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 ...
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.
The benefits of buying summaries with Stuvia:
Guaranteed quality through customer reviews
Stuvia customers have reviewed more than 700,000 summaries. This how you know that you are buying the best documents.
Quick and easy check-out
You can quickly pay through EFT, credit card or Stuvia-credit for the summaries. There is no membership needed.
Focus on what matters
Your fellow students write the study notes themselves, which is why the documents are always reliable and up-to-date. This ensures you quickly get to the core!
Frequently asked questions
What do I get when I buy this document?
You get a PDF, available immediately after your purchase. The purchased document is accessible anytime, anywhere and indefinitely through your profile.
Satisfaction guarantee: how does it work?
Our satisfaction guarantee ensures that you always find a study document that suits you well. You fill out a form, and our customer service team takes care of the rest.
Who am I buying this summary from?
Stuvia is a marketplace, so you are not buying this document from us, but from seller LIBRARYpro. Stuvia facilitates payment to the seller.
Will I be stuck with a subscription?
No, you only buy this summary for R52,13. You're not tied to anything after your purchase.