Agile: focuses on the project life cycle by breaking down the project into smaller chunks which allows teams to produce work faster to optimie work flow and focus on continuous improvement to reduce errors, Has 12 principles , Has 4 values, Focus on quality and value for customers, Risks can be reduced as there is a constant review process, time consuming due to changes that can happen at any point, Difficult to measure in terms of progress when the process is constantly being revised, Popular with IT businesses, SCRUM: Continuously improving and adjusting to various factors, Roles include, owner, master and developer, Work is completed in short cycles known as sprint and has a daily meeting, Work is completed between 2-4 weeks, quick to complete and this also helps employee morale as results are seen quickly, High quality and productivity are achieved, Challenging for large teams, Can fail if team members are not committed, PRINCE 2: Focuses on the management of resources and risks within a business by dividing projects into different stages, cleary defined roles and responsibilities for individuals involed, 7 principles, 7 themes, 7 processes, Flexible methodology known worldwide, Can be applied to many different scenarios, Enables and encourgaes good communication and participation to those involved, Variety of documentation to be constantly updated, Management may not be as involved as they would like due to the time taking to updating,

Project management Methodologies

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