2-1 Copyright © 2013 McGraw-Hill Education (Australia) Pty Ltd Pearson, Larson, Gray, Project Management in Practice, 1e C HAPTER 2 Popular Frameworks and Methodologies

2-2 Copyright © 2013 McGraw-Hill Education (Australia) Pty Ltd Pearson, Larson, Gray, Project Management in Practice, 1e Learning Elements 2.1 Understand the various project management frameworks available and which suit what environments. 2.2 Achieve a high-level understanding of PRINCE2 ®. 2.3 Achieve a high-level understanding of ISO 21500: Understand Agile and where Agile may be applied to manage projects. 2.5Further develop your knowledge of PMBoK the PMBoK life cycle.

2-3 Copyright © 2013 McGraw-Hill Education (Australia) Pty Ltd Pearson, Larson, Gray, Project Management in Practice, 1e Frameworks and Methodologies Overview of: PRINCE2 ® ISO 21500:2012 Agile PMBoK (5 th edition).

2-4 Copyright © 2013 McGraw-Hill Education (Australia) Pty Ltd Pearson, Larson, Gray, Project Management in Practice, 1e PRINCE2 ® Initially developed by the UK Office of Government Commerce (now the Cabinet Office). The PRINCE2 ® methodology offers non-proprietary best practice guidance on project management.

2-5 Copyright © 2013 McGraw-Hill Education (Australia) Pty Ltd Pearson, Larson, Gray, Project Management in Practice, 1e PRINCE2 ® – Components Principles There are seven principles in PRINCE2 ®. All must be applied for the project to be PRINCE2 ®. They represent guiding obligations and good practice. Continued business justification Learn from experience Defined roles and responsibilities Manage by stages Manage by exception Focus on products Tailor accordingly

2-6 Copyright © 2013 McGraw-Hill Education (Australia) Pty Ltd Pearson, Larson, Gray, Project Management in Practice, 1e PRINCE2 ® – Components (cont.) Themes PRINCE2 ® encompasses seven themes. The themes describe aspects of project management that must continually be attended to throughout the life of the project. Business case Organisation Quality Plans Risk Change Progress

2-7 Copyright © 2013 McGraw-Hill Education (Australia) Pty Ltd Pearson, Larson, Gray, Project Management in Practice, 1e PRINCE2 ® – Components (cont.) Processes There are seven processes. They detail the steps to be taken throughout the life of a PRINCE2 ® project. Starting a project Initiating a project Directing a project Managing a stage boundary Controlling a stage Managing product delivery Closing a project

2-8 Copyright © 2013 McGraw-Hill Education (Australia) Pty Ltd Pearson, Larson, Gray, Project Management in Practice, 1e PRINCE2 ® – Components (cont.) Tailoring Tailoring the process to your company’s environment. Not omitting any steps or components.

2-9 Copyright © 2013 McGraw-Hill Education (Australia) Pty Ltd Pearson, Larson, Gray, Project Management in Practice, 1e PRINCE2 ® – Processes

2-10 Copyright © 2013 McGraw-Hill Education (Australia) Pty Ltd Pearson, Larson, Gray, Project Management in Practice, 1e ISO 21500:2012 Can be described as guidance for project management. Provides a high-level description of the concepts and processes considered to form‘good practice’in project management.

2-11 Copyright © 2013 McGraw-Hill Education (Australia) Pty Ltd Pearson, Larson, Gray, Project Management in Practice, 1e ISO 21500: 2012 Overview Insert Figure 2.3

2-12 Copyright © 2013 McGraw-Hill Education (Australia) Pty Ltd Pearson, Larson, Gray, Project Management in Practice, 1e ISO 21500: 2012 Life Cycle

2-13 Copyright © 2013 McGraw-Hill Education (Australia) Pty Ltd Pearson, Larson, Gray, Project Management in Practice, 1e Agile Is related to the rolling wave planning and scheduling project methodology. Uses iterations (time boxes) to develop a workable product that satisfies the customer and other key stakeholders.

2-14 Copyright © 2013 McGraw-Hill Education (Australia) Pty Ltd Pearson, Larson, Gray, Project Management in Practice, 1e Agile (cont.) Stakeholders and customers review progress and re-evaluate priorities to ensure alignment with customer needs and company goals. Adjustments are made and a different iterative cycle begins that subsumes the work of the previous iterations and adds new capabilities to the evolving product.

2-15 Copyright © 2013 McGraw-Hill Education (Australia) Pty Ltd Pearson, Larson, Gray, Project Management in Practice, 1e Agile – Principles Focus on customer value Iterative and incremental delivery Experimentation and adaptation Self-organisation Continuous improvement

2-16 Copyright © 2013 McGraw-Hill Education (Australia) Pty Ltd Pearson, Larson, Gray, Project Management in Practice, 1e Agile: Iterative, Incremental Product Development

2-17 Copyright © 2013 McGraw-Hill Education (Australia) Pty Ltd Pearson, Larson, Gray, Project Management in Practice, 1e Agile and Project Uncertainty

2-18 Copyright © 2013 McGraw-Hill Education (Australia) Pty Ltd Pearson, Larson, Gray, Project Management in Practice, 1e PMBoK (5 th edition) PMI’s Project Management Body of Knowledge (PMBoK) provides a generic life cycle approach. Can be applied to projects of all sizes and complexities, all industries and governments.

2-19 Copyright © 2013 McGraw-Hill Education (Australia) Pty Ltd Pearson, Larson, Gray, Project Management in Practice, 1e PMBoK (5 th edition) (cont.) Provides valuable body of knowledge around project management in general. Provides understanding of key tools and techniques applied in other methodologies and frameworks such as PRINCE2 ®, ISO21500:2012 and Agile.

2-20 Copyright © 2013 McGraw-Hill Education (Australia) Pty Ltd Pearson, Larson, Gray, Project Management in Practice, 1e PMBoK – Life Cycle

2-21 Copyright © 2013 McGraw-Hill Education (Australia) Pty Ltd Pearson, Larson, Gray, Project Management in Practice, 1e PMBoK – Sequential Approach

2-22 Copyright © 2013 McGraw-Hill Education (Australia) Pty Ltd Pearson, Larson, Gray, Project Management in Practice, 1e PMBoK – Overlapping Approach Insert Figure 2.15

2-23 Copyright © 2013 McGraw-Hill Education (Australia) Pty Ltd Pearson, Larson, Gray, Project Management in Practice, 1e PMBoK – Iterative Approach

2-24 Copyright © 2013 McGraw-Hill Education (Australia) Pty Ltd Pearson, Larson, Gray, Project Management in Practice, 1e PMBoK – Knowledge Areas Scope Time Cost Quality Human Resources Communications Risk Procurement Stakeholders Integration

2-25 Copyright © 2013 McGraw-Hill Education (Australia) Pty Ltd Pearson, Larson, Gray, Project Management in Practice, 1e PMBoK – Governance and Gates Insert Figure 2.18

2-26 Copyright © 2013 McGraw-Hill Education (Australia) Pty Ltd Pearson, Larson, Gray, Project Management in Practice, 1e PMBoK Process Interactions Insert Figure Figure 2.17 Interactions between the PMBoK process groups

2-27 Copyright © 2013 McGraw-Hill Education (Australia) Pty Ltd Pearson, Larson, Gray, Project Management in Practice, 1e Key Terms Australian Institute of Project Management (AIPM) Australian Skills Quality Authority (ASQA) change management portfolio program project project life cycle project manager Project Management Institute (PMI) Vocational Education and Training (VET)