29 Aug What are the four variables/constraints that have to be balanced against stakeholder needs and project goals and why are they important to project success? Also, discuss how they are
Initial Postings: Read and reflect on the assigned readings for the week. Then post what you thought was the most important concept(s), method(s), term(s), and/or any other thing that you felt was worthy of your understanding in each assigned textbook chapter.
Your initial post should be based upon the assigned reading for the week, so the textbook should be a source listed in your reference section and cited within the body of the text. Other sources are not required but feel free to use them if they aid in your discussion.
Also, provide a graduate-level response to each of the following questions:
- What are the four variables/constraints that have to be balanced against stakeholder needs and project goals and why are they important to project success? Also, discuss how they are also related.
[Your post must be substantive and demonstrate insight gained from the course material. Postings must be in the student's own words – do not provide quotes!] [Your initial post should be at least 250+ words and in APA format (including Times New Roman with font size 12 and double spaced).
Project Management Overview
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Project Management
Chapter 2: Project Management Overview
1
Purpose of the chapter
Define a project
Define project success
Project constraints
Project management expertise
The project environment
Project management knowledge and skills
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Project Management
Chapter 2: Project Management Overview
Define a project
Define a project:
Unique product or service
Time-limited
Project ends when the objectives are achieved or abandoned
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Project Management
Chapter 2: Project Management Overview
Unique
How can you tell that an activity is unique?
Completely new product or service
Creation of new process
Product or service new to this group of people
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Project Management
Chapter 2: Project Management Overview
Time-limited
May have a start and end date
May be measured as “will be complete when a particular objective is achieved”
If it simply continues forever or to an unspecified end-date it is probably an ongoing business activity
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Project Management
Chapter 2: Project Management Overview
Can tell when it is done
Objective is achieved
Time limit is reached
Objective is abandoned
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Project Management
Chapter 2: Project Management Overview
Project Success
Traditionally: on time, within budget and delivers the promised scope
More effective measure: satisfied customer
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Project Management
Chapter 2: Project Management Overview
Group work
In small groups, try to identify the LARGEST project each of you have been involved with.
You do not have to have been the project manager—if not, what was your role? (team member, volunteer, purchaser, ??)
With the group, make it clear how the project you have identified meets the criteria:
Unique
Temporary
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Project Management
Chapter 2: Project Management Overview
Project constraints
Cost
Scope
Quality
Risk
Resources
Time
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Project Management
Chapter 2: Project Management Overview
Triple constraint
All the constraints can be grouped into these three:
The triad constraints by John M. Kennedy T. (http://commons.wikimedia.org/wiki/File:The_triad_constraints.jpg) used under CC-BY-SA license (https://creativecommons.org/licenses/by-sa/3.0/)
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Project Management
Chapter 2: Project Management Overview
Project Management Expertise
Application knowledge
Industry group
Technical specialty
Managerial area
Understanding the project environment
Cultural, social, political, international, physical
Management knowledge and skills
Interpersonal skills
Communication, influence, leadership, motivation, negotiation and problem solving
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Project Management
Chapter 2: Project Management Overview
Project Management Standards
Standards organizations
PMI
Project Management Institute: http://www.pmi.org/
CAPM, PMP and other professional standards
IPMA
International Project Management Association: http://ipma.ch/
Several certifications
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Project Management
Chapter 2: Project Management Overview
Summary
Project definition: unique, time-limited, can tell when it is over
Project success: satisfied client
Project constraints: time, scope, cost
Project management expertise
The project environment
Project management knowledge and skills
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Creative Commons Attribution 3.0 Unported License (CC-BY).
Project Management
Chapter 2: Project Management Overview
Questions?
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Project Management
Chapter 2: Project Management Overview
14
