It-205 Week 8 Assignment

August 14, 2011

University Of Phoenix

IT 205

How does the five major components of project management—cost, quality, scope, time, and risk—relate to this picture?

There are five big parts of project management include: time, scope, risk, quality and cost. Scope to me I’ll say of the project is made up of what might be what might not be included in it. As for the hardware replacement project, the scope of the project might include new computers and networking equipment to help implement and support the new CRM application. It is one requirement for project management to make sure everything is done successfully and also to make sure that the Scopes of a project in this case would be the hardware does not go pass what’s originally intended. Time defines the time required that it takes to get the job done. Basically a time frame is acquired by the project management to have the job completed in a timely manner. Which then will be made into to two parts tasks and activities? A schedule is then set by the project manager of when they think the job should be done and also how long each task and activity should be. Cost depends on how long it takes to finish the project times the everyday cost also includes how much the work space, software, and hardware would be. They would develop a budget for replacing the old hardware with the new and monitor ongoing purchases. Quality depends on how good the final finishing results of the project and that they meet the expectation of the person in charge. Risk is the things that can happen during the completion of the project. Problems like this might prevent the project from accomplishing the goals by being more cost efficient and time consuming, lowering the quality the projects outputs, or just plain old mess the whole project up from getting done.

What considerations must be applied when selecting projects that deliver the best business value?

When selecting projects make sure that they have the best...