PRM3701 Assignment 6 (DETAILED ANSWERS) Semester 2 2024 - DISTINCTION GUARANTEED

PRM3701 Assignment 6 (DETAILED ANSWERS) Semester 2 2024 - DISTINCTION GUARANTEED - DISTINCTION GUARANTEED - DISTINCTION GUARANTEED Answers, guidelines, workings and references .. 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. PRM3701_ASSIGNMENT 6_SEMESTER 2_2024 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 PRM3701_ASSIGNMENT 6_SEMESTER 2_2024 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: PRM3701_ASSIGNMENT 6_SEMESTER 2_2024 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?