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PRM3701 Assignment 2 Semester 2 2025 Due October 2025

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PRM3701
Assignment 2
Semester 2 2025
Due October 2025

, PRM3701

Assignment 2

Semester 2 2025

Due October 2025


Project Management


Question 1



1.1 What are the key factors for successful project management?

1. Clear scope and objectives
Projects succeed when objectives are unambiguous and measurable. A defined
scope reduces ambiguity, limits scope creep, and establishes criteria for success.

2. Stakeholder engagement and communication
Early identification of stakeholders and structured communication improve
alignment and allow faster decision-making. Poor communication often leads to
misinterpretation, delays, and conflicts.

3. Competent leadership and capable teams
Skilled leaders guide projects through uncertainty, while competent, empowered
teams ensure effective execution. Strong leadership balances technical oversight
with motivation and coordination.

4. Robust planning and control
Accurate cost and time estimates, realistic schedules, and active monitoring
through techniques like earned value management improve predictability and
accountability.

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