Question

Which of the following items would be the most important to the least important and why?

• Project objectives
• Goals
• Sub-phases
• Tasks
• Resources
• Budget
• Schedule

Answer 1

• Goals : Goals are most important element,without any motive one cannot achieve the success.Clear goals helps to maintain control over the project.It has to be well defined with realistic time-frames and estimated budget.
• Project objectives : Like goals,project objectives are very important element or item.Any changes in the objective,scope,or goals can directly impact on other items.
• Resources : Right resource helps to get the right resource and helps to implement the project successfully without any problem.Appropriate resources in the correct location during correct timing gives the correct results.
• Schedule : It is created to achieve the goals and the objectives.It is least important than goals and objectives as it is dependent on them but in overall project it also plays a crucial role.It keeps project on right track.Here resources are assigned properly to decrease the error.Proper scheduling can reduce cost,over burden and increase the customer satisfaction.
• Budget : Budget is most important,as project has to complete with an estimated budget otherwise it might face loss.Its also true that without money one cannot be successful with the given project.If manger do not estimate budget properly then project might go over budget and can meet the loss.It is created to achieve the goals and the objectives.
• Sub-phases : Here conditions are satisfied at each phase from start to end.It comes after other items/elements get satisfied or approved,so can be said least important than other items but cannot be ignored during project implementation.As each phase has to be approved and should get error free and successful result.Project phases consists collection of activities with their goals and objectives which are divided into sub phases that means for the project success.
• Tasks : Tasks are the activities that has to be done within specific period of time or given schedule.It can be said least important compared to other items but also important as without doing task one cannot achieve the goals.

For the success of the project,all elements are important as they are related to each other,one is incomplete without the other.If you have goals and objectives but not doing tasks,completing phases,no resources,budgets then project won't get complete.And if you have budget but no goals and objectives then you wont find the way to complete the project.All items are important as per their own perspectives.