Define the key characteristics of any project. Briefly explain the reasons why many projects fail and runs over budget

Briefly describe each of the Five Stages in Project Management and discuss in few words the benefits of managing projects in a well-structured manner

 

This is an individual assignment – complete both tasks 1 and 2

Background: The assignment is intended to bring out the benefits and limitations of different approaches to project planning and control by relating these to the circumstances in the case outlined.

It is also intended to allow students to demonstrate their learning and competence in respect of the management of resources generally but in particular elements of scope schedule quality and cost.

Task 1 (40% marks) 700 words (+1- 10%) each short answer question requires a response in a few sentences for the questions awarded up to 6 marks and a paragraph for questions awarded up to 8 marks.

  1. Define the key characteristics of any project. (4marks).
  2. Briefly explain the reasons why many projects fail and runs over budget (4marks).
  3. Briefly describe each of the Five Stages in Project Management and discuss in few words the benefits of managing projects in a well-structured manner (6marks).
  4. Briefly discuss the impact a good and a bad Team may have in terms of achieving and managing project goals. (6marks).
  5. List the nine (9) knowledge areas in Project Management and briefly explain the importance of any two of them. (4marks).

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