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Eclectic Engineers - Group Assignment
Eclectic Engineers - Group Assignment
CT050-3-3-PRMGT
GROUP ASSIGNMENT
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Contents
Workload Matrix ....................................................................................................................................... 3
Comparative Analysis ................................................................................................................................ 9
Project initiation techniques ................................................................................................................... 11
Project Charter .................................................................................................................................... 11
PROJECT CHARTER SAMPLE DIAGRAM ............................................................................... 11
PROJECT SIGN-OFF SAMPLE .................................................................................................... 15
Feasibility Study ................................................................................................................................. 17
Feasibility Study Sample diagram .................................................................................................. 17
References .............................................................................................................................................. 19
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Workload Matrix
Name Percentage Criteria
Devdat Kumar 25% • Agile
• Comparative Analysis
(summarizing and comparing
in the final report)
• Comparative Analysis
(summarizing and comparing
in the final report)
• Comparative Analysis
(summarizing and comparing
in the final report)
• Feasibility Study
(Description, Functionality,
Advantages, Disadvantage,
Sample Diagram)
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PMBOK Prince2 Agile
Principles
▪ Team collaboration involves ▪ A project must justify the
all management operations Four central values comprise the
requirements and evaluation
related to communication Agile Manifesto to have twelve
(Management & PRINCE2®, principles. (Terry, n. d)
between multiple project 2022).
teams. ▪ Individuals and Interactions
▪ In exceptional cases, board Take precedence over
▪ Effective Stakeholders members intervene and Processes and Tools.
Engagement composes manage the situation,
Discussions, Cooperation adapting to change similarly ▪ Agile, unlike Prince2, focuses
with active dealings and to Agile. on the Product rather than
Recurrent mutual ▪ extensive paperwork.
communication. ▪ PRINCE2 environment allows
for a customized strategy for ▪ Collaboration with Customers
▪ Value Focus focuses on any each project. During Contract Negotiation.
resulting value that an
organization benefits from ▪ Rather than Adhering to a
through a project, business, Fixed Plan, Adapt to
or strategy. Change.
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project runs successfully
(Herman, 2022).
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client is satisfied with the PRINCE2 and PMBOK close ▪ Retirement
project. it when the requirements are After completing all iterations,
fulfilled. the client is notified to switch to
the new system (Workflow,
2021).
Strengths
▪ Standardize practices and ▪ Less time is spent finding ▪ For smaller projects, Agile
methods through various risks because they were stated is suitable over PMBOK or
departments for more at the start of the project. Prince2 due to the flexible,
straightforward and swift, and coherent quality
uncomplicated usage of said ▪ Similarly, like PMBOK, the affirmation of delivery.
procedures. PRINCE2 methodology
▪ Agile methodologies result
standardizes all aspects of the
▪ Modify techniques for the in a more rapid software
project to eliminate the
specific needs and suitable development process that
scenarios that a project possibility of minimizes the period
might require. miscommunication or between paying and being
misdirection. paid significantly, resulting
▪ Prevention of project in a lucrative firm.
failures through
systemization of risk ▪ Unlike PMBOK and
responses through Prince2, Agile has high
optimized attributes. (What customer/stakeholder
Is PMBOK in Project interaction at each
Management? iteration/sprint; thus, the
Understanding PMBOK exact final Product is
Methodology, 2022). delivered without referring
to backlogs (Kukhnavets,
2016).
Weaknesses
▪ Lack of interchangeable ▪ The lack of tools and PMBOK and Prince2 take the
responsibilities for the approaches in PRINCE2 lead over Agile in this area due
project team compared to goes into great length on two to their lack of resource
the other two approaches techniques: the quality review planning; It is challenging to
that contain unique pairs of technique and the product- anticipate the amount of work,
team roles and specifics based planning technique. time, and required resources at
(Buehring, 2021). the preliminary stages of a
project (Kukhnavets, 2016).
▪ The unnecessarily complex
descriptiveness of elements ▪ PRINCE2 requires senior ▪ Due to limited initial
may hinder simple results management buy in to be planning Agile has limited
and outcomes that are successful and is document- documentation than Prince2
unavailable within the other heavy, unlike Agile. and PMBOK.
two policies (Buehring,
2021). ▪ It requires an excellent level ▪ Agile works well for co-
of detail and experience to related teams located in the
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▪ It is not objective towards work well compared to exact physical location; it
the North American PMBOK and Agile. does not function well for
perspective and is globally departments located in
unstandardized compared to separate locations or for
other more internationally large enterprises.
accepted methodologies
(Buehring, 2021). ▪ Heavy client interaction is
also a significant issue for
development teams, as it
causes the customer to make
additional decisions before
reaching the final Product
(PMHut, 2010).
Inputs
(documents ▪ Business documents as ▪ Unlike PMBOK or Agile, ▪ Non-team members like
and programs input within every phase as Prince2 projects require a users, customers, or vendors
that are they are vital components, trigger, a document stating whose feedback is crucial to
necessary for whereas the other two the project brief to start up a the project's success.
the possess more technical project. (Agilest, n. d).
integration of documents.
a project ▪ Prince2 projects require a ▪ Product Backlog, Spring
process) ▪ Agreements, assets, and detailed cost assessment Backlog, and Burndown
environmental factors of appropriately documented. charts can be taken as input
the organization are the to make sprint completion
procurement requirements estimates and what needs to
concerning unique be accomplished in the next
requirements of Agile sprint.
inputs.
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Stakeholder
Involvement ▪ Personally, involvement ▪ Unlike PMBOK or Agile, ▪ At each iteration, the client
consists of defined roles Prince2 considers the end participates in verifying the
such as Strategic, customer, who will be the delivered Product and
Operational and Tactical business case's owner and will requesting needed changes.
project managers, unlike bear ultimate responsibility
shifting official positions for ensuring that the project ▪ Agile emphasizes the
existing in the other two involvement of all parties
delivers on its promises.
approaches (Echtelt, 2020). involved in the project, both
("The 7 Principles, Themes directly and indirectly.
▪ Stakeholders involved and Processes of PRINCE2 -
consist of similar identities PRINCE2 Blog | EUR",
related to the other two 2022).
methodologies, such as
Client, End User, Supplier
and Project Manager. ▪ Sometimes a change of
authority occurs when the
▪ Most governmental bodies project needs to consider any
are involved as request for project
stakeholders, whereas the specifications, whereas
other available practices, PMBOK has defined roles.
I.e., Prince2 and Agile,
possess privatized bodies as
▪ The board takes the project
stakeholders.
Assurance role, unlike Agile,
which works between
developers and clients.
Methodology
Approach ▪ PMOBK is more of a ▪ Prince2, unlike Agile, which ▪ An agile approach is how to
(Describe the standard approach for has iterative and adaptive make a quality product to
criteria here) establishing other basic stages, has a highly the client's satisfaction.
principles and approaches organized and controlled
concerning Agile, the start, middle and ending of a ▪ Agile focuses on how
complete opposite practice. project. individuals approach the
work and manage the
▪ PMBOK has clear and ▪ Prince2, unlike Agile, problem to deliver a product
fixed instructions by the considers the goals and the according to the client's
clients in contrast to new requirements rather than actual requirements.
systems and methodologies. clients' satisfaction.
▪ Prioritizing
▪ PMBOK focuses more on User involvement fosters
standardization for its autonomy and engagement
processes so that it may among customers,
become more accessible for contributing to the Product's
all stakeholders and longevity (Arell, 2022).
personnel to possess a
universal guideline.
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Comparative Analysis
The PRINCE2 project management approach is likely to revolve around the original business
plan and goals, whereas the Agile approach will be more responsive to changes in the Product or
requirements that may emerge at short notice during the projects, with the outcomes not being
dictated by an overarching plan. Similarly, the traditional PMBOK focuses on the completion
rather than the project's changes, iterations, or cycles, unlike the other two methodologies, Agile
and Prince2.
In this regard, PMBOK will require early and detailed input from the client, whereas the other
two methodologies require constant input change from their client. Both Agile and Prince2 have
multiple unique project professions that will focus on their assigned cycles and iterations until
they are completed or altered so that they may concentrate on their modified respective
operations. However, PMBOK professionals consist of criteria specific assignments within the
project so that they may conclude the entire project within the timeline initiated. In contrast to
PMBOK, an Agile team distributes work in small, consumable increments rather than relying
entirely on a single significant launch.
The primary distinction between a startup and a well-established corporation is its "Structure."
Every component in a corporation is highly organized, and everyone understands their position.
However, a startup fails to maintain an effective working atmosphere, resulting in chaos. Many
startups have resorted to Agile Methodology due to the improved transparency among
stakeholders. When a startup develops a product and promotes it through startup PR, it can make
practical improvements based on user feedback. These modifications can be included in each
sprint, assisting in developing a product that outperforms the competition. Continuous client
feedback is critical in developing an efficient and high-quality product.
Companies do not always use complete Agile, and many of them usually have a mix of
traditional practices. At the same time, Agile has its drawbacks and is all about serving defined
components at various stages and capturing user feedback. An unstructured assessment channel
will prevent the team from reflecting, and the startup may fail. Therefore, organizations
sometimes resort to the traditional PMBOK and PRINCE2 due to their comprehensive
documentation and accountability.
Regardless of the scale of a given project, Prince2 considers project complexity, Geographical
location, availability, skills, and knowledge. It ensures that various project contributors have
clear roles and responsibilities and involves the senior managers instead of bombarding them
with information that deviates from the project's primary focus. It is widely used in most sectors,
such as the IT industry: IT companies use Prince2 because it properly appraises the financial
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viability to decide whether the project is pursuable or not or if there is scope to alter its objective.
It is also used in the marketing industry.
As related to Agile and Prince2, PMBOK is a standard framework that is quite complex for more
minor projects since it is meant to be used by more prominent and more technical projects as the
complexity decreases for them due to an increase in framework compatibility. (List of Project
Management Methodologies: Comparison & Examples – Financesonline.com, 2022)
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Project initiation techniques
Project Charter
Projects need approval before they can be executed. A project charter is a project planning
document that sells the project to stakeholders and sponsors (Ray, 2022). Applying it to our case,
the project manager presents this document to APEX stakeholders since they are the sponsors of
the project. The charter includes attributes such as the main objectives of the human capital
project, participant stakeholders such as the system development team and subject matter
experts, the benefits of a centralized system and other criteria. As apparent, the charter becomes
a critical tool for the approval of the human capital system. As GITS continues with project
execution, the project charter can always be referred to, to keep project activities in line with the
set scope. Taking the case of developing system functionalities as an example. One of the project
scopes is to develop a system which supports L1 and L2 technical support to users. This gives
system developers a clear picture of what functionalities the system should contain, which is
possible by referring to the project charter. On the other hand, a variety of stakeholders will be
involved in the process of developing and implementing the HCS. Realistically, a diversion of
tasks delegation may occur. In this case it is helpful to look back at the charter, as the roles and
responsibilities of stakeholders are mentioned clearly. Not only does that avoid confusion, but it
allows mid-way project personnel replacements.
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Objectives • To implement a system that helps in managing overseas APEX branches
• To reduce operational and capital costs of overseas IT support systems
• To provide business intelligence capabilities to enable users to make faster
decisions in inventory management and achieve a prominent level of control.
• To implement the management system within five months
• To implement a centralized warehouse system instead of other markets being
allowed to have individual frameworks
• Cost restraints are there since some time has already passed, and a portion of the
budget was consumed. As a result, the expense of the recovery attempt is restricted,
and any further wastage is avoided.
•
Employee employment experiences and skill limitations: Employees may require
network and security training to increase their technical skills due to a lack of
expertise.
Stakeholder Stakeholder Role
s Involved GITS-ITSEC • IT governance for application
Security Engineer (IT department) development, software, and hardware
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GITS- CEO • Lead the formulation and
implementation of the organization's
(Individuals) overarching strategy.
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Marketing Manager (Marketing • Monitor all marketing and sales data
Department) and generate reports for senior
management.
• Outline marketing objectives based on
previous performance.
• Plan and carry out a marketing plan.
Coordinator (Internal GITS-PMAC) Schedule meetings and keep track of
the status of change requests.
Assist in the collection of project
plans and the monitoring of work
activities.
Procurement Manager (Procurement • Find third-party providers.
Department) • Create ties with vendors in order to
get the best costs.
• Find possible new suppliers.
Communication Manager • Report on the project's progress and
(Communication Affairs) keeping stakeholders updated.
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Milestones
for 1. Finish a meeting, such as a project kickoff event.
important 2. Plan completion and approval
projects 3. Design completion and evaluation
4. Resource deployment, such as a development team.
5. Connecting and coordinating everything
We fully accept the changes as needed improvements and authorize initiation of work to
proceed. Based on our authority and judgment, the continued operation of this system is
authorized.
Project Manager
NAME Marsad Kibria
DATE: 4th January 2022
CEO
NAME: Jason Wong
DATE: 4th January 2022
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ISSUES LIST
ISSUES LIST
ISSUE ID ISSUE DESCRIPTION STATUS
Budget amount exceeded due to extra resources for
0001 ONGOING
framework implementation
0002 Security Vulnerabilities due to be patched ONGOING
NOT YET
0003 Server configurations mismatch
INVESTIGATED
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Feasibility Study
The word “Feasible” is a term that is used to measure the probability, or the hood of something.
A feasibility study of a project is the analysis of all factors related to the project such as
technical, financial, legal, to measure the probability of its succession (Team, 2022). Conducting
a feasibility study for the human capital system means that factors such as the technology that
should be used for website development, the project’s budget, the necessary workforce, as well
as other factors all must be considered and compared to the cost of a maintaining a decentralized
system. To make a logical “go” decision, the cost of implementing and maintaining the human
capital system must be less than what the current implemented system costs. Moreover,
conducting a feasibility study will help in Identifying all challenges that the project might face in
integrating the system. Moving on, the criteria of HCS feasibility will include the project success
criteria. This clarifies to project managers that a positive ROI is not the only indication of
feasibility, but other factors such as integrating the system parallelly and replacement in phases
can dictate the conclusion too
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Staffing 1. Project Manager roles:
a. To secure all the necessary technological staff and
resources
b. To implement the new system within 6 months of project
initiation
c. To manage the project finances
2. Programmer roles:
a. To code the application software
3. System developer roles:
a. Responsible for parallel integration of the new system
b. Responsible for
4. L1 and L2 technicians
a. Tasked with communicating with users
b. Tasked with responding to client queries
5. IT security professionals
a. To protect the system’s digital assets
b. To ensure the confidentiality of Human capital information
Financial - Estimated loss of 1M dollars per year with the use of the old
Projections system
- Estimated cost of 3M dollars for implementing the HCS system
- Estimated turnover of 2M dollars in the next 5 years
Findings According to the study. Taking into consideration a loss of 1M dollars per
year and the resources needed to complete the project successfully, a
positive return on investment can be achieved within 5 years of
implementing the project.
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References
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