Question 1

In project management, the project life cycle provides a structured framework for the successful initiation, planning, execution, and closure of a project. Throughout this life cycle, effective stakeholder engagement is crucial for project success. By giving one example project in your industry, discuss how project stakeholder engagement played a critical role at different stages of the project life cycle, and how it impacted project outcomes.

Question 2

Accurate estimation of project timelines, costs, and resources is crucial for successful planning and execution of any projects. However, estimating these variables can be challenging, as projects often involve unique and complex factors. To address this challenge, project managers commonly employ estimation techniques such as analogous estimation and expert opinion.

(a)By giving an example, how can analogous and expert opinion estimation be utilised to estimate project timelines and costs in project management?

- Provide example with explanation

(b)Discuss the common challenges that project managers may encounter when using analogous estimation and expert opinion in project management.

- Point with explanation