explain the first three stages in the life of a project in relation to SANRAL Mt Edgecombe’s project
Critical Path Method
The critical path is the longest succession of tasks that has to be successfully completed to conclude a project entirely. The tasks involved in the sequence are called critical activities, as any task getting delayed will result in the whole project getting delayed. To determine the time duration of a project, the critical path has to be identified. The critical path method or CPM is used by project managers to evaluate the least amount of time required to finish each task with the least amount of delay.
Cost Analysis
The entire idea of cost of production or definition of production cost is applied corresponding or we can say that it is related to investment or money cost. Money cost or investment refers to any money expenditure which the firm or supplier or producer undertakes in purchasing or hiring factor of production or factor services.
Inventory Management
Inventory management is the process or system of handling all the goods that an organization owns. In simpler terms, inventory management deals with how a company orders, stores, and uses its goods.
Project Management
Project Management is all about management and optimum utilization of the resources in the best possible manner to develop the software as per the requirement of the client. Here the Project refers to the development of software to meet the end objective of the client by providing the required product or service within a specified Period of time and ensuring high quality. This can be done by managing all the available resources. In short, it can be defined as an application of knowledge, skills, tools, and techniques to meet the objective of the Project. It is the duty of a Project Manager to achieve the objective of the Project as per the specifications given by the client.
NOT AN ESSAY
explain the first three stages in the life of a project in relation to SANRAL Mt Edgecombe’s project
![Read the case study and answer the following questions in your answer booklet.
A bridge to the economic mainstream
Road transport rules in Southern Africa: more than 85% of commercial transportation flows along
the roads of the region. The South African National Roads Agency's (SANRAL) network is a vital part
of this and the agency is committed to its role in strengthening regional integration. SANRAL is a
founding member of the Association of Southern African National Roads Agencies - ASANRA -
which facilitates the sharing of information and knowledge and has prioritised the improvement of
road safety standards across the Southern African Development Community (SADC).
Well-designed road infrastructure can contribute to the spatial transformation of South Africa,
affording historically marginalised areas access to the social and economic mainstream and serving
as a catalyst for growth. The Mt Edgecombe Interchange, at the intersection of the N2 and M41
north of Durban, is an excellent example of how new and expanded road infrastructure can unlock
economic value and create opportunity.
Opened during Transport Month 2018, this SANRAL project was hailed as an engineering
masterpiece. Its potential to support development is equally impressive. The immediate value of
the four-level interchange to the eThekwini metro was quite obvious, as it eased severe traffic
congestion caused by population growth and new residential developments in the Umhlanga and
La Lucia Ridge areas. Its wider importance lies in the fact that the M41 links coastal development in
the north of Durban to areas near Verulam, Tongaat and eGingindlovu. Important economic activity
in the fields of agriculture, agriprocessing and tourism depends on the quality of the M41 and its
linkages to the primary freeway network.
Equally significant is the convenient connection of these areas to King Shaka International Airport
and the adjacent Dube Cargo Terminal with its facilities for exporting fresh produce. The relocation
of Durban's main airport to the north of the city has elevated the importance of the N2 in respect
of the tourism, leisure, hospitality and commercial sectors.
O The Independent Institute of Education (Pty) Ltd 2021
Page 4 of 6
19; 20; 21
2021
Through its successful delivery on the Mt Edgecombe project, SANRAL has demonstrated that
quality roads, with safe access points and an interface with ports and markets, can make a critical
contribution to social integration, economic growth and balanced development.](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2Fe98bebf8-6484-4031-a206-08e121541026%2F237ce9b2-fd14-40a0-a897-a86acd2984a5%2Fx392vit_processed.jpeg&w=3840&q=75)
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