1. Explain the triple constraint and its importance in project management.The triple constraint involves making trade-offs 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.
— 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
1. PERT chart – a graphical network model that depicts a project’s tasks and the relationships between those tasks
1. Dependency
2. Critical path
2. Gantt chart – a simple bar chart that depicts project tasks against a calendar
3. Identify the three primary areas a project manager must focus on managing to ensure success.
1. Managing people
2. Managing communications
3. Managing change
Managing people is one of the hardest and most critical efforts a project manager undertakes. Resolving conflicts within the team and balancing the needs of the project with the personal and professional needs of the team are two of the challenges facing project managers. In order to manage communications, a project manager must plan what or how he/she will communicate as a formal part of the project plan. Successful people and organizations learn to anticipate and react to change appropriately.
4. Outline 2 reasons why projects fail and two reasons why projects succeed.
There are several differing reason why projects fail and why they succeed. The reasons why projects fail include:
1. The failure to align the project with organisational objectives.
2. Unrealistic expectations
Two reasons why a project may succeed include:
1. Excellent communication between those involved in the project
2. A good decision making structure
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