Project Management Custom Memory Management

Question: Describe about the Project Management for Custom Memory Management . Answer: Definition of Project Methodology Project Methodology defined for the first time in the 1960s while business institutions started to identify ways to shorten business process without compromising the operational effectiveness. Over the period, several definitions have been provided. Based on this criteria it can be said that a Project methodology is a practice bind with a list of process, which guides a project manager how to plan, develop, integrate, control, implement and evaluate a project from the diverse point of view (Catthoor, et al., 2013). In a different word, it can also be stated that it is a systematic process through which the project manager can take an effective decision, which results in successful completion of any project. A project methodology is also considered as a sum of processes including documentation, technique, sequence and overview. While discussing the role of project methodology, it can be seen that a proper method helps the project manager to make an effective decision that would be realistic, all-inclusive, flexible, and reachable (Kerzner, 2013). Again, the role of project methodology ensures that content will administer discipline but not forbid the application of a project managers acute judgment and comprehension. In short, it can be said that the role of project methodology will help to create a proper project management framework, which in turn heads lifecycle stages of the project. Figure 1: Role of Project Methodology (Source: created by author) PMBOK vs. PRINCE2 There is a list of project methodology available from which Project Management Body of Knowledge or the PMBOK and PRINCE2 have been chosen for this work. In this section, similarities and differences between both PMBOK and PRINCE2 have been analyzed. The detailed analysis has shown in the below-mentioned table: PMBOK PRINCE2 Similarities Approach to project management While talking about the approach to project management, it can be said that both are complementary (Terlizzi, de Souza Meirelles, de Moraes, 2016). It has seen that the PMBOK has provided a descriptive approach to managing a project. On the other hand, the PRINCE2 framework is a little bit prescriptive. Adaptation/ Tailoring to specific Projects The adaptation of both methodological frameworks is quite similar (Kononenko, Aghaee, 2016). Though, it has seen that in the case of PMBOK, some of the processes can be left out if at all not necessary, but in the case of PRINC2 Framework, all the process needs to be taken care off. However, in the case of a PRINCE2 framework, the project manager can scale any project process if required. Empowerment for the Project Manager (PM) It can be said that in both cases, the project needs to take into account the key stakeholders like sponsors, project board and executives. However, the fundamental approach is to ensure that the project is executing in a good manner. Differences Level of certification In the case of PMBOK, there are two levels of certifications, such as CAPM and PMP. In the case of PRINCE2 framework, there are three levels of certifications, such as foundation, practitioner and professional. Project Initiation In the case of PMBOK, it has seen that the project can be initiated by customer requirement (Spundak, 2014). A project charter has been prepared following the customer's needs. In a case of PRINCE2 framework, the initiation of any project principally depends on the business case provided. Controls and checkpoints Here, the checkpoint primarily dealt with the project manager. In the case of PRINCE2 framework, the control of any project depends on project milestone, and deliverables. In another word, it can be said that multi-level controls are clearly defined in the PRINCE2 framework. Relation of project life cycle (PLC) and chosen methodologies While taking about the project lifecycle in PRINCE2 framework, it can be seen that from planning to direct a project, there are six steps through which a project is executed (Schwalbe, 2015). The detailed approach of project life cycle following PRINCE2 framework is shown in the below-mentioned flow chart: Figure 2: Project Lifecycle using PRINCE2 framework (Source: created by author) On the other hand, if the PMBOK framework is taken into consideration, then it can be seen that the project life cycle there are five steps through which a project is executed. The below-mentioned figure explains the process of project life cycle followed in PMBOK framework: Figure 3: Project Life cycle using PMBOK framework Source: From the above two project life cycle, it has become apparent that whatever framework in implemented, the project manager needs to consider the detailed approach as well as auditing the progress to attain success at the completion of the project. References Catthoor, F., Wuytack, S., de Greef, G. E., Banica, F., Nachtergaele, L., Vandecappelle, A. (2013).Custom memory management methodology: Exploration of memory organization for embedded multimedia system design. Springer Science Business Media. Kerzner, H. R. (2013).Project management: a systems approach to planning, scheduling, and controlling. John Wiley Sons. Kononenko, I. V., Aghaee, A. (2016). Model and method for synthesis of project management methodology with fuzzy input data. Schwalbe, K. (2015).Information technology project management. Cengage Learning. Spundak, M. (2014). Mixed agile/traditional project management methodologyreality or illusion.Procedia-Social and Behavioral Sciences,119, 939-948. Terlizzi, M. A., de Souza Meirelles, F., de Moraes, H. R. O. C. (2016). Barriers to the use of an IT Project Management Methodology in a large financial institution.International Journal of Project Management,34(3), 467-479.