MGT437r3RMFW2 - MGT 437 Project Management MGT 437 Week Two...

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MGT 437 Project Management MGT 437 Week Two PROJECT PLANNING – TECHNICAL Project Organization, Requirements, Schedule, and Budget The project requirements form the foundation upon which the balance of the project is built. Consider you are taking a family vacation and you have a sum of $2000 to spend and a week of time off. Can you simply take off with no controls on where you are going or which activities you plan to participate in? How long can you stay at each location? What if during the vacation you decide to add a side trip to a major theme park that was not in your original plans? Can the original plan become risky to complete with the added trip? Is it in the budget and do you have the time? Project Managers have a similar situation. They usually have a defined funding allotment and a defined time frame to complete their project. If activities are added to the project and are not accounted for in the budget or scheduled, what will be the impact? By defining the requirements in a crisp, clear, and measurable way, a Project Manager has a viable chance of staying within the boundaries of the project. Requirements drive how long it will take to deliver a
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MGT437r3RMFW2 - MGT 437 Project Management MGT 437 Week Two...

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