The above diagram shows the variables in triple constraint - Cost, scope and time. This is important in project management as all projects are limited by their constraints but still need to be clear and understandable.
If any of these variables change, it will affect at least one other immediately. For example when the scope of the project has been altered, the cost/resources of the project need to be reallocated as does the time (as it may be pushed further back). These three variables need to be balanced in order for the project to be successful.
2. Describe the two primary diagrams most frequently used in project planning
The PERT Chart (Program Evaluation and Review is a graphical network model depicting all the tasks of a project which need to be and have been taken, and the relationships within it.
The other primary chart is the Gnatt Chart which shows the tasks which need to be finished in a simple bar graph against a calender form. This allows for time frames and are identified easily.
a) People management: Employees need to understand the goals of the project and the tasks that they need to complete. It needs to be managed and controlled by the project manager to ensure that it is done correctly and on time as the project is exposed to human error.
b) Communications management: All communication needs to be given to the correct employees, as vital information may be needed to successfully implement the project.
c) Change management: Changes are due to arise during implementation of the project. Managers need to deal with these accordingly as the diagram in question 1 explains that changes can arise due to the change in scope, time or resources.
b) Communications management: All communication needs to be given to the correct employees, as vital information may be needed to successfully implement the project.
c) Change management: Changes are due to arise during implementation of the project. Managers need to deal with these accordingly as the diagram in question 1 explains that changes can arise due to the change in scope, time or resources.
4. Outline 2 reasons why projects fail and two reasons why projects succeed
Why projects fail: This mainly consists of when the goals of the project are not in line with the goals of the organisation. The project would then be a 'stand alone project' which is difficult to gain wide support for. Due to poor communication management, projects may fail as the employees may not fully understand the task at hand and thus will not be able to fulfill the objectives of the project.
Why projects succeed: If the executive level of the organisation supports a project, the rest of the organisation is likely to follow resulting in employee input and thus improvements which may not have occurred without higher support. Another reason is when a good decision making structure has been implemented as it avoids inconsistencies in decisions.