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Project Management Concepts – A Guide to score A+ in PM Homework

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In our previous article on Project Management, we discussed a few qualities that a project manager should have.  The reason behind writing articles on project management is, to provide the best  Project Management homework help to students.  They can directly come to our blogs and get useful information.

This article will talk about various scopes of project management, and also about our Work Breakdown Structure assignment help. Moreover, this article addresses the concept of Time, Scope, and Money. Let’s begin. 

Concepts associated with Project Management Homework Help

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The first question that should be answered before the beginning of any project is its Scopes. Once we start with the project, all the team members including the project manager should be aware of the project scope. The below information will surely serve as Project Management Homework Help. 

We have two primary distinct scopes in project management:

The first scope is the Project Scope

This scope answers the  “how” part of any project, i.e. steps that should be followed for the timely completion of the project without exceeding the allocated budget.

The second Scope is the Product Scope

This scope is much wider than the previous scope. This scope in project management deals with product functionality.

This is not the end of the scope. We always have an extension in the scope throughout the project life cycle. Scope creep is the unwanted extension of the scope and we have to make sure that there should not be any scope increment, which initially was not part of the original scope. Let’s now learn about our WBS assignment help online.

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Work Breakdown Structure (WBS) Assignment Help

work breakdown structure in project management is a hierarchical decomposition of a project into smaller components. A WBS also provides the necessary framework for detailed cost estimating and control along with providing guidance for schedule development and control. After defining scope, a project manager breaks all activities into smaller tasks where each activity serves a goal.

The basic principle, which is the foundation of the Work breakdown structure, is a 100% rule. According to this rule, all the activities carried out in the project development phase should cover each and every aspect of the project like internal work, external work, etc.

We understand that the concept of WBS is not that easy to understand and you may get stuck while preparing your assignments. This is where Allassignmenthelp.com comes in. Our expert writers prepare an outstanding Work Breakdown structure, which helps students to score well.  Our Project management homework help includes detailed structures and discussions. Let’s learn about 3 major constraints in Project management which our experts cover in assignments.    

Three major constraints in Project Management

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Let us now discuss the three major constraints which we often talk in project management homework help online. These three constitute the three sides of the project management triangle assignment help. Time, Cost, and Scope are three major constraints in project management. All these constraints have a dependency on one another. Changing any one will lead to a change in the other two. A detailed explanation of the three constraints is below:

Time constraint

Every project has a deadline. If we fail to meet the deadline then it is definitely an expense to the organization. The project manager employs various techniques to ensure the timely completion of the project. Work Breakdown Structure (WBS) is one of the primary techniques in which a project manager breaks tasks into small entities and estimates an individual work effort. Then all the estimations merge together in the final delivery.

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Cost constraint

Cost impacts the project directly. If we do not have an efficient mechanism in place, we end up spending too much on the project. A predefined cost is involved in a project life cycle process so; we cannot afford to spend more on any project until other constraints have changed.

Methodologies used to estimate accurate cost are:

  1. Analogous estimation: Cost of a similar project is used as a benchmark to calculate the cost of the current project.
  2. Vendor bid analysis in project management cost constraint estimation: We take the bidding amount of various vendors for a project and average them out to arrive at the estimated cost for the project completion.

Scope constraint

The scope is the sum of the services, products, and results. This is one of the most important aspects of the project. We need to ensure that we are not building things that are not in our scope of delivery. In larger projects, the quality of the project is directly proportional to the effort put in by the team to develop the project. So we should ensure to save time and ignore low priority requirements.

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If you want to know more about phases of project management, click here.

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