2024W_1: EPM 1143-Project Resource Planning: Resources Management

Date: 23 Feb 2024 Name: Tarique Aziz

Topic: Reflective Journal 2 Student ID No: C0882880

HOW DO YOU THINK THE RESERVES HELP YOU IMPROVE THE POSSIBILTY
OF THE SUCCESS OF YOUR PROJECT
02 AUGUS 1787

The foundation of project management is not only reserves which serve as a safety net to guarantee
project success in the face of uncertainty but when you consider their function, they have an influence
on raising the possibility of the success of the project.

First of all, it provides as a safety net against unforeseen circumstances and hazards. Because projects
are by their very nature dynamic, unanticipated difficulties may still occur even with careful planning.
Project teams are able to tackle these difficulties without going over budget or causing delays in the
project's timeline when they have reserves for time, money, and resources. For example, setting aside
time for unanticipated events can allow for delays and yet meet project milestones.

Reserves always help us to produce high-quality results. By Meeting the deadlines very quickly or even
with working with limited resources can lead to the deliverables that are of very lower quality. Reserves
give teams the breathing room just for them to they need to concentrate on producing excellent work
without compromising standards. Reservists support the project's overall success by providing the
pursuit of excellence and reducing costs associated with extra testing, quality control procedures, and
training are to be done.

Adding more on it, reserves encourage the flexibility and the adaptation when executing the projects.
Project scope, requirements, and priorities frequently change in the fast-paced world of today. With
reserves, project managers may adapt to these changes and allocate resources again or can modify
schedules as necessary. The project team can remain in line with changing stakeholder expectations
thanks to this flexibility, which also reduces interruptions.

Reserves help to produce high-quality of results. Meeting all deadlines quickly or while working with
limited resources lead to deliverables that are having low quality. Reserves give teams the breathing
room they need that time on to produce excellent work without compromising a single standard.
Reservists people support the project's overall success by facilitating the pursuit of excellence and
reducing costs associated with extra testing, quality control procedures, and training.

Additionally, reserves encourage flexibility and adaptation when executing projects. Project scope, its
requirements, and the priorities frequently change in the fast-paced world of today. With the reserves,
project managers may adapt to these changes and reallocate resources or modify schedules as

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 2024W_1: EPM 1143-Project Resource Planning: Resources Management
necessary. The project team can remain in line with changing stakeholder expectations thanks to this
flexibility, which also reduces interruptions.

In summary, reserves are a critical thing to increasing the likelihood that a project will be succeeding
because they are providing a safety net against unforeseen circumstances in the project, it also
encourage flexibility, and for boosting stakeholder trust, to facilitate the production of high-quality
deliverables and results.

As I am advancing in the project management, I will be placing a high priority on the wishful distribution
of reserves and by making sure they are being used effectively to promote the success of the project and
the overcoming from the obstacles

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