Project Management Characteristics: Doc

Added on - 21 Feb 2021

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Managing Projects1
Table of ContentsTASK 1............................................................................................................................................31. Characteristics of project and its importance...........................................................................32. List five stage of PLC..............................................................................................................33. Purpose of PID.........................................................................................................................34. Nine knowledge area in project management and its significance..........................................45. What is feasibility study..........................................................................................................46. a) Draw network diagram........................................................................................................5b) Critical path.............................................................................................................................5REFERENCES................................................................................................................................62
TASK 11. Characteristics of project and its importanceThe six characteristics are as follows :-A project is developed for customer.It is temporary in nature that means it has start and end point.There are unique requirements in project which are to be delivered.It can be either cross functional or cross organisational.A project is not business as usual which is more akin to process.It is an off endeavour rather all time in repeated elements.Developed for customer-Basically, a project is developed for customer. For this their needs areidentified and then accordingly fulfilled. It can be related to providing services or changing wayof delivering services.Unique requirement-For every project, its requirements are different. It depends on nature, sizeand type of project (Davies and et.al., 2017). However, it is also dependent on customer needs,scope, etc. of project. So, on basis of project the requirement.2. List five stage of PLCInitiation phase-It is starting stage where objectives are identified. Here, feasibility study isconducted to form project objectives.Planning phase-in this planning is done that includes team, budget, tasks, time, etc. areplanned. Besides, roles are assigned and resources are allocated according to tasks.Implementation phase-Here, the project is executed and progress is monitored. The teamperform tasks and compete them.Closing phase-it is final stage where project is closed. Here, project is evaluated on basis of setstandards to identify whether goals are attained or not.Monitoring phase-In this project is maintained as per standards and guidelines.3. Purpose of PIDIt is most important document in project. The PID is developed to record basicinformation of project that helps in its completion (Defusco and et.al., 2016). It consists ofseveral elements that are scope, risk stakeholders, etc. that enables in completing projectactivities. However, on basis of PID planning is done and task are accomplished. The threeitems listed in it are as follows :-3
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