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Describe the five factors that may limit how fast a project can be completed. Give an example of each.

Sagot :

Answer:

Logical order, activity duration, resource availability, imposed dates, and cash flow are the five factors that may slow down the completion of a project.

Explanation:

  1. The order in which activities should be completed is known as logical order. You wouldn't put down new carpet before removing the old one. As a result, the logical order is for the predecessor activity to come first, followed by the successor activity.
  2. The total number of work periods required to complete a scheduled activity (excluding holidays and other nonwork periods) is known as activity duration. By identifying the right people for the job and discussing the time frame of each activity with them, you can figure out how long each activity should take.
  3. The availability of resources, such as workers, to complete a project is referred to as resource availability. Obtaining commitments for equipment and workers in a project prevents days of no work from occurring. It is necessary to stick to a strict schedule.
  4. Imposed dates are deadlines for completing specific parts of a project. Perhaps your permit is only valid for 30 days. If this is the case, you must complete your project within the specified time frame. This date was not chosen; it was imposed by the permit.
  5. The term "cash flow" refers to the money that comes in from the financial backer as well as the money that goes out to the employees and subcontractors. If there is a cash flow problem on either end of the transaction, it can affect the entire project. Workers will not continue to work if they are not paid on time, and a project may be abandoned.

Source:

  • Describe the five factors that may limit how fast a project can be completed. Give an example of each (Course Hero).

adioabiola

The five factors that may limit how fast a project can be completed are:

  • Logical order
  • Availability of resources
  • Cash flow rate
  • Activity duration
  • Imposed date

Explanation:

  • The order of arrangement in which activities should be completed is known as logical order. If the logical order isn't right, this may limit how fast the project can be completed.
  • The total number of work hours required to complete a scheduled activity is known as activity duration. Upon identifying the right people for the job and discussing the time frame of each activity with them, you can figure out how long each activity should take.
  • The availability of resources, such as skilled and unskilled labour, to complete a project is referred to as resource availability.

  • Imposed dates are deadlines for completing specific parts of a project. At times, the permit is only valid for 20 days.

  • Cash flow otherwise known as working capital refers to the money that comes in from the source of finances as well as the money that goes out to the employees and subcontractors. If there is a cash flow problem on either end of the transaction, the entire project may be affected.

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