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PRM3701 Assignment 6 Full Solutions Semester 2 2024 (705306) - DUE 1 October 2024

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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 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) 1.2 Describe each phase of the project life cycle, referring to two core activities that usually occur in each phase. (10 marks) QUESTION 2 [20 MARKS] The Department of Business Management has developed a plan for a business clinic project in the conference rooms of four selected hotels in Mamelodi Township. The workshops aim to benefit 400 small business owners, facilitated by lecturers and postgraduate students, running 8 hours a day (except weekends) during September 2017. Business skills will be developed, marketing support will be provided, and business manuals and starter packs will be distributed to attendees. The objective is to improve business management skills in a turbulent environment. Develop a project charter by explaining the elements that form part of a project charter. Thereafter, provide specific practical examples for each of these elements based on the business clinic project. QUESTION 3 [20 MARKS] As a project manager for Nando’s you must manage a project with activities and their respective durations as listed in the table below: Activity Immediate Predecessor Duration (months) A None 2 B A 4 C A 2 D B 2 E B, C 4 F A, E 6 G D 4 H D, E, F 2 I G, H 6 J H, F 6 K H, I, J 4 3.1 Construct a network diagram to analyses your project. NB: The network diagram needs to have all the values otherwise zero marks will be awarded Answer: 3.2 What is the total project duration time? (1) Answer: 3.3 Identify the critical path on your network diagram. (1) Answer: 3.4 When is the latest time that activity G must be completed in order not to experience any delays in the project? (1) Answer: 3.5 What is the earliest time that activity D can possibly be completed? (1) Answer: 3.6 What is the free float for activity E with respect to activity H? Show your calculations. (4) Answer: 3.7 What would the implication to the project duration time be if there was a delay of 2 months in completing activity F?

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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.

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