Project Management

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You are required to answer 2 of the following 4 questions. All questions carry equal marks. Each question has a word count of 1500 words with a 10% leeway. The total page count for this assessment is 9 pages, whichever limit comes first.

For each of the questions, you will need to begin by discussing the theory and providing a critique to its effectiveness. You will need to utilise real-world case examples and theoretical models in your discussion. It is vital that you consult a range of academic resources and identify suitable practical examples in answering your selected question.

1. An important element of Project Management is focusing on ensuring that there is continued business justification. Discuss what this means and what tools are available to assess this. Why is this important and how does this feed into project success?

2. Thinking about recognised project methodologies, discuss what it means to be ‘managed by stages’. Expand upon how this is utilised in real world projects and how stages can help deliver success.

3. One of the key ideologies of project management is to have effective stakeholder management. Discuss the importance of this, why it is a key factor for projects, how it is applied today.

 

4. Risks pose a considerable threat to the overall success of project. Discuss what tools exist for the management of risk and how this helps remedy and manage the risk associated with projects.

 

Notes:
• The word count excludes the words used in any tables, charts or diagrams.
• References must use the Harvard referencing system.
• Usage of real world examples is vital.
• You need to ensure that there is appropriate application of theory to real world practice.
• Minimum font size is 10.5. Standard margins of 1cm on all sides.

 

 

 

 

 

Sample Solution

The high cost of prescription drugs not only negatively affects the clinical world but it causes the economy to suffer as well.  Many Americans today currently have coverage for drugs through Medicare drug benefit and the Patient Protection and Affordable Care Act where more drug expenses have been seen. The private insurers have also increased several aspects of purchasing drugs such as increasing deductibles, increasing co-payments, and even added a payment tier. The payment tier is only for particular specialty drugs where individuals are required to pay co-insurance instead of regular co-payment. All of these implications have helped slow the long-term growth of medical expenses but in doing so we have lost the use of effective medications. Many individuals in American admit to not taking their prescription drugs as they were told to because they simply cannot afford them. In other studies, patients were prescribed a more expensive brand name drug rather than the cheaper generic drug and there was less compliance seen. As a consequence, “Nonadherence due to all causes has been established to contribute to $105 billion unavoidable health care costs annually” (Kesselheim et al).

Another consequence includes the use of coupons to reduce the price for drug costs which may initially seem like a good idea but in the end increases healthcare spending. The use of coupons will most likely leave the insurer choosing the higher priced drug. This has become rather common for the costly brand name drugs even when there’s less expensive generic drug alternatives available.
Within healthcare budgets, many components within often have to be decre

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