Question

3. Project variables: Each project is constrained by the variables of schedule, budget, and scope. As part of the change management process, a change to the scope of the project is requested. How does this change in scope affect the project schedule and budget?

4. Project management competencies: If an organization hires an experienced project management contractor to lead a project, which project management competencies must this individual develop to become an effective project manager in the organization?

Answer 1

3) Poorly managed or uncontrolled changes can harm your project severely, leading to missed deadlines, budget overruns, and even project failure. Adding extra work and requiring extra budget and resources may impact your ability to deliver on target.
Project scope impact factors can include: variable resource levels,legal constraints,regulatory constraints,changing stakeholder requirements,managerial constraints,external and internal risks,constraints on time.
4) An overview will be given of the criteria of a competent project manager. These criteria will be integrated in a checklist, which will identify the areas and competencies to which companies need to pay attention when selecting a project manager for a project.
Efforts to develop to these competencies will enable companies and project managers to meet the challenges of today's changing environment and prepare for the future.A project may be well conceived and adequately financed, the resources may be specialists, and consultants may be highly experienced, but if the efforts of all the participants are not skillfully coordinated and managed, the project may overrun the budget, fail to meet the schedule, or fall short in functional and technical quality. The larger and more complex the project, the more critical this overall management function becomes.In the construction industry it would be unthinkable to conduct a construction project without a project manager. Some businesses, however, still see a project manager as overhead rather than integral to success. During economic downturns many project managers are laid off due to cancellation of projects. However, another major reason for project manager layoffs is not recognizing the added value of a project manager. There is not one agreed upon definition of project manager nor his/her responsibilities: scope of duties range anywhere from administrator to multimillion-budget manager. In addition, a lot of companies have defined project manager selection criteria vaguely and often focus more on fit into the organization than competency for the position.Project managers, in general, have no formal authority, though they are held responsible for the overall success of the project. They are responsible for managing the interaction between all stakeholder groups, each of whom have their own expectations and project success criteria. The project manager is often well served by putting their egos aside and keeping a necessary emotional distance from their work. Summarized, the position of project manager demands an overall defined skill set and personality profile.