Nt1310 Unit 9

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UNIT 9

What is a project planning?

Project planning is the most important stage of the project management life-cycle. Planning is the most important stage of any project or development. The project planning stage lays down the foundations by defining the scope, schedule, quality standards, objectives, and goals of the project. The project planning phase is so important because it can show all of the future goals, how the project will move ahead, what kind of resources will be engaged, how unforeseen situations may affect the project and how they will be handled, and what will be the baselines against which progress will be measured and reported. Without planning, a product or project could fail very easily as many unforeseen obstacles will …show more content…
Budget Overruns: Ineffective planning might miss hidden costs like equipment rentals, software licences, or materials needed for specific projects. This can quickly eat away at the budget and force cutbacks in other areas, such as quality. Quality Issues: Rushing due to poor planning can lead to errors and defects that need to be fixed later. This rework is essentially a wasted effort, adding unnecessary time and cost to the project. Delays: When projects are late, it throws off the client's schedule and plans. This can disrupt their operations and potentially cost them …show more content…
Risks: Unforeseen events can derail projects, causing schedule delays, cost overruns, quality issues, or even project failure. Inadequate risk planning means being unprepared for these challenges.

Impact of Ineffective Planning: Unclear goals, poor task delegation, communication breakdowns, and lack of recognition can lead to disengaged and unproductive teams.

Examples of Reputation Damage: Missed deadlines, budget overruns, poor-quality deliverables, or safety incidents can damage an organisation's reputation, leading to lost business opportunities and client trust.

9.3

1. What is the difference between a. and a. Programme Evaluation Review Technique (PERT): Purpose: PERT helps estimate project timelines by considering the variability of task durations. It uses three time estimates (optimistic, most likely, pessimistic) to calculate a statistically probable project duration. Importance: PERT acknowledges the uncertainty inherent in projects and provides a more realistic timeframe compared to a single estimated duration. This helps in setting achievable deadlines and managing stakeholder expectations. Example: A software development project has a task "Develop Login Functionality." PERT estimates an optimistic time at 2 days, most likely
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