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PRM3701 ASSIGNMENT 2 SEMESTER 1 2025 Question 1 (15 Marks) 1.1 Identify the key factors for successful project management? (5 Marks) 1.2 Explain how the identified factors contribute to successful project management at

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PRM3701 ASSIGNMENT 2 SEMESTER 1 2025 Question 1 (15 Marks) 1.1 Identify the key factors for successful project management? (5 Marks) 1.2 Explain how the identified factors contribute to successful project management at Global Green Books Publishing? Provide recommendations. (10 Marks) Question 2 (15 Marks) Discuss risk management methodologies that could have been employed/implemented in the eBook project at Global Green Books Publishing? Provide recommendations/examples where applicable. (15 Marks) Question 3 (20 Marks) In the context of the cost estimation project at Global Green Books Publishing, analyse the suitability of traditional project management (Waterfall) versus Agile project management methodologies. You can do some research on this and ensure that you reference the sources that you have used. (20 Marks)

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Educating the world for a better change

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Question 1 (15 Marks)

1.1 Identify the key factors for successful project management? (5 Marks)
Clear Scope Definition Defining the project scope sets the stage for developing a
project plan. Research shows that a poorly defined scope or mission is the most
frequently mentioned barrier to project success (Buye, 2021). There is a strong
correlation between project success and clear scope definition. The scope describes
exactly what is expected to be delivered to the customer and serves as the basis for
project planning (Heagney, 2016). Key elements of a scope statement include the
project objective, deliverables, milestones, technical requirements, and limits and
exclusions. A review with the customer to understand and agree on expectations is
also crucial. The absence of a clearly defined project plan consistently shows up as a
major reason for project failures.

Establishing Project Priorities (Time, Cost, Performance/Scope): Quality and
ultimate project success are traditionally defined as meeting or exceeding customer
and/or upper management expectations in terms of cost, time, and performance
(scope) according to Levitt (2011). Managing the trade-offs among time, cost, and
performance is one of the primary jobs of a project manager. To do this, project
managers must define and understand the nature of the project priorities and have a
candid discussion with the project customer and upper management to establish their
relative importance. Compliance with these TCP (Time, Cost, Performance) criteria is
a measure of project success.

Effective Planning Success begins with a good plan. Developing the project scope
sets the stage for this plan. Accurate estimates of project times and costs are the
foundation for project planning and control. Traditional project management
approaches concentrate firmly on thorough planning up front. This includes defining
every detail through a Work Breakdown Structure (WBS), identifying problems and
risks before the project begins, making estimates, assigning resources, and creating
a baseline schedule and budget.

Effective Project Control: The project control process involves measuring
performance, evaluating it, and reporting on project performance. It helps keep project


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