The Triple Constraint of Project Management" Please respond to the following:
Briefly explain in your own words the relationship between each element of the triple constraint of project management.
Then, determine whether or not you believe it is important to understand the triple constraint to be an efficient project manager. Justify your response.
Classmates:
"The Triple Constraint of Project Management" Please respond to the following:
Briefly explain in your own words the relationship between each element of the triple constraint of project management. Then, determine whether or not you believe it is important to understand the triple constraint to be an efficient project manager. Justify your response.
According to the textbook, "every project is constrained in different ways, often by its scope, time, and cost goals" those three constraints are often referred to as the triple constraints of project management. If one as a project manager is able to balance each aspect of the triple constraints, the project is to be a quality project, but more often than not, it is not was simply said.
To create a balance between the three becomes impossible, and more often than not project managers end up settling for two out of the three. Scope refers to the functional elements that, when completed, make up the end deliverable for the project; Time refers to the actual time required to produce a deliverable; and cost is the estimation of the amount of money that will be required to complete the project.
In a perfect world the delivered project will be good, cheap and fast, but in reality we will most likely endo up picking two of them This is called as the pick two concept, and refers to that in any set of three desired qualities, only two can be delivered. If, for example, clients want to keep the budget low, the product is likely to take longer or be of lower quality.