PRM3701 Assignment 6
Semester 2 2024 (705306)
- DUE 1 October 2024
QUESTIONS WITH COMPLETE ANSWERS
[School]
[Course title]
,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 a Project Manager Must Balance (5 Marks)
Besides the project budget, a project manager must balance the following constraints to
successfully complete a project:
1. Scope: Refers to the specific goals, deliverables, tasks, and deadlines of the project. Any
changes to the scope (scope creep) can impact time, cost, and quality. Managing the
scope ensures that the project fulfills its objectives without over-expanding.
2. Time: Managing the project schedule is crucial. Delays can lead to budget overruns and
affect the delivery of the project. A project manager must ensure that tasks are completed
on time to avoid pushing back deadlines.
, 3. Quality: The project must meet certain standards and specifications. If quality is
compromised to save time or money, the project's overall success and satisfaction among
stakeholders can be impacted. Quality assurance processes ensure that the final
deliverables align with the project’s objectives.
4. Resources: This includes human resources, equipment, and materials. A project manager
must allocate and manage resources efficiently to ensure they are available when needed,
avoiding shortages or underutilization.
5. Risk: Every project faces uncertainties and potential risks. Managing risks involves
identifying, analyzing, and mitigating them before they become issues that can derail the
project. The project manager must continuously assess risks and adapt strategies to
minimize their impact.
1.2 Phases of the Project Life Cycle and Core Activities (10 Marks)
The project life cycle is typically divided into four phases: initiation, planning, execution, and
closure.
1. Initiation Phase
• Core Activity 1: Feasibility Study: The project manager evaluates the project's
feasibility, which includes assessing whether the project is achievable and aligns with the
organization’s goals.
Semester 2 2024 (705306)
- DUE 1 October 2024
QUESTIONS WITH COMPLETE ANSWERS
[School]
[Course title]
,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 a Project Manager Must Balance (5 Marks)
Besides the project budget, a project manager must balance the following constraints to
successfully complete a project:
1. Scope: Refers to the specific goals, deliverables, tasks, and deadlines of the project. Any
changes to the scope (scope creep) can impact time, cost, and quality. Managing the
scope ensures that the project fulfills its objectives without over-expanding.
2. Time: Managing the project schedule is crucial. Delays can lead to budget overruns and
affect the delivery of the project. A project manager must ensure that tasks are completed
on time to avoid pushing back deadlines.
, 3. Quality: The project must meet certain standards and specifications. If quality is
compromised to save time or money, the project's overall success and satisfaction among
stakeholders can be impacted. Quality assurance processes ensure that the final
deliverables align with the project’s objectives.
4. Resources: This includes human resources, equipment, and materials. A project manager
must allocate and manage resources efficiently to ensure they are available when needed,
avoiding shortages or underutilization.
5. Risk: Every project faces uncertainties and potential risks. Managing risks involves
identifying, analyzing, and mitigating them before they become issues that can derail the
project. The project manager must continuously assess risks and adapt strategies to
minimize their impact.
1.2 Phases of the Project Life Cycle and Core Activities (10 Marks)
The project life cycle is typically divided into four phases: initiation, planning, execution, and
closure.
1. Initiation Phase
• Core Activity 1: Feasibility Study: The project manager evaluates the project's
feasibility, which includes assessing whether the project is achievable and aligns with the
organization’s goals.
