Assignment Task: Please provide (3) Critiques to the below discussion. If you use references, please provide them.
In project management, the three principles to establish is cost, quality, and time. Cost represents the number of resources or money that you have at your disposal, and the cost impacts the quality of the finished product. Quality in project management represents the product or service fit for purpose, meaning that the final product accomplishes the task and how well. Time represents how long you have to deliver the final product, this could highly affect the quality or maybe even cost if the product needs an expedited turn-around. When using the Project management triangle, you can visualize the relationship between each constraint and the impact of prioritizing one over the other (Morrison, 2017).
Cost, quality, and time are all important aspects involved in business management. However, prioritization plays a role based on the stakeholder's goal. My choice of constant to prioritize or make fixed is the cost because the cost manipulates the quality and development speed of the product. Any stakeholder would want to have all three, unfortunately this is not possible. An article, A Project Management Primer: Basic Principles - Scope Triangle states, "The normal situation is that one of the three constraints is fixed and the other two will vary in inverse proportion to each other. For example, time is often fixed and the quality of the end product will depend on the cost or resources available. Similarly, if you are working to a fixed level of quality then the cost of the project will largely be dependent upon the time available"(Jenkins, 2022). I believe it is easier to cut the functionality of the product, as long as it stays "fit for purpose". Additional functionality can always go into the next release (Jenkins, 2022).
Project management consulting is communication and projecting the stakeholder's vision into existence. A good project manager will do their due diligence and research the company's previous project, financial situation, and the working environment in to mitigate potential problems. A project manager also brings valuable knowledge and skills that make them worth the investment, not only are they responsible for implementing project management plans for the successful execution of projects (Kelley, 2022). But they are also responsible for delivering projects within the requirements of the stakeholder, solutions, functional, non-functional, etc.