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PRM3701 Assignment 6 Full Solutions Semester 2 2024 (705306) - DUE 1 October 2024
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PRM3701 Assignment 6 (COMPLETE QUESTIONS & ANSWERS) Semester 2 2024 (705306) - DUE 1 October 2024 ;100 % TRUSTED workings, Expert Solved, Explanations and Solutions. For assistance call or W.h.a.t.s.a.p.p us on ...(.+.2.5.4.7.7.9.5.4.0.1.3.2)........... QUESTION 1 [15 MARKS] You have been invited ...

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  • September 23, 2024
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PRM3701
ASSIGNMENT 6 SEMESTER 2 2024
UNIQUE NO.705306
DUE DATE: 1 OCTOBER 2024

, PRM3701

Assignment 6 Semester 2 2024

Unique Number: 705306

Due Date: 1 October 2024

Project Management

QUESTION 1

1.1 Five Constraints a Project Manager Must Balance Besides Budget

1. Time: Projects are often time-sensitive. Every project has deadlines and
milestones that need to be met. Delays can affect the entire schedule, leading to
potential cost increases or missed opportunities.
2. Scope: The scope defines the project's boundaries and deliverables. A project
manager must ensure that the project stays within the agreed-upon scope.
"Scope creep" (adding more work without adjusting time or budget) can derail a
project.
3. Quality: The project manager must ensure the output meets the required
standards. Balancing quality with time and cost constraints is tricky because
rushing a project could lead to lower quality, while spending too much time
perfecting things could blow the budget.
4. Resources: This includes both human resources (like skilled staff) and physical
resources (like materials and equipment). A project manager needs to ensure
these resources are available when needed and used efficiently.
5. Risk: Every project carries some level of risk, whether it's external (like market
changes) or internal (like technical failures). A project manager must anticipate
and manage risks to prevent them from derailing the project.

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