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
100% GUARANTEEED
, 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, a successful project outcome requires the careful balancing of multiple
constraints beyond the budget. These constraints, often referred to as the "Project Management
Triangle," are essential for managing the expectations of stakeholders and ensuring project
delivery on time, within scope, and with high quality. Here are five key constraints a project
manager must balance:
1. Scope
Definition: Scope refers to the boundaries of the project, including its objectives,
deliverables, and the tasks required to achieve them.
Challenge: Managing scope is critical to avoid scope creep, which occurs when
additional tasks or objectives are introduced without appropriate adjustments to other
constraints, such as time or resources.
Balance: Project managers need to define clear project requirements and ensure that any
changes in scope are documented and controlled through a formal change management
process.
2. Time
Definition: Time refers to the project schedule, including deadlines and the overall
project timeline.
Challenge: Project managers must ensure that tasks are completed within the established
timeframes while balancing other constraints, such as resources or quality.
Balance: Effective time management techniques, such as the use of Gantt charts, critical
path methods, and milestone tracking, help keep the project on schedule.
3. Quality
Definition: Quality is the degree to which the project outputs meet the specified
requirements and standards.
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