PRM3701 Assignment 6 (COMPLETE ANSWERS) Semester 2 2024 (705306) - DUE 1 October 2024
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Course
Project Management
Institution
University Of South Africa
Book
Projectmanagement
PRM3701 Assignment 6 (COMPLETE ANSWERS) Semester 2 2024 (705306) - DUE 1 October 2024
QUESTION 1 [15 MARKS] You have been invited to deliver a speech to young graduates about important issues in project management. To educate them properly answer the questions that follow. • Please note you wil...
PRM3701 Assignment 6 Full Solutions Semester 2 2024 (705306) - DUE 1 October 2024
PRM3701 Assignment 6 (ANSWERS) Semester 2 2024 (705306) - DUE 1 October 2024
PRM3701 Assignment 6 (COMPLETE ANSWERS) Semester 2 2024 (705306) - DUE 1 October 2024 ; 100% TRUSTED Complete, trusted solutions and explanations.
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PRM3701
Assignment 6 (VERIFIED ANSWERS)
Semester 2 2024 (705306) - DUE 1 October
2024
, Course
Project Management (PRM3701)
Institution
University Of South Africa (Unisa)
Book
Project Management
QUESTION 1
1.1 Five Constraints in Project Management
To ensure that a project is completed successfully, it is necessary to carefully
balance several restrictions. Aside from money constraints, project managers
must deal with a number of other constraints that might have an impact on
project development and outcomes. Here are five essential restrictions that
project managers need to balance-
1. SCOPE
, A project's scope describes its particular objectives, outputs, and characteristics.
Scope creep, or the uncontrolled increase of a project's scope without
corresponding changes in time, budget, or resources, can have a negative impact
on project success. Clearly identifying project objectives, establishing
boundaries, and making sure that any changes are officially accepted through a
change management procedure are all part of managing scope. Project managers
must collaborate extensively with stakeholders to maintain an in-depth
understanding of the project's requirements and keep the team focused on the
established deliverables
.
2. TIME
In each activity, time is a vital limitation. A project's success is frequently judged
by its ability to meet deadlines and finish tasks on time. Delays in one aspect of
the project might cause a domino effect, affecting other dependent operations and
lengthening the overall project duration. To effectively manage time, project
managers must create precise timetables, routinely check progress, and alter
timelines as needed to accommodate for unexpected delays. Setting realistic
deadlines, employing tools like Gantt charts and the Critical Path Method of
Management (CPM), and prioritizing activities to keep the project on track are all
indications of effective time management.
3. Quality
Meeting the standards and requirements for the project deliverables is the main
emphasis of the quality constraint. High-quality results are vital for meeting
customer expectations and project objectives. However, achieving quality often
involves more time, resources, or money, which can interfere with other project
limitations. Establish quality control and assurance procedures throughout the
project's lifecycle. Regular testing, inspections, and reviews are essential for
making certain the project output satisfies the specified standards while
remaining within other limits.
4. Resources
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