Sales and Inventory Assignment

Sales and Inventory Assignment Words: 390

Project Schedule Constraints and Assumptions When you prepare your project plan, you may be faced with factors that have a negative impact on the project and your planning activities. Two such factors are project constraints and assumptions. Project constraints and assumptions can be a source of frustration for the project team, especially when the constraints are too stringent and the assumptions invalid. To reduce frustration and enhance efficiency you need to carefully manage constraints and assumptions as you prepare the project schedule.

Constraints Constraints, as inputs to schedule development, are factors that limit the project management team’s options. There are two main types of constraints that project managers must consider when developing the project schedule: imposed dates and major milestones. Imposed dates – Completing certain deliverables by a specific date may be required by project sponsors, customers, or other stakeholders. Major milestones – You may also be asked to complete a certain phase or aspect of the project by a certain date.

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These dates will act as constraints, requiring you to make decisions to see that imposed dates and milestones are reached on time. Assumptions PMBOK defines assumptions as, “factors that, for planning purposes, will be considered to be true, real, or certain. ” Project managers must often make assumptions in planning the various stages of a project. Assumptions generally involve a degree of risk, therefore they must be carefully monitored during a project’s life cycle.

Consider this example. Tell-4-Funds, a telemarketing company, has recently been contracted by a client to lead a national fundraising campaign. The client would like to have the campaign finished in three weeks, in order to begin the next phase of its long-term plan. Tell-4-Funds has just begun the project’s schedule development. It has made the assumption that the telemarketers can create the calling lists in two days and begin calling people on the third day.

Project managers use the process of project schedule development to determine realistic start and finish dates and to ensure their project is finished on time. Most constraints can be overcome with proper planning and, in many instances, assumptions can be verified, at least to some degree. Understanding how proposed constraints and assumptions affect the project schedule will reduce frustration while helping to keep your project on time and within budget.

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Sales and Inventory Assignment. (2021, Sep 10). Retrieved November 5, 2024, from https://anyassignment.com/management/sales-and-inventory-assignment-58533/