PRM3701 Assignment 6
(COMPLETE ANSWERS)
Semester 2 2024
(705306) - DUE 1 October
2024 ; 100% TRUSTED
Complete, trusted
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explanations.
, 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 will be
required to do research on the questions below. • Also indicate your
references 1.1 Discuss five constraints, besides a project budget, that a
project manager must balance to successfully complete a project. (5 marks)
1.2 Describe each phase of the project life cycle, referring to two core
activities that usually occur in each phase. (10 marks)
Here’s a structured response to your questions, along with references you can explore further.
1.1 Five Constraints in Project Management
Aside from budget, project managers must balance the following five constraints:
1. Scope: This defines the boundaries of the project—what is included and what is not.
Project managers must manage scope creep (the uncontrolled expansion of project scope)
to ensure the project stays aligned with its objectives.
2. Time: Time constraints relate to the project schedule. A project manager must ensure that
tasks are completed on time and that deadlines are met. Delays can lead to increased costs
and affect the overall project success.
3. Quality: Quality constraints involve the standards and criteria that the project's
deliverables must meet. A project manager must ensure that the work meets the required
quality standards, balancing quality with scope and time.
4. Resources: This encompasses the physical and human resources needed to complete the
project. Project managers must allocate and manage these resources efficiently to avoid
shortages or over-allocation.
5. Risk: Projects inherently involve risks that could affect their outcome. A project manager
must identify, assess, and mitigate risks throughout the project lifecycle to ensure
successful delivery.
1.2 Phases of the Project Life Cycle
The project life cycle typically consists of five phases: initiation, planning, execution, monitoring
and controlling, and closure. Here’s a brief overview of each phase with core activities:
1. Initiation:
o Defining the Project: Establishing the project’s objectives and scope.
o Feasibility Study: Analyzing whether the project is viable and justifiable based
on costs, time, and resources.
2. Planning:
o Developing a Project Plan: Creating a detailed plan outlining tasks, timelines,
resources, and budget.
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