Weekly 12 Questions - Project Managment

Weekly 12 Questions - Project Managment 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. These three variables are interdependent: You cannot change one without changing the others. Project management is the science of making intelligent trade-offs among time, cost, and scope. This is the overall importance of the triple constraint in project management. Describe the two primary diagrams most frequently used in project planning Two primary diagrams used in project planning are PERT and Gantt charts. PERT chart is a graphical network model that depicts a project’s tasks and the relationships between dependency and critical path. While a Gantt chart is a simple bar chart that depicts project tasks against a calendar. Gantt charts illustrate the start and finish dates of the terminal elements and summary elements of a project. Terminal elements and summary elements comprise the work breakdown structure of the project. Some Gantt charts also show the dependency relationships between activities. Identify the three primary areas a project manager must focus on managing to ensure success -managing people - managing communication - 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. Outline 2 reasons why projects fail and two reasons why projects succeed. There are various elements allowing projects to both fail and succeed. Many businesses IT projects fail because firms create unrealistic expectations. Another reason in which projects fail is because of poor scope. This means that firms may set unrealistic time frames for a project to be completed. On the other hand, projects commonly succeed if the project is headed by a good leader and is performed using a good mix of team players who can share their expertise. Additionally, projects succeed in many cases due to good communication which is inevitable in any team work. Watch : > http://www.youtube.com/watch?v=bLrnJc2Tz44