Managing Projects

MANAGING PROJECTS

TABLE OF CONTENTS
TASK 1............................................................................................................................................3
Question 1. A...............................................................................................................................3
Question 1. B...............................................................................................................................3
Question 2....................................................................................................................................3
Question 3:...................................................................................................................................4
Question 4:...................................................................................................................................4
Question 5:...................................................................................................................................5
Question 6....................................................................................................................................5
TASK 2............................................................................................................................................7
Initiation:......................................................................................................................................7
Planning.....................................................................................................................................10
Execution...................................................................................................................................15
Monitoring.................................................................................................................................17
Termination................................................................................................................................17
REFERENCES..............................................................................................................................18

TASK 1
Question 1. A
The key characteristics of the projects are as follow: -
 Understanding that every project is important and unique in its way. Unique ability
makes every project different from each other.
 Projects are the temporary activities which required something different to doing the
project to stand apart from others.
 Projects also involve unfamiliarity and for that it is important to understand the changes
in the projects and acceptance to it.
 A project is a process to achieve the goals and objective and the people or the
organization works hard to achieve the goal by the project.
Question 1. B
Reasons the project fails:
Lack of experience: - The lack of experience in the project management is one of the major
factor of getting the failure in project over the budget issues. The management need to be very
good when working on the project.
Scope Creep: - The additional thing the client asks while the project is going is one of the
reasons.
Project changes: - the changes in the projects accord to the situation and scope creep. Project
changes can affect the project in worst as it makes the whole changes.
Poor planning: - Poor planning and bad management is one way to get the project failed over
budget. Planning is one of the most important factor which they need to understand while
working.
Question 2
Initiating: The first stage of the project management is the initiating stage where the project is
initiated by the person and then the process of the project get started. The project management
begins from the initiating stage.
Planning: The second stage is the planning of project and making sure that every thing in the
project worked under proper planning to get best result.
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Execution: the execution of the action taken in the planning stage in the project management is
done in this stage of project. The execution is being done here.
Monitoring: Monitoring refer to the process of monitoring the project and finding the issues and
the process of working and how the work is going to get the outcome from project (Bjorvatn and
Wald, 2018).
Termination: termination is the last stage of the project management and this stage include the
process where they terminate and do the closure procedure in the project after completing the
project.
The benefits of managing the project well structured is that a proper procity sedure and the
structured procedure helps in getting better outcomes and to get best result in project the process
need to be correct and structured.
Question 3:
Good team help in getting better results as it will enhance the good communication with each
other and the better understanding among the team will enhance the objective and goals. Good
team give a great benefit to the projects and help in development with the skills and talent.
Bad team work affects the whole project as the lack of communication and lack of understanding
between the team members can cause a lot to the project and decrease the efficiency of the
project which they are looking for.
Question 4:
Nine Knowledge areas of project Management:
1. Project integration Management
2. Project Scope management
3. Project time management
4. Project Cost management
5. Project Quality management
6. Project HRM
7. Project Communication management
8. Project Risk Management
9. Project procurement management
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