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PRM3701 ASSIGNMENT 6 SEM 2 2024

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PRM3701 ASSIGNMENT 6 SEM 2 2024

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September 30, 2024
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2024/2025
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PRM3701 ASS 6 SEM 2
0612521185/0717513144/0680538213

DISCLAIMER: THIS IS NOT AN OFFICIAL GUIDE FROM UNISA. THE REPORT IS NOT
PREPARED NOR APPROVED BY UNISA, RATHER REPRESENTS A POSSIBLE SOLUTION TO
THE TASK CONSISTENT WITH THEORY OF PRM3701. THIS ASSIGNMENT IS INTENDED TO
ASSIST STUDENTS IN GETTING STARTED WITH THEIR ASSIGNMENT, AND IN NO CASE
THIS DOCUMENT SHOULD BE USED FOR CHEATING. WE BELIEVE THIS WILL BE A GOOD
STARTING POINT AS IT WAS PREPARED BY OUR TEAM OF PROFESSIONAL PRIVATE
TUTORS WHO ARE EXPERTS IN THE FIELD, AND IT WAS PREPARED USING VARIOUS
SOURCES. ANY SIMILARITY WITH ANY EXISTING THEORY OR DISCUSSION BY OTHER
AUTHORS IS EXCUSED. THE AUTHORS HOWEVER DO NOT CLAIM MONOPOLY TO
KNOWLEDGE HENCE MODIFICATION OF THE ANSWERS CONTAINED IN THIS
FRAMEWORK MAY NOT BE PROHIBITED AS IT CONTRIBUTES TO EXPANSION OF
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, PRM3701 ASS 6 SEM 2
0612521185/0717513144/0680538213
QUESTION 1

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)

In addition to managing the project budget, project managers must balance several
constraints to ensure successful project completion:

Scope

The scope delineates the elements that are part of the project as well as those that
are not included. The document delineates the aims and expected outcomes of the
project (Rowe, 2020). Effectively overseeing the scope is essential to avoid the
phenomenon of "scope creep," which occurs when extra tasks are introduced without
thorough assessment, risking disruption to the project schedule and financial plan.

Time

The concept of time encompasses the timeline for the project, detailing the initiation
and completion dates, along with the deadlines assigned to specific tasks (Nicholas &
Steyn, 2020). Effective management of time is essential for the timely completion of
the project. Postponements may result in heightened expenses and complications in
resource distribution.

Quality

Quality encompasses the benchmarks and expectations that the project outcomes are
required to fulfil (Kerzner, 2022). Maintaining high standards is essential for meeting
the expectations of stakeholders and achieving the project's ultimate success.
Prioritising expediency or cost over quality can lead to detrimental consequences in
the long run.

Risk
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