[Company name]
PRM3701
Assignment 6
Semester 2 2024
(705306) - DUE 1
October 2024
QUESTIONS WITH DETAILED ANSWERS
,PRM3701 Assignment 6 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)
1.2 Describe each phase of the project life cycle, referring to two core activities that
usually occur in each phase. (10 marks)
1.1 Five Constraints (Besides Budget) That a Project Manager Must Balance
1. Scope
The project scope defines the specific goals, deliverables, and tasks required to
complete a project. If the scope is not well-managed, the project may face scope
creep, which could derail timelines and quality.
2. Time
Time constraints are critical for completing a project within its deadline. Delays
can cause budget overruns and impact stakeholder satisfaction.
3. Quality
Ensuring that the project meets the required quality standards is essential.
Compromising on quality might lead to rework and additional costs.
, 4. Resources
Resources include both human and physical resources (e.g., materials,
equipment). Proper allocation and availability of resources are necessary to
avoid project delays and inefficiencies.
5. Risk
Every project involves potential risks. A project manager must assess, mitigate,
and manage risks throughout the project lifecycle to avoid disruptions.
1.2 Phases of the Project Life Cycle and Core Activities
1. Initiation Phase
o Core Activities:
▪ Defining the project goals and objectives.
▪ Conducting a feasibility study to assess if the project is viable and
aligned with strategic goals.
2. Planning Phase
o Core Activities:
▪ Developing the project plan, which includes the scope, timelines,
and resource allocation.
▪ Conducting risk assessments and creating risk mitigation
strategies.
3. Execution Phase
o Core Activities:
PRM3701
Assignment 6
Semester 2 2024
(705306) - DUE 1
October 2024
QUESTIONS WITH DETAILED ANSWERS
,PRM3701 Assignment 6 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)
1.2 Describe each phase of the project life cycle, referring to two core activities that
usually occur in each phase. (10 marks)
1.1 Five Constraints (Besides Budget) That a Project Manager Must Balance
1. Scope
The project scope defines the specific goals, deliverables, and tasks required to
complete a project. If the scope is not well-managed, the project may face scope
creep, which could derail timelines and quality.
2. Time
Time constraints are critical for completing a project within its deadline. Delays
can cause budget overruns and impact stakeholder satisfaction.
3. Quality
Ensuring that the project meets the required quality standards is essential.
Compromising on quality might lead to rework and additional costs.
, 4. Resources
Resources include both human and physical resources (e.g., materials,
equipment). Proper allocation and availability of resources are necessary to
avoid project delays and inefficiencies.
5. Risk
Every project involves potential risks. A project manager must assess, mitigate,
and manage risks throughout the project lifecycle to avoid disruptions.
1.2 Phases of the Project Life Cycle and Core Activities
1. Initiation Phase
o Core Activities:
▪ Defining the project goals and objectives.
▪ Conducting a feasibility study to assess if the project is viable and
aligned with strategic goals.
2. Planning Phase
o Core Activities:
▪ Developing the project plan, which includes the scope, timelines,
and resource allocation.
▪ Conducting risk assessments and creating risk mitigation
strategies.
3. Execution Phase
o Core Activities:
