Essay
PRM3701 ASSIGNMENT 6 SEM 2 2024
- Course
- Project Management (PRM3701)
- Institution
- University Of South Africa (Unisa)
PRM3701 ASSIGNMENT 6 SEM 2 2024
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passmatetutorials@gmail.com PRM3701 ASS 6 SEM 20612521185/0717513144/0680538213
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PREPARED NOR APPROVED BY UNISA, RATHER REPRESENTS A POSSIBLE SOLUTION TO
THE TASK CONSISTENT WITH THEORY OF PRM3701. THIS ASSIGNMENT IS INTENDED TO
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, passmatetutorials@gmail.com PRM3701 ASS 6 SEM 2
0612521185/0717513144/0680538213
QUESTION 1
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 addition to managing the project budget, project managers must balance several
constraints to ensure successful project completion:
Scope
The scope delineates the elements that are part of the project as well as those that
are not included. The document delineates the aims and expected outcomes of the
project (Rowe, 2020). Effectively overseeing the scope is essential to avoid the
phenomenon of "scope creep," which occurs when extra tasks are introduced without
thorough assessment, risking disruption to the project schedule and financial plan.
Time
The concept of time encompasses the timeline for the project, detailing the initiation
and completion dates, along with the deadlines assigned to specific tasks (Nicholas &
Steyn, 2020). Effective management of time is essential for the timely completion of
the project. Postponements may result in heightened expenses and complications in
resource distribution.
Quality
Quality encompasses the benchmarks and expectations that the project outcomes are
required to fulfil (Kerzner, 2022). Maintaining high standards is essential for meeting
the expectations of stakeholders and achieving the project's ultimate success.
Prioritising expediency or cost over quality can lead to detrimental consequences in
the long run.
Risk
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