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PRM3701 Assignment 2 Semester 2 2025 (Comprehensive Answers) Due October 2025

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PRM3701
Assignment 2
Semester 2 2025
Due October 2025

, PRM3701

Assignment 2

Semester 2 2025

Due October 2025



Question 1




1.1 What are the key factors for successful project management?


1. Clear Objectives and Scope – A well-defined scope ensures that goals and
deliverables are unambiguous, preventing scope creep and confusion (Kerzner,
2017).

2. Effective Communication – Open, timely, and structured communication keeps
stakeholders aligned and reduces misunderstandings (Turner, 2016).

3. Resource Allocation and Competency – Adequate financial, human, and
technological resources, combined with skilled personnel, ensure efficient project
execution (PMI, 2021).

4. Stakeholder Engagement – Active involvement of stakeholders throughout the
project lifecycle encourages ownership and minimizes resistance (Bourne, 2015).

5. Risk Management and Monitoring – Anticipating risks and monitoring them
throughout the project strengthens resilience and adaptability (Hillson, 2017).

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