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Project Governance
EPM5620 Lecture 3
PM FRAMEWORKS
¨ Dr Alex Manzoni
Learning outcomes
• To understand the various frameworks
available for project management
• To understand the components that comprise
the PMBOK Guide 6th Edn
• To compare PMBOK with PRINCE2
• To understand the relevance of ISO 21500:
2012
• Understand the PM alternative - Agile
Popular frameworks
• PM methodologies have evolved to meet the
increasing need to deliver projects
– Competitively and cost efficient (globally)
– To tight timelines and schedules
– Using the latest technologies
– That meet contractual and legal obligations
• Popular frameworks
1. PMBOK 6th
2. PRINCE2
3. ISO 21500:2012
4. AGILE
PROJECT LIFE CYCLES
PMBOK 6th Edn
• Ten Knowledge Areas:
1. Project INTEGRATION Management 2. Project SCOPE Management
https://www.prince2.com/aus/prince2-processes
ISO 21500: 2012
• ISO (International Organization for
Standardization) developed a standard for an
international approach to the management of
projects
• ISO 21500: 2012 Guidance on project management
• Considers Project Governance by high level
interactions between PM processes and the
organisational environment
ISO 21500
• “ provides generic guidance on the concepts
and processes of project management.”
because:
“research has confirmed that when managing
projects, the structured application of this
fundamental knowledge and good practices
clearly enhances successful delivery.”
(p13)
ISO 21500 2012
Better project performance
• delivered as promised by realistic expectations
through up-front definition, planning and
estimation
• Faster delivery reusing common known
processes
• Fewer ‘surprises’
• Improved customer satisfaction
ISO 21500 2012
How?
• Sponsor ensures project objective is on track
• Project manager is responsible for delivery of
defined project objective
• Project team delivers the expertise and the
work
ISO 21500 2012
AGILE
• A new millennium approach that recognizes
that traditional approaches do not meet the
need for projects to be managed ‘flexibly’
• Agile does not plan the whole project up-front
but incrementally and in interative
development cycles
• Not one fixed method but a family of methods
– Scrum, Rational Unified Process, Extreme
Programming (XP), Crystal Clear, etc
Common Agile characteristics
• Focus is on giving the CUSTOMER value
• Iterative and incremental in delivery
– Deliver projects in small parts
• Organic - experimental and adaptive
– Test assumptions and involve stakeholders
• Team directed (self managed teams)
• Continuous improvement (kaizen)
Agile methodology
• Rolling wave planning…
”.. an iterative planning technique in which
the work to be accomplished in the near term is
planned in detail while the work in the future is
planned at a higher level”
(Pearson, Larson & Gray 2013, p 26.)