Exam (elaborations)
PRM3701 Assignment 6 (COMPLETE ANSWERS) Semester 2 2024 (705306) - DUE 1 October 2024
- Course
- Project Management
- Institution
- University Of South Africa
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PRM3701 Assignment 6(COMPLETE ANSWERS)
Semester 2 2024 (705306) - DUE
1 October 2024
CONTACT: biwottcornelius@gmail.com
, 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 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)
In project management, there are several constraints beyond the budget that a project manager
must balance to ensure successful project completion. These constraints are collectively known
as the Project Management Triangle or Iron Triangle, and managing them effectively is
crucial for achieving project goals. Below are five key constraints, along with brief discussions:
1. Scope
The project scope defines the specific goals, deliverables, tasks, and deadlines required to
complete the project. Managing scope involves avoiding scope creep, which refers to
uncontrolled changes or continuous growth in a project's scope. Ensuring that the project stays
within its original scope requires constant monitoring and control.
2. Time
The time constraint is concerned with the project's schedule and the deadlines for delivering the
final product or completing key milestones. Project managers must develop realistic timelines
and ensure that all tasks are completed on time. Delays in the project timeline can negatively
affect costs and resource allocation, so time management is crucial.
3. Quality
Maintaining the desired quality of deliverables is another key constraint. The project manager
must ensure that the project meets the required standards and that the final product is of high
quality. Balancing quality with other constraints (such as time and cost) is essential, as cutting
corners to save time or money can compromise the final result.
4. Resources
Resources include human, material, and equipment needed to complete the project. A project
manager must ensure that the team has access to the necessary resources and that they are used
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