Table of Contents
Question1: What are the core principle of a project and why are they important?.
Question 2: What would you have included in the scope statement for a project?.
Question 3: Develop a Gantt chart and define the critical paths.
Question 4: What would need to consider when developing a project budget?.
Question 5: How would you develop a risk strategy for a project, what method would you use
Question 6: What Quality method would introduce to ensure a project is completed successfully
2.1 Project Life Cycle.
2.1.1 Definition stage.
2.1.2 Project Planning.
2.1.3 Project Execution.
2.1.4 Project delivery.
Question1: What are the core principles of a project and why are they important?
The project introduces restricted and well-defined activities to deliver an outgrowth that can be measured and observed to attain a specific goal. Epstein (2015) disclosed various principles of a project. Every project is unique that can never be repeated at one time. There is a definite result or solution for each project that defines the main purpose of that task. Each project requires a variety of efforts for the improvement of results.
Any project is essentially a collection of interrelated activities, people, tools, processes, and other assets brought together in the activity of a common goal (Badiru, 2012). The principles and characteristics of any project are significant to achieve the goals and objectives of any project. The need for project management is very important as speed, quality, and cost control allow managers to plan and manage strategic initiatives to generate new revenue (Richman, 2002).
Question 2: What would you have included in the scope statement for a project?
A project scope statement is one of the most significant units of any project. It describes the main purpose of the project. The main purpose of the scope statement is to describe quantifiable criteria for success and include at least cost, schedule, and quality measures (Heldman et al., 2007).
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McDonough (2014) stated that the scope statement of an outstanding project should be understandable and brief. It should be clear to others. Additionally, it must be precise that it could clearly be understood that it can set SMART goals such as specific, measurable, achievable, realistic, and timely………………
The motive of this proposed project is to expand the ERP System for Wroxham. The proposed budget for this project is considered to be £570,000.00. This proposed project is expected to boost the capability of the ERP system in the Wroxham as well as to upgrade the straightforward flowing of the information system of the company and machine. The proposed project is supposed to be completed within eight weeks’ time by avoiding any delay.
This proposed project emphasizes expertizes, capabilities, and process of the management. Further, it follows the project lifecycle, leadership and administrations, project process, project controls, and the associated risks.
2.1 Project Life Cycle
According to Hermsen et al. (2016), it is disclosed that the project life cycle should be applied to manage and control a project. There are four phases of a successful project life cycle such as the definition phase, planning phase, execution phase, and delivery phase…………………………