Pmbok and Prince2

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PMBOK AND PRINCE2
Over the past decades, Project management became a significant essential process to achieve objectives of the project. According to PMI Guide to the PMBOK (2008), Project Management is the application of knowledge, skills, tools and techniques to project activities to meet project requirements. In the process of project management, project management methodologies are using for starting clear and achievable objectives and examination the demands of scope, time and cost for quality. According to different project, different project management methodologies can be used. This report focuses on PMBOK and PRINCE 2, giving detail about the two valuable tools and comparing them.

Using the model-based project management methodologies has many advantages. These models offering an understanding and framework of project management. They give specification for each stage and different function. Also, in the process of use these approaches remove real world complexity by focusing on what is specific to project goal achievement. According to the steps of the methods, it is simpler expression of the rules and relationships between the parts of the system.

PMBOK is a standard process for project management. PMBOK has 9 elements and 5 processes group. It covers the entire subject of project management, and bases on the sum of knowledge within the profession of PM. PMBOK can be applied across different units and platform. The document at each step of the way help out the company receives better results in the PM process. However, PMBOK is not suit for every project, it leads to complex job for small projects. In addition, it more focus on the project managers` roles on the project, lack of defines of everyone else involved in the project. PMBOK is strongest as a repository of knowledge, particularly of techniques, but is does not make a strong attempt to dictate the flow of process, nor does it spell out detailed roles and responsibilities for many of the...
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