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Managing Project Risks and Resource Constraints: Case Studies in Electronics Manufacturing and Online Shopping Development

This document analyzes case studies on risk management and resource constraints in project management.

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    Managing Project Risks and Resource Constraints: Case Studies in Electronics Manufacturing and Online Shopping Development Discussion Question #1: As a project manager for an electronics manufacturer, you are supposed to design a new, low - cost MP3 player in three months’ time working with a team of three technicians. Because outcome, schedule, and resources are all interrelated, what are some options you might consider if you suddenly lose two of your technicians? (p. 24 Project Management Textbook) Discussion Question #2: As a project manager of a new team that’s developing an online shopping site for a traditional department store, you have been asked to calculate how much your team will spend on user testing in the next 12 months. Your team has never conducted user testing, so this is an unknown. How might you respond effectively to this unknown? (p. 54 – 55 Project Management Textbook) Discussion Question #1: As a project manager for an electronics manufacturer, you are supposed to design a new, low - cost MP3 player in three months’ time working with a team of three technicians. Because outcome, schedule, and resources are all interrelated, what are some options you might consider if you suddenly lose two of your technicians? (p. 24 Project Management Textbook) As per triple constraint theory, the main attributes in any project are scope, time and cost. Varying and changing any of these constraints affects the project quality and delivery. Suppose, in a project the scope of requirements is changed and increased, then it will affect in increase in the duration to complete the project and thus adding to more resources and cost for the project (Pamela McGhee, Peter McAliney. 20 0 7) . Similarly, any changes in the time with respect to the delivery of the project will have an impact on the scope and cost accordingly. If the project needs to be delivered before timelines, then the resources needs to be added in or scope needs to be reduced, so that the basic functionality of the projects are delivered on time (Michael W. Newell, Marina N. Grashina. 2004) . The time constraint refers to the amount of time available to complete a project. The cost constraint refers to the budgeted amount available for the project. The scope constraint refers

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