There are five PMLC model. They are: LINEAR PMLC MODEL (Flynn‚ 2007‚ p.5) The Linear PMLC model allows projects to be completed in a relatively short period of time with relatively inexperienced team member. (University of Liverpool/Laureate Online Education‚ 2011). The linear project life cycle model is employed to a project when goals and solutions are clearly defined (Wysocki‚ 2010). According to Wysocki (2009)‚ the risks and mitigating strategies associated with the linear PMLC are as follows:
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Project Management Life Cycle (PMLC) Models 1-Introduction (Wysocki‚ 2012‚ p321) stated ‘the project management/projects landscape is based on two characteristics‚ goal and solution’ in complexity and uncertainly classification on the project. There are five (5) (MPLC) models to classify and mange of the projects. Linear and incremental in Traditional Project Management (TPM) approach. Iterative and Adaptive in Agile project management (APM) approach. Extreme in Extreme Project Management
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management most suitable approach‚ a PM must investigate the clarity of the two major variables‚ goal and solution (Wysocki‚ 2009: 299). Based on the criteria of clarity‚ Wysocki (2009: 327) defined 4 management “quadrants” adopting 5 PMLC models: § TPM: Linear and Incremental § APM: Iterative and Adoptive § xPM and MPx: Extreme Each type of the 5 PMLC models is expected to encounter various risks and failure factors. The PM should asses the risks associated with each model‚ to decide
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cycle (PMLC) model is a sequence that is made up by the five process groups - Scoping‚ Planning‚ Launching‚ Monitoring & Control and Closing‚ and it’s used for achieving the goal of a project. In handling a project using a PMLC model‚ the entire process group must be present at least once in a sequence‚ and any or all of the process groups‚ may be repeated as required (Wysocki‚ 2009:299). To be analysed comparatively here are two different type of PMLC model- Adaptive PMLC model and Extreme PMLC model
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The five PMLC models according to Wysocki are as follows: 1. Linear PMLC model 2. Incremental PMLC model 3. Iterative PMLC model 4. Adaptive PMLC model 5. Extreme PMLC model Linear PMLC Model: This is one of the Traditional Project Management (TPM) method‚ it consist of the five process group‚ each performed once in the sequence: Scoping> Planning > Launching > Monitoring and Controlling> Closing. The final deliverable is not released until the closing process group is executed. (Wysocki‚ 2009:345)
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VULNERABILTY OF 5 PMLC MODELS AND MITIGATION STRATEGY There are five Project Management Life Cycle (PMLC) models for managing different types of Projects but all of them follows the five process groups namely – scoping‚ planning‚ launching‚ monitoring and control and close out phases for sequencing the tasks. The difference lies only in the looping of these process groups depending on the complexity of the Project. The weakness of these models and mitigating strategies are discussed as follows
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The Five Factor Model was developed by Raymond Cattell as way to describe human personality‚ and disorders. The intention was for it to help personality disorders and to help us improve the general understanding of personality. There have been many models that have risen‚ and some are more accepted than others‚ but the most prominent one would be the five-factor model of personality. The Five-Factor theory is one of the newest models developed for the description of personality‚ and the model shows
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an industry (refer to the diagram). The most important determinants of buyer power are the size and the concentration of customers. Other factors are the extent to which the buyers are informed and the concentration or differentiation of the competitors. Kippenberger (1998) states that it is often useful to distinguish potential buyer power from the buyer’s willingness or incentive to use that power‚ willingness that derives mainly from the “risk of failure” associated with a product’s use. •
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THE FIVE –FACTOR MODEL James Baron and David Kreps had given the Five-Factor model‚ which is based on Michael Porter’s Five Forces model of business analysis (Porter‚ 1980). These factors will influence the Competitive Intelligence system in any organization. These factors are External Environment‚ Workforce‚ Organizational Culture and Structure‚ Organizational Strategy‚ and Technology of Production and Organization of Work (Baron & Kreps‚ 1999). Lack of correspondence between any one of these factors
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The Five Forces Model (developed by Dr. Michael Porter of Harvard University) serves as a framework for examining competition that transcends industries‚ particular technologies‚ or management approaches. The underlying fundamentals of competition go beyond the specific ways individual companies go about competing (i.e. StrengthsWeaknesses-Opportunities-Threats (SWOT) analysis; the 4P’s of marketing: product‚ price‚ place‚ promotion). The underpinning of this framework is the
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