Sunday, 4 November 2012

Week 13, Chapter 11: PROJECT MANAGEMENT



Blog Questions

Explain the triple constraint and its importance in project management.
The triple constraint involves making tradeoffs between scope, time and cost for a project.  It is inevitable in a project life cycle that there will be changes to the scope, time or cost of the project.
The bigger the scope, the more time and more cost. These three variables are interdependent: You cannot change one without changing the others. Project management is the science of making intelligent trade-offs among time, cost, and scope. Tight for budget = increase time, reduce the scope.

Describe the two primary diagrams most frequently used in project planning.
Two primary diagrams used in project planning include PERT and Gantt charts.

A PERT chart stands for a Program Evaluation and Review Technique which is a graphical network model that depicts a project’s tasks and the relationships between Dependency
And Critical path

A Gantt chart is a simple bar chart that depicts project tasks against a calendar.

Identify the three primary areas a project manager must focus on managing to ensure success.
These three areas of management include managing people, managing communications and managing change. 


Outline 2 reasons why projects fail and two reasons why projects succeed.  

Reasons why Projects Fail
  •        Failure to align project with organizational objectives
  •         Poor scope
  •         Unrealistic expectations
  •         Lack of executive sponsorship
  •         Lack of project management
  •         Inability to move beyond individual and personality conflicts
  •         Politics


Reasons why projects succeed
  •        Project Sponsorship at executive level
  •         Good project charter
  •         Strong project management
  •         The right mix of team players
  •         Good decision making structure
  •         Good communication
  •         Team members are working toward common goals

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