The paper “ Engineering Management Project - Successes and Failures of the Project” is an actual example of the assignment on management. The Prince 2 project management methodology structure turns to be primarily dividends in various steps like initiation, project directing, and planning among others. On the other hand, Prince 2 requires being tailored to the project environment. In this case, tailoring turns to be the suitable use of Prince 2 on whichever offered project making sure that the precise amount of themes, governance, processes, control, and planning are in place. On the other hand, project management methodology requires the execution of different knowledge areas of project management to ensure the project’ s success.
The knowledge area includes communication management, project time management, risk management, and quality management among others. Part 1Overview of Prince 2 Project Management MethodologyFirst and foremost, project methodology thought in similar terms as a cooking recipe, recognizes what would be demanded and the manner those ingredients would be blended to finally come up with the best meal (Prince2 2009). In a word, methodology contains the elements namely: overview, technique, documentation, and sequence.
As a matter of fact, Prince 2 turns to be a project management methodology standard within Europe and the UK and turns to be the essential method for the entire UK government custom-made projects. The Prince 2 project management methodology structure turns to be primarily dividend in the following described steps. The first step is launching the project which takes place merely once and evaluates and creates the business case (Prince2 2009). The second step involves project directing. In this scenario, formal structures of an organization are required all through the project’ s life counting the Project manager and Board, stages within communication that ensure continuity of the organization. The other step is project initiation.
This stage involves identification of the way the project would be administered, the Project Initiation Document (PID), forms the pact and whole project’ s reference terms (Marchewka 2015).
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