PROJ 610 IWU The Impact Effort Matrix – Description
Introduction to Project Management
Getting Started
Throughout this course, you will have the opportunity to apply project management concepts to an integrative project. In this workshop, you will submit an overview of your project priorities in the form of a project priority matrix. These priorities will be based upon your stakeholder analysis from the previous workshop and will consider the project management triple constraint of scope, time, and cost.
Upon successful completion of this assignment, you will be able to:
Develop a project priority matrix.
Evaluate the triple constraint faced by project managers while balancing project priorities.
Resources
Textbook: Agile Fundamentals: A Comprehensive Guide to Using an Agile Approach
Textbook: PMP Exam Prep
Article: Project Priorities
Article: Impact Effort Matrix Reference Guide
Video: The Project Management Triple Constraint, and Why It Matters
Video: Kimberly Douglas Speaks on Impact vs. Effort
[Note: The inclusion of publicly accessible video links in your courses and program should be considered neither a recommendation nor endorsement of any products or services mentioned within them.]
Background Information
Now that you have a solid comprehension of the competing triple constraint that project managers must balance, you will create a project priority matrix for your integrative project. When considering your priorities of time, cost, and scope, you must decide which you will be constrained to—that is, which will be the factor you will have the least flexibility to accommodate changes to. You will also consider which you would enhance (or make better, if possible) and which you will accept (the factor with the least amount of priority, accepting any adjustments as needed to meet other priorities).
Once you have created a visualization of your priorities in a matrix (table), you will also include a brief written explanation of how your stakeholder analysis, industry, or type of project you are completing has influenced the project priorities. Finally, explain how your ability as a project manager to balance these competing constraints may impact the project’s success.
Instructions
Review the rubric to make sure you understand the criteria for earning your grade.
Review the following resources, as needed:
Agile Fundamentals: A Comprehensive Guide to Using an Agile Approach, Chapter 3: Value- Driven Delivery
PMP Exam Prep, Chapter 2: Framework- Project Selection
Article: “Project Priorities”
Article: “Impact Effort Matrix Reference Guide”
Videos:
“The Project Management Triple Constraint, and Why It Matters (3:09)
“Kimberly Douglas Speaks on Impact vs. Effort” (2:31)
Develop an Impact Effort Matrix for your project.
Time
Cost
Performance (Scope)
Explain why you are going to accept, enhance, or constrain each project criterion of the triple constraint for your project:
Formulate priorities based on your stakeholder analysis and any applicable knowledge of the industry or type of project selected. Include a brief written analysis of how your project priorities were shaped by these factors and how your ability, as a project manager, to balance these competing constraints may impact the project’s success.
All references and citations should be in APA format.
Review the APA Style page for information on how to cite sources and format citations and references properly.
You may also review the OCLS Evaluating Sources page to see the criteria for credible Internet research websites.
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