BUSINESS DRIVEN TECH 7/17>CUSTOM<
BUSINESS DRIVEN TECH 7/17>CUSTOM<
6th Edition
ISBN: 9781259975691
Author: BALTZAN
Publisher: MCG CUSTOM
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Chapter 20, Problem 2MBD

Explanation of Solution

Project management:

  • The project management is a skill to make smart trade-offs between three interdependent variables which are time, cost and scope.
  • Proper project management is the most required property in any type of systems development effort.
  • To meet the project requirement, dealing with tools, skills, knowledge, and techniques related to project activities is a major role of the project management.
  • Measuring, managing, and reviewing each step of the system development life cycle will ensure the completion of project within the estimated budget and in a specified scope.

Reasons behind the failure of a project:

  • Poor project planning
    • Improper project plan extends the set forth deadline and may lead to delay.
  • Budget overrun
    • Project may not complete within stipulated budget and excess cost may occur.
    •  Excess cost may affect market strategy and pricing structure.
  • Misunderstood customer requirement
    • The business requirements are either misunderstood or not gathered properly then the product will fail to satisfy the need...

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