Unit 1 : Project Management Concepts

904 WordsSep 23, 20144 Pages
Unit 1: Project Management Concepts 1.) Compare and contrast the three components of the triple constraint. Evaluate the consequences of changes occurring in each component. There are three components, Scope, Time, and Cost. Scope focuses on the work that has to be done. Making changes to the scope increases the costs of the project and also affects the time required to complete the project. Time focuses on the amount of time it will take to complete the project. Again making any changes to the timeline of the project will likely affect the costs and the scope of the project will have to be adjusted. Costs are the planned amount that the project will require in finances in order to complete the project. Changing the budgeted amount will…show more content…
This is done through proper communication, and motivation using respect and trust (Institute, 2013). A project manager must be able to focus on the time, scope, budget and quality of the project, but they must also meet the objectives of the project (Schwalbe, 2011). A manager has to be both a leader and a manger. Project management is “the application of knowledge, skills, tools, and techniques to project activities to meet the project requirements.” (Institute, 2013) 4.) Provide examples for each of the three major types of organizational structure that clearly distinguish each. There are the classifications of organizational structure, functional, project, and matrix. The structure of an organization can determine the utilization of the resources in a company and this can affect the way projects are handled. While organizations may adopt any or all three types, one type will be favored more than the others. A functional structure is a traditional method using a hierarchical chain as each employee has a documented superior. Team members are grouped by department and specialties (Institute, 2013). A Project Organizational structure is also hierarchal in design, but instead of the managers reporting to individual higher-ups, managers’ report directly to the CEO. This type of organization is involved primarily in project work. Defense contractors, for example function in this kind of

More about Unit 1 : Project Management Concepts

Open Document