Address the issue of time, cost, Project Management

Assignment Help:

J Company is a retailer of fashion goods operating in a highly competitive market place. The Board of the company has given the go-ahead to redesign the company's website to make it more convenient for customers to use

Analyse the strategies available to J Company to address the issue of time, cost and quality in the website project.

The successful accomplishment of the project objective is frequently constrained by time, cost and quality factors. Time and cost tend to be positively correlated in projects (i.e. when time enhances so does cost) as taking longer to complete a project usually means that human resources are needed for longer.

Project decisions on the strategies to execute are difficult as they will often need a trade off of cost, time and quality. For instance getting the project back on time may require extra resources and therefore additional costs or a compromise on the original scope. Decreasing excess expenditure may mean using fewer or lower quality resources which may again affect the overall scope and performance of the final project.  

 


Related Discussions:- Address the issue of time, cost

Developing a project management structure, Problem 1: Describe the seve...

Problem 1: Describe the seven Baldrige criteria 1. Leadership 2. Strategic planning 3. Customer and market focus 4. Measurement, analysis and knowledge management 5. Human r

Prepare a short notes on quality function deployment process, Question 1: ...

Question 1: Describe the concept of Cost of Quality briefly. What are the components of Cost of Quality? Concept of Cost of Quality Benefits Components of Cost

Project risk custodians , Project risk custodians  The quality risk fun...

Project risk custodians  The quality risk function is carried out by the project risk custodians. The responsibility of project risk custodians is to:    Integrate all po

Feasibility study for the exploitation of the oil reserves, Question: I...

Question: In the year 2015, the price of petrol has gone up so much that the oil reserves of the Republic of Mauritius start to look interesting to exploit. The oil reserves ar

Work breakdown structure, Work breakdown structure: The work breakdown ...

Work breakdown structure: The work breakdown structure, as its name suggests, represents an organised and logical break down of the project into its component parts. Thus break

Levels of strategy, Levels of strategy There are three levels of strate...

Levels of strategy There are three levels of strategy: Corporate strategy is the overall (grand) strategy for the organization as a whole. Business strategy refers to

Plan, Plan A plan is a blueprint or framework used to describe how an o...

Plan A plan is a blueprint or framework used to describe how an organization expects to achieve its goals. Planning is the process of developing plans or determining how best t

Discuss the sources of national competitive advantage, Porter's Diamond is ...

Porter's Diamond is a useful framework that can help an organisation in identifying the extent to which it can build on home based national advantages to create competitive benefit

What is working of definition phase in project management, What is the work...

What is the working of definition phase in the project management? Definition phase: After the project plan that developed into the initiation phase, has been approved, a

How do i organize and apply resources, Q. How do I organize and apply resou...

Q. How do I organize and apply resources? A. The first moreover most important step in the implementation phase is to re-visit the project plan (or the project brief) and to

Write Your Message!

Captcha
Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd