1. Explain the triple constraint and its importance in project management.
The triple constraint involves making tradeoffs between scope, time and cost for a project. It is inevitable in a project life cycle that there will be changes to the scope, time or cost of the project.
There is a high failure rate in IT projects between 30 to 70 per cent due to late delivery, exceeding budget, or not delivering what was agreed upon
There is a high failure rate in IT projects between 30 to 70 per cent due to late delivery, exceeding budget, or not delivering what was agreed upon
Increased Scope = increased time + increased cost
Tight Time = increased costs + reduced scope
Tight Budget = increased time + reduced scope.
2. Describe the two primary diagrams most frequently used in project planning
Tight Time = increased costs + reduced scope
Tight Budget = increased time + reduced scope.
2. Describe the two primary diagrams most frequently used in project planning
Project – temporary endeavour undertaken to create a unique product, service, or result
Project management – the application of knowledge, skills, tools, and techniques to project activities to meet project requirements, it implies;
Project management – the application of knowledge, skills, tools, and techniques to project activities to meet project requirements, it implies;
3. Identify the three primary areas a project manager must focus on managing to ensure success
A project manager must focus on managing three primary areas to ensure success:
Managing people
Managing communications
Managing change
4. Outline 2 reasons why projects fail and two reasons why projects succeed.
Failure to align project with organizational objectives
Lack of executive sponsorship
Lack of project management
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