Global Project Management Now

Question: Discuss about the Global Project Management Now. Answer: Introduction There are several different standards in global project management such as PMBOK, Prince2, and ISO. PMBOK stands Project Management Body of Knowledge while Prince2 stands for Projects IN a Controlled Environment. Similarities of the different standards in an organization involve that if an organization does not contain a recognized project management model, the acceptance and completion of a synchronized model allows them to very quick put together a stage of equipped top performance. This is because of the information and joint knowledge within PMBOK and PRINCE2 (CIO Staff, 2011). Both standards facilitate the understanding in an organization of the aspects that are not predictable for a project group. They give an organization a spirited benefit through improved clients experience and satisfaction. When these standards are used in the organization, they give workers chance to express their best performance. There are differences between the uses of these standards in an organization. Prince2 offers three guides in which include running successful projects with prince2 in an organization. Secondly, directing successful projects and managerial lead to directing projects in a prince2 (ILX Group, 2014). One the other hand PMBOK provides a complete variety of essential gear and techniques. Again, a PMBOK is a list of information on every possession in a project management while prince2 is a process-based scheme organization method supported by seven values, seven topics, and seven procedures. If the project is global, involving cross-cultural and international teams, it could interfere with the successful completion of projects. References ILX Group. (2014, February 12). PRINCE2 Methodology. Retrieved April 8, 2017, from Prince2.com: https://www.prince2.com/zar/prince2-methodology CIO Staff. (2011, September 29). PMBOK vs. PRINCE2 vs. Agile project management. Retrieved April 8, 2017, from CIO: https://www.cio.com.au/article/402347/pmbok_vs_prince2_vs_agile_project_management