What is the significance of the triple constraint

Reference no: EM133669818 , Length: word count:1500

Activity - 1

Question 1: Identify any three of the greatest achievements accomplished by mankind in the last five decades and review these accomplishments in terms of the definition of a project. What does your review suggest about the importance of project management?

Question 2: Explain key differences between IT projects and projects in other domains.

Question 3: What is the significance of the "Triple Constraint" in project management, and how does it influence project planning and execution?

Question 4: Go to "seek.com.au" and select any two job advertisements for IT Project Manager positions and analyse what the industry is looking for from the Project Manager role.

Activity - 2
Answer the Following Questions

Question 1: Why is it important to assess the culture of an organization before deciding what project management structure should be used to complete a project? Briefly explain your answer.

Question 2: Other than culture, what other organizational factors should be considered when determining which project management structure to use? Briefly explain your answer.

Question 3: What do you believe is more important for successfully completing a project- the formal project management structure or the culture of the parent organization? Briefly explain your answer.

Question 4: Going to university is analogous to working in a matrix environment in that most students take more than one class and must distribute their time across multiple classes. Briefly explain any three problems that this situation creates for you.

Activity - 3
Answer the Following Questions

Question 1: Why are accurate estimates critical to effective project management? Briefly explain.

Question 2: What are the differences between Bottom-up and Top-down estimating approaches? Under what conditions would you prefer one over the other? Briefly explain.

Question 3: You are in charge of organizing a dinner-dance concert for a local charity. You have reserved a hall that will seat 30 couples and have hired a jazz combo (group of few musicians). With a budget of $20,000 allocated for the project, develop a scope statement for this project that contains examples of all the checklist/elements. Assume that the event will occur in 4 weeks and provide your best guess estimate of the dates for milestones.

Question 4: Below is a project WBS with cost apportioned by percents. If the total project cost is estimated to be $600,000, what are the estimated costs for the following deliverables?
Design
In-house testing
Programming
What weaknesses are inherent in this estimating approach? Briefly explain.

Reference no: EM133669818

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