Provide a 7 pages analysis while answering the following question: Project Management of PRINCE2 and Agile. Prepare this assignment according to the guidelines found in the APA Style Guide. An abstract is required. The major challenge in project management is to meet all the set goals and objectives for the project while dealing with the preconceived barriers. Key project obstacles include scope, quality, budget, and time. Other secondary obstacles would include more ambitious challenges like fairly allocating the necessary inputs and integrating them in order to achieve the set objectives and goals.

There are various ways of approaching project management activities. Regardless of the methodology employed. project managers should put a lot of considerations on the overall project objective, time, cost, and also the responsibilities and duties to be played by members and stakeholders in the project. PRINCE2 and Agile project management methodology are examples of the methodologies available for project managers (Keith 2010).

PRINCE2 is a well-structured approach used in project management. It combines the original PROMPT methodology with IMB’s MITP methodology. The PROMPT methodology had earlier evolved into the present-day PRINCE2 methodology. PRINCE2 offers a platform for project management with a clearly spelled out structure. It was developed by the United Kingdom government Office of Government Commerce (OGC). The United Kingdom expensively uses this methodology in its management duties of public projects in the country. PRINCE2 encompasses the control, organization, and management of a given project. It puts a lot of focus on the not only the definition of products but also their delivery, especially the quality requirements (Gerard 2008).

Because of this, it defines a successful project as being output-oriented but not an activity or action-oriented. This is through creating products agreed upon as well as defining the intended scope of the project. It also helps provide a platform for control and planning. Project chiefs would be able to coordinate the project participants. Additionally, they will be able to know how to supervise and design product delivery and what to do if the project fails to meet the originally set goals.

In the PRINCE2 methodology, all the different processes involved are clearly specified with&nbsp.their important inputs and outputs.

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