About this Video

• Video Title: More on Methodologies | Episode 013
• Channel: CorneliusFichtner
• Speakers: Cornelius Fichtner
• Duration: 01:00:12

Introduction

This podcast episode provides a high-level overview of several popular project management methodologies, including PMBOK, PRINCE2, 10STEP, APM BoK, Six Sigma, the Waterfall model, and Agile. The episode also includes announcements, listener feedback, and news items related to project management.

Key Takeaways

• PMBOK (Project Management Body of Knowledge): A widely accepted standard focusing on five process groups (initiation, planning, execution, monitoring and controlling, and project closing) and nine knowledge areas. While presented as separate, these are interrelated. PMBOK emphasizes project execution from scope definition to result delivery.
• PRINCE2 (Projects IN Controlled Environments): A structured method, a de facto standard in the UK, focusing on implementation rather than the entire project lifecycle. It heavily emphasizes the business case, reviewing and updating it throughout the project.
• 10STEP Methodology: Developed by Tom Mall, it offers a complete implementation methodology with ready-to-use templates. It differs from PMBOK in its emphasis on document management, assumption of an existing procurement department, and less focus on soft skills.
• APM BoK (Association for Project Management Body of Knowledge): Similar to PMBOK but smaller, with additional chapters on technology, marketing, finance, and health & safety, providing a broader approach. It’s a framework, not a detailed methodology.
• Six Sigma: A quality management program aiming for near-perfect products/services through defect reduction. Uses DMAIC (Define, Measure, Analyze, Improve, Control) for existing processes and DMADV (Define, Measure, Analyze, Design, Verify) for new ones; highly customer-focused.
• Waterfall Model: A software development model with sequential phases (requirements, design, construction, integration, testing, installation, maintenance). Good for cost estimation when requirements are clear upfront, but struggles with changing requirements.
• Agile Methodology: An adaptive approach emphasizing rapid response to change through short iterations. Focuses on face-to-face communication, working software, and is best suited for small, collocated teams.
• BS 6079 (British Standard): A standard guide to project management targeting various groups (general managers, project managers, support staff, educators). Offers various specific guides within the standard.