Hai khan,Ultimate design method means we have to take failure load for design.so that structure will be used as optimum.but some disadvantages are there.In allowable stress method we have to use the allowable load for design that means we will take the yield strength of materials for design.so it will be more safer than that method...now a days we are not using that two methods.Limit State Design method is now adays wr are doing in India.