Question

Question 1

(a) Describe the fundamental characteristics of projects.        

(b) Discuss why project management is becoming more important in today's business environment.                                                               (40marks)

(c) "Organisations need to ensure that they are doing the right projects right". Explain what is meant by this statement, with reference to relevant theory and examples.                                                                                            (40marks)

Answer 1

a) Characteristics of projects -

There are many characteristics of a project such as -

1. A project has a single purpose to get the end outcome.
2. Each and every project is unique as they are all different and every project is temporary.
3. The project has the capability to perform a service.

b) Importance of project management -

Project management is important as it ensures the project deliverables against various business opportunities. It also ensures that projects are aligning with the strategic goals of a firm. Project management gives a clear focus and provides realistic planning to achieve the objectives of a project. One of the main importance is that project activity and processes can be managed effectively.

Hope this helps :)