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PRM3701 Assignment 2 Semester 2 Memo | Due October 2025

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PRM3701 Assignment 2 Semester 2 Memo | Due October 2025. All questions fully answered. 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)

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, PLEASE USE THIS DOCUMENT AS A GUIDE TO ANSWER YOUR ASSIGNMENT

 Question 1

1.1. Identify the key factors for successful project management?

To achieve successful project management, several key factors must be considered, which
integrate both technical and human aspects:

A Balanced Socio-Technical Approach
Successful project management requires a holistic view that balances the technical and sociocultural
dimensions. The technical aspect involves mastering tools, planning, and processes, while the
sociocultural aspect focuses on leadership, teamwork, negotiation, and managing relationships. Both
dimensions must be aligned for effective project execution (Larson & Gray, 2018).

Strategic Alignment and Prioritization
Projects must be selected and prioritized to support the organization's strategic goals. Ensuring
alignment between a project and the organization's strategy is crucial for success. This alignment is
maintained through ongoing attention from both top and middle management, ensuring that projects
contribute to the broader corporate objectives (Larson & Gray, 2018).

Clear Project Definition and Planning
A clearly defined project plan is essential for success. An ambiguous project scope or undefined
objectives can often lead to failure. The creation of a Work Breakdown Structure (WBS) ensures
proper identification of all elements and facilitates project control. Accurate estimates for time, cost,
and resources are crucial for successful planning and scheduling (Larson & Gray, 2018).

Effective Leadership and Stakeholder Management
Project managers must cultivate a network of support among stakeholders. Strong leadership,
especially in uncertain situations, is critical for motivating and guiding the team. A project manager's
ability to lead and manage effectively, while maintaining top management support, plays a
significant role in the project’s success (Larson & Gray, 2018).

Customer Satisfaction (Meeting Time, Cost, and Scope)
The ultimate measure of success is customer satisfaction, which depends on delivering the project
within the agreed time, cost, and scope. Balancing these three aspects—time, cost, and
performance—is a key function of project management to ensure that customer expectations are met
(Larson & Gray, 2018).

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