project's outcome.
➔ Aligns the project with the goals of the company.
Project charter is a necessity for APEX because, without a project charter, a project can be
cancelled at any time and for any cause, and an audit as an unapproved project can be conducted.
The limitations of the project being implemented by APEX and the organizational effects to the
department makes project charter a requirement as it defines all the traits such as main objectives,
risks and deliverables for the managers and the project personnel to track control of to make the
project successful. Below is a sample project charter built for the project
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General Information
Project Title Human Capital Project
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1) Competent resources would be chosen from any of the SME-
Scope (the range of
departments as outlined in section V, Table 1 of the
goals that need to be
reached) organisation structure.
2) This new system will require the current IT infrastructure to
support it.
3) HCP must gradually replace the current system.
4) The cutover (from the present system to the new centralised
system) must occur simultaneously.
The key risk associated with this project is time inefficiency which can
Risks (obstacles that lead to major issues such as inability to complete the project and
might affect the exceeding budget limitation. This can be a major risk as it can have a
project) guaranteed chance of a project failure and/or the company going out of
the market competition.
Due to shortage of time and members, the project outcome might ned
Constraints (obstacles up being very minimal and inefficient due to time playing a major
that might limit the factor in any organization in the global market and the lack of
project’s outcomes) members will make the efficiency even lower due to insufficient
members to complete the project quick
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WORKLOAD MATRIX
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REFERENCES
Agile Alliance (2019). What is Agile Software Development? [online] Agile Alliance.
Available at: https://www.agilealliance.org/agile101/ [Accessed 20 Jan. 2022].
Malsam, W. (2018). PRINCE2: an Introduction to the Project Management Methodology.
[online] ProjectManager.com. Available at: https://www.projectmanager.com/blog/prince2-
methodology [Accessed 24 Jan. 2022].
Project Management Institute (2018). PMBOK® Guide. [online] Pmi.org. Available at:
https://www.pmi.org/pmbok-guide-standards/foundational/pmbok [Accessed 25 Jan. 2022].
Senapathy, Y. (2017). PMBOK® Guide View of interpersonal Skills v.2 - Project Management
Training Institute. [online] Available at: https://www.4pmti.com/blog/view-of-interpersonal-
skills/ [Accessed 26 Jan. 2022].
Wrike (2013). What is PMBOK in Project Management? - Wrike. [online] Project Management
Guide. Available at: https://www.wrike.com/project-management-guide/faq/what-is-pmbok-
in-project-management/ [Accessed 24 Jan. 2022].
Bhagia, R., 2022. What is the Importance and Benefits of The Project Charter?. [online]
Knowledgehut.com. Available at: <https://www.knowledgehut.com/blog/project-
management/importance-and-benefits-of-the-project-
charter#:~:text=A%20project%20charter%20is%20important,i.e.%20Project%20Manager%2
C%20Stakeholder%2C%20Higher> [Accessed 24 January 2022].
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Enani, J., 2022. Project Charter. International Journal of Scientific & Engineering Research,
[online] 6(3). Available at: <https://www.ijser.org/researchpaper/Project-Charter-032015.pdf>
[Accessed 25 January 2022].
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