Who Can Answer These Questions By Using Credible References And Free Of Plagiarism?

Who Can Answer These Questions By Using Credible References And Free Of Plagiarism?

1. Compare and contrast the terms time, budget, andspecifications and how they impact the success or failure of a project.
   Your response must be at least 75 words in length.
2. Define the term project managementusing your own words.
   Your response must be at least 75 words in length.
3. Discuss the five process areas associated with managing a project. In an information technology (IT) project, which area do you think is most important for the project manager to have in regard to IT experience? Why?
   Your response must be at least 200 words in length.
4. Explain why a project manager is such an important role in the execution and success of a project. Give an example of when a project manager was responsible for the success or failure of a project.
   Your response must be at least 200 words in length.

Solution Preview

The success or failure of any project is determined by its budget, allocated time, and the specifications. The project manager is allowed to trade between the constraints to change the dynamics of the project. For instance, an increase in the budget will reduce time if the specifications remain constant. Also changing the scope has a direct impact on the outcome of the project. For example, increasing the technical or engineering specifications will require an increase in either the budget or time or both. Thus, it is imperative that the project managers understand how to manipulate time, budget, and specifications while executing the project to achieve the intended results.

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