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This report answers the following questions - - As a business project management student, they are expected to understand the project planning process, making decision based on techniques, tools and strategies, and deploy the necessary techniques to achieve the over-all goal of the project. In view of this,they are required to answer the following tasks:
- 1.Critically discuss the relationship between the three primary objectives namely :time, cost and quality. Cite examples to illustrate the balance of these objectives(time/cost,quality/cost).
- 2. Critically evaluate the usefulness of the techniques used to demonstrate the balance of time, cost and quality in ensuring the success of the project:
- a. Critical Path Method(Time)
- b. Choose either of the following(Internal Rate of Return,Net Present Value, PaybackMethod)
- c. Total Quality Management
- 3. Critical appraise the advantages and disadvantages of each techniques mentioned in question no.2.
Description
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