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1. A project management joke goes something like: Schedule, cost, quality; pick two. What is the relationship between schedule, cost and requirements? Does their relative importance vary with type of project? Cite some of this week's readings.
2. How are project requirements documented and how does this affect the success of the project? Cite some of this week's readings.
3. What defines a successful Project Manager? Cite some of this week's readings.
4. What are typical the inputs into project team selection? How much control does/should the project manager have over this? Cite some of this week's readings.
5. What is SMART and how does it apply to the development of requirements?

References
Project Management: A Systems Approach to Planning, Scheduling, and Controlling, 8e
Author: Harold Kerzner
Publisher: John Wiley & Sons, Inc.
ISBN: 0471225770
Project Management
Author: Jack R. Meredith
Publisher: John Wiley & Sons, Inc.
ISBN: 0471715379

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Solution Summary

A project management joke goes something like: Schedule, cost, quality; pick two. What is the relationship between schedule, cost and requirements? Does their relative importance vary with type of project? Cite some of this week's readings.

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1. A project management joke goes something like: Schedule, cost, quality; pick two. What is the relationship between schedule, cost and requirements? Does their relative importance vary with type of project? Cite some of this week's readings.

All the three terms are closely interrelated. For example, if the schedule will miss the original plan, the cost will increase and the requirements will need to be changed/modified as well. It is extremely essential for all three elements to be in sync with each other to ensure that project meets the requirements of the project sponsor. The deviation of one element from the desired path will cause others to deviate as well.

Yes, it is true that relative importance of each of these elements varies with type of project but at the same time, each element is extremely important and interdependent on each other for successful project completion.

2. How are project requirements documented and how does this affect the success of the project? Cite some of this week's readings.

Project requirements are documented in a formal plan known as project ...

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  • MBA, Rochester Institute of Technology
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