Question

Usually talk about three factors that control a project - time, money and resources. How do you handle these factors in...

Usually talk about three factors that control a project - time, money and resources. How do you handle these factors in a traditional and agile project?

0 0
Add a comment Improve this question Transcribed image text
Answer #1

In a traditional project (waterfall model), the three factors usually are usually decided during the initial phase of the project. During the requirement creation and discussion phase, the cost, the duration and the required resources are discussed upon and confirmed. Only then the core project begins. Once that happens, the project team attempts to stick to the budget, timeline and use the resources mentioned in the discussion earlier.

In agile projects the approach to project management is comparatively different. In many cases, the documentation is not very detailed. As a result, these requirements of time, money and resources are comparatively loosely formed. For example, during the course of the project, there may be requirement for more resources in order to stay within the timeline. In such case, the project manager may acquire more resource and end up spending more. Activities such as project crashing are common. As a result, these factors are comparatively more likely to change in an agile project during the course of the project.

Add a comment
Know the answer?
Add Answer to:
Usually talk about three factors that control a project - time, money and resources. How do you handle these factors in...
Your Answer:

Post as a guest

Your Name:

What's your source?

Earn Coins

Coins can be redeemed for fabulous gifts.

Not the answer you're looking for? Ask your own homework help question. Our experts will answer your question WITHIN MINUTES for Free.
Similar Homework Help Questions
ADVERTISEMENT
Free Homework Help App
Download From Google Play
Scan Your Homework
to Get Instant Free Answers
Need Online Homework Help?
Ask a Question
Get Answers For Free
Most questions answered within 3 hours.
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT