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The analysis of an integrative analytical method used for the initiation of an investment construction project

Journal: Вестник МГСУ / Vestnik MGSU (Vol.15, No. 09)

Publication Date:

Authors : ; ; ; ;

Page : 1297-1307

Keywords : investment construction project; project management methodology; PMI PMBoK standard; Prince 2 standard; Agile Manifesto standard;

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Abstract

Introduction. The mission of the research is to analyze the main principles and values of investment construction project management subject to each methodology. In the late 20th century it became clear that the majority of products, manufactured back in the days of the USSR, had counterparts, made in the Western countries, and the characteristics of the Western counterparts were a lot better. This trend favours the consumer society; however, producers must set new objectives aimed at optimization, quality improvement, and effective management to stay in the market. This is how the need for alternative sources of optimization emerged. The practical implementation of theoretical project management provisions was among the tools. It tightens control and improves the efficiency of all resources of an enterprise. The application of an advanced approach to projects, implemented by public and private partnerships, will boost interaction between the state and the business community as well as project implementation control. Project management has become an integral project development instrument, applied to software projects and many other types of business activities. The main goal is to decide upon the project methodology. Materials and methods. The project is based on the analysis of earlier research undertakings performed using methods of theoretical research, based on the study and generalization of performance charts published by domestic and foreign authors in the past. Conclusions. The co-authors have analyzed project management methodologies, including best practices and templates. A brief analysis of the methodology application track record is performed. The research digest encompasses three principal methodologies; their principles and values are analyzed in the work. Project deliverables include a comparative analysis of principles underlying PMI, Prince 2, and Agile Manifesto standards. Each principle underlying most widely used international standards of project management is described.

Last modified: 2021-03-18 23:04:26