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Project management is a continual balance between 3 main elements. What are they?
Wiki User
∙ 12y ago
- Scope
- Time
- Cost
These 3 elements together are also referred to as the Iron Triangle
Wiki User
∙ 12y ago
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Problems resulting from using a piecemeal approach to project management?
1.Fails to prioritize the selection of the project by their importance of their contribution to the firm. 2. Does not tie to the Strategies of the Organisation.3.Resource allocation and scheduling can be a problem.4.Are not integrated throught the project life cycle.5.Fails to balance the project management with the organisation's culture
Why must a balance exist between project management processes and product-oriented processes?
It is pointless having the best project management processes (e.g. Project Management Plans, Schedules, EVM Techniques, Risk Registers), if you neglect the product processes (e.g. Design Reviews, Agile development cycles, Repair and Overhaul Strategy, Training and adequate Product Documentation, Obsolescence Strategy, Future Enhancement Roadmaps), because you will get to the end of the project ticking all the project deliverables but chances are not having a certified or approved product to give to your customers. Conversely, putting all the effort into developing and designing products without considering project management processes can lead to other problems (e.g. engineers adding wish-list or nice to have capabilities, project overspends, issues associated with lack of contingency planning and mitigation actions, project overspends and delivering late to market). Ideally, projects should have a Project Manager and a Lead Engineer, who work in harmony to deliver the right product, at the right price, at the right time to the right quality. This can only be achieved if a balance occurs between the project and product processes. Over emphasis on one, often leads to an under emphasis on the other.
Multidisciplinary nature of management?
Management involves working with people as well as managing production. Since managers have to balance both, it is considered multidisciplinary.
How much authority should be assigned to the project manager?
Authority is usually never assigned to the Project Manager, it is either earned (grabbed) by the Project Manager or it is based on the type of organization (functional, projectized, matrix). Functional: The Project Manager has no or little authority over the resources. Projectized: The Project Manager has almost absolute authority. Matrix: A balance between functional and projectized.
Definition of classical approach in management?
Classical approach to management is dated back to the Industrial Revolution. the classical approach was an approach that places reliance on such management principals as unity of command, a balance between authority and responsibility, division of labor, and delegation to establish relationships between managers and subordinates. This approach constitutes the core of the discipline of management and the process of management.
Does project management hampers work life balance?
No it doesn't. In fact, Project Management can improve every aspect of the business as well as the person's life and the others when applied properly.
Problems resulting from using a piecemeal approach to project management?
1.Fails to prioritize the selection of the project by their importance of their contribution to the firm. 2. Does not tie to the Strategies of the Organisation.3.Resource allocation and scheduling can be a problem.4.Are not integrated throught the project life cycle.5.Fails to balance the project management with the organisation's culture
What is the term for balance among elements inside the body?
The balance among elements inside a body is homeostasis.
Why cost estimation is the most challenging tasks in project management?
I wouldn't consider it the most challenging, but it is challenging. The problem is that there are lots of unknowns when it comes to costs for a project, especially a software project, where changes are always there. The Project Manager has the tough job to balance between the cost estimation and keep the project in check of its budget. There are lots of cost estimating techniques out there.
Where is the color balance on Photoshop elements 7?
You can balance colors in Elements from Enhance in program menu (top left corner).
This type of balance features elements that come from a central point?
radial balance
What is informal balance?
A symmetrical balance refers to a design that has dissimilar elements but still appears balanced, dividing a picture in half won't have the exact same elements however the elements they do have are varied and seem to balance one another out.
What are symmetrical and asymmetrical in balance?
Another term for asymmetrical balance is: - informal balance
Why is it best to balance free elements last?
It is best to balance free elements last simply because it is often easier this way. When balancing elements in compounds, the ratios of the elements must be taken into account. However, when free elements are balanced, there is no increase in any other element. Thus, free elements are balanced in the end to compensate for changes in the balance of compounds.
What balance features elements that come from a central point or create a central focus?
radial balance
What are the elements of lettering?
Uniformity & balance & proportion
Why must a balance exist between project management processes and product-oriented processes?
It is pointless having the best project management processes (e.g. Project Management Plans, Schedules, EVM Techniques, Risk Registers), if you neglect the product processes (e.g. Design Reviews, Agile development cycles, Repair and Overhaul Strategy, Training and adequate Product Documentation, Obsolescence Strategy, Future Enhancement Roadmaps), because you will get to the end of the project ticking all the project deliverables but chances are not having a certified or approved product to give to your customers. Conversely, putting all the effort into developing and designing products without considering project management processes can lead to other problems (e.g. engineers adding wish-list or nice to have capabilities, project overspends, issues associated with lack of contingency planning and mitigation actions, project overspends and delivering late to market). Ideally, projects should have a Project Manager and a Lead Engineer, who work in harmony to deliver the right product, at the right price, at the right time to the right quality. This can only be achieved if a balance occurs between the project and product processes. Over emphasis on one, often leads to an under emphasis on the other.
