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Project Planning Need only be a One-Time Exercise

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1. If the organization within which the project is being undertaken has a risk department or section, the project manager need not be concerned with risk in the project since this is the job of the risk department. Explain why this statement is true or false. Explain your reasoning.

2. In this course the instructor has emphasized that Time, Cost, Quality, and Scope comprise an inter-related, dependent system, resulting in a system with three (3) degrees of freedom (N-1). Explain this relationship and why the statement is or isn't true, and expound on the relationship of the four variables as they relate to project management.

3.A project manager's effectiveness is limited by the thoroughness, reliability, validity, and honesty of the performance measurement system employed and in the thoroughness, validity, and stability of the measurement baseline used. Is this the true statement? Why or why not? Justify your reasoning fully.

4.
Project planning need only be a one-time exercise in order to get an idea of the project and its major ramifications. Since there are so many variables in a project, anything but cursory planning is a waste of effort. Address both the statements above. Address the veracity of the statements and thoroughly justify your reasoning.

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Solution Preview

I will outline the answers for you to use. It will be up to you to assemble them and make the references to your book and lecture notes.

1. If the organization within which the project is being undertaken has a risk department or section, the project manager need not be concerned with risk in the project since this is the job of the risk department. Explain why this statement is true or false. Explain your reasoning.

This statement is false. The project manager must be aware and oversee every aspect of a project and risks are a big part of this. If a resource were to suddenly become unavailable, then the entire project could fail. Knowing the risks, the places where risks occur, and how to find alternatives might be the job of risk management, but to allow a project to proceed without the person in charge of the project taking these risks into consideration is tempting fate.
For example:
A project requiring resources from the aluminum mines in South America is being set up. As the project manager gets the research on the project and the list of resources and their source, he notices the aluminum is coming from a place where unrest has been an issue for the last two years. While risk management may be aware of the problem, it is also the job of the project manager to find alternatives and account for how they can be obtained in case of the resource becoming unavailable. This way, the aluminum does not prevent the critical path or other steps in the project to be delayed and there to be a loss of profit on the job.

2. In this course the instructor has emphasized that Time, Cost, Quality, and Scope ...

Solution Summary

The project planning need only to be a one-time exercise is examined.

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