J Company is a retailer of fashion goods operating in a highly competitive market place. The Board of the company has given the go-ahead to redesign the company's website to make it more convenient for customers to use
Analyse the strategies available to J Company to address the issue of time, cost and quality in the website project.
The successful accomplishment of the project objective is frequently constrained by time, cost and quality factors. Time and cost tend to be positively correlated in projects (i.e. when time enhances so does cost) as taking longer to complete a project usually means that human resources are needed for longer.
Project decisions on the strategies to execute are difficult as they will often need a trade off of cost, time and quality. For instance getting the project back on time may require extra resources and therefore additional costs or a compromise on the original scope. Decreasing excess expenditure may mean using fewer or lower quality resources which may again affect the overall scope and performance of the final project.