The document discusses project management and provides information on key concepts. It begins by defining a project and the goals of project management. It then covers the project life cycle, knowledge areas, and reasons for project failure. The document emphasizes that project management ensures projects are delivered on time, within budget, and meet requirements to provide value. It summarizes several approaches, methodologies, and principles for effective project management.
This document provides an overview of the Projects and Operations Management course. The course code is 3.2 and is worth 4 credits. Module 1 covers the definition of a project, the five phases of project management including initiation, planning, execution, monitoring and controlling, and closing. It also discusses the differences between project management and operations management. Key aspects of project management are defined, such as the role of the project manager in recruiting a team, motivating them, controlling finances, responding to change, and communicating. The five phases of a project management lifecycle are described in detail.
This document discusses project management roles and scope management. It begins by outlining the roles and responsibilities of a project manager, including scope planning, definition, verification and control. It then discusses the need for construction project management due to potential conflicts between objectives and constraints. The key functions of project management for construction are specified, including directing resources to achieve objectives, specifying plans, efficient resource use, implementation, and conflict resolution. Principles of project management are also outlined, such as having a clear project structure and goals. The document concludes by discussing verification and control project management stages.
This document outlines the course objectives and units for a Project Management course. The course aims to develop skills for planning, managing, and delivering successful software projects. The key objectives are to manage projects through each stage of the software development life cycle, learn activity planning and risk management, and deliver projects that support organizational goals. The first unit covers project evaluation, planning, methodologies, objectives setting, risk evaluation, and stepwise project planning. It includes topics such as importance of software project management, project portfolio management, and cost-benefit evaluation.
This document outlines the course objectives and units for a Project Management course. The course aims to teach students to plan, manage, and deliver successful software projects throughout the software development lifecycle. The first unit covers evaluating and planning projects, including importance of project management, methodologies, project categorization, setting objectives, risk evaluation, and stepwise project planning. Additional details are provided on project phases, stakeholders, management skills, and challenges with software projects.
This document provides information on projects and project management. It defines a project as a temporary endeavor undertaken to create a unique product or service. It discusses key project management concepts like the project life cycle, which includes phases like initiation, planning, execution, monitoring and control, and closure. It also describes important project management tools like the project charter, work breakdown structure, schedule and budget that help define the scope, time, and costs of a project.
This document provides an overview of project planning and control concepts including the key elements of a project management syllabus. It discusses project definition, identification, feasibility analysis, location, layout, scheduling, cost control, quality control, financing, budgeting, and organization. It defines projects as temporary endeavors with unique goals and characteristics such as objectives, life cycles, uniqueness, teamwork, complexity, risk, customer focus, and changes. Project management is described as applying skills and techniques to meet stakeholder needs and expectations by planning, organizing, controlling, and measuring activities to balance scope, time and cost constraints.
The document discusses key aspects of project management including:
- Defining a project and its attributes such as having a unique purpose, being temporary, requiring resources, and involving uncertainty.
- Explaining the triple constraints of project management as scope, time, and cost goals and how project managers must balance these competing constraints.
- Describing the project management framework which includes stakeholders, knowledge areas like scope, time and cost management, and tools such as Gantt charts that assist project teams.
This document provides an overview of project management concepts including:
- The definition of a project, project life cycle, characteristics of projects, and tools and techniques used for project management.
- Key aspects of project management like project identification, scope, deliverables, team, and the role of the project manager.
- The project life cycle involves initiation, planning, execution, and closure to complete a project on time and on budget.
- Effective project managers demonstrate leadership, task delegation, and communication skills to guide a project team to success.
Project Management and Control Techniquesssuser8e973a
This document provides an overview of key topics related to project management. It discusses the meaning and definitions of projects, including their objectives and characteristics. The different phases of the project life cycle are outlined, from concept stage through completion stage. Methods of project scheduling like PERT and CPM are mentioned. The importance of project identification, capital budgeting, generating project proposals, and project reports are covered. Factors in project analysis, evaluation and selection, financing, and implementation are also summarized.
The document provides an overview of project management. It defines what a project is, lists key project characteristics, and describes the role of a project manager. It also outlines several important aspects of project management including the project life cycle, key management areas like scope, time and cost management, and factors for project success and failure.
This document provides an introduction to fundamentals of project management. It defines what constitutes a project, including that projects are temporary endeavors with defined start and end times undertaken to achieve unique goals. The document outlines key project features like objectives, resources, life cycles, and risks. It distinguishes projects from programs and defines project management as planning, controlling, and executing projects to ensure successful delivery. Benefits of project management include improved chances of achieving goals, prioritized resource use, and increased customer satisfaction.
This document provides an overview of software project management. It discusses key topics like the project life cycle, stakeholders, tools and techniques, and challenges of software projects. Several studies found that 31-53% of IT projects were cancelled or over budget. Effective project managers balance scope, time and costs, use proven techniques, and have both technical and soft skills. Projects require defining goals, planning, execution, closure and evaluation to deliver value.
This Presentation create a basic information and Idea about the Project Management Practices. The data was compiled from the reputed sources for better understanding.
Introduction to project management framework v2Qussay Karam
This document provides an introduction to project management. It discusses key concepts such as the definition of a project, project management framework, project life cycle, project constraints, project stakeholders, and the roles and responsibilities of a project manager. Specifically, it defines a project as a temporary endeavor with a definite start and end date, aimed at creating a unique product or service. It outlines the five process groups and thirteen knowledge areas that are part of the standard project management framework. Finally, it discusses the importance of managing stakeholder expectations and balancing competing project constraints like scope, schedule, budget and quality.
The document discusses the key concepts of project management. It defines a project as a temporary endeavor undertaken to create a unique product or service with defined start and end dates, funding limits, and resources. It also discusses the characteristics of projects, the differences between projects and regular operations, and the roles of projects. Additionally, it covers topics such as organizing project teams, managing stakeholders, schedules, budgets, quality, risks, and the typical project cycle.
Projects are temporary endeavors undertaken to create unique products, services or results. They differ from operations which sustain ongoing business work. Projects have defined beginnings and ends. The document discusses key attributes of projects including their objectives, resources, constraints of scope, time and cost, management approaches, and factors determining their success. Effective project managers balance competing demands to deliver projects on schedule and budget.
The document discusses various aspects of project management. It begins by defining what a project is - a unique set of coordinated activities with a start and end date, undertaken to achieve objectives within time, cost and resource constraints. It then discusses the key attributes of projects like objectives, timeframes, activities, resources, risks.
It explains the basic elements of a project - operations/activities, resources, and conditions/restraints. It discusses the three dimensions of project performance - scope, time and resources. It also covers the project life cycle phases of initiation, planning, execution, monitoring and closing. Finally, it provides details on various planning processes like developing the work breakdown structure, scheduling, estimating durations and resources.
A feasibility study analyzes the viability of a proposed project to determine if it is likely to succeed. It assesses if the project has sufficient resources, people and technology. It also determines the return on investment and risks. Benefits include helping project managers understand the pros and cons before investing in a project, and providing management crucial information to prevent risky ventures. A feasibility study may include a cash flow analysis, risk assessment, and determination of financial gains or benefits to society for non-profit projects.
This document provides an introduction to project management concepts. It outlines the course objectives which are to understand the role of project management and project managers in achieving project success. It also aims to comprehend project management concepts, tools, techniques and terminology according to PMI standards. The document discusses the need for project management, the project life cycle, and key roles like the project manager. It introduces core concepts like the triple constraints of time, cost and quality. Overall, the summary provides a high-level overview of fundamental project management principles covered in the introduction.
Projects require planning, organizing, and monitoring to ensure they are completed on time and within budget. Key aspects of project management include defining the project scope, identifying required tasks, estimating durations and resources, developing a schedule, assigning team roles and responsibilities, monitoring progress, and assessing outcomes for continuous improvement. Effective project managers apply skills such as communication, problem-solving, and people management to lead teams through a project life cycle from initiation to closure.
Introduction to international project managementprakashnachnani
This document provides an introduction to international project management. It defines what constitutes a project and lists key characteristics such as being temporary, having unique deliverables, and allowing for progressive elaboration. Projects are also purposeful, logical, structured, involve conflict and risk, and have limited resources. Typical project phases include initiation, definition, feasibility study, execution, and conclusion. Key project management activities involve planning, scheduling, and controlling. Common problems include poor planning, lack of leadership, unclear requirements, and missed deadlines. Project types can be manufacturing, construction, management, or research oriented.
A project is a temporary endeavor with a defined start and end date, undertaken to create a unique product or service. It involves planning a sequence of interrelated activities and allocating resources to accomplish defined objectives within constraints. Project management is the application of knowledge, skills, tools, and techniques to project activities to meet project requirements. The key project management process groups are initiation, planning, execution, monitoring and control, and closure. Effective project managers need skills in areas like conflict resolution, flexibility, change management, planning, and negotiation.
The document discusses key aspects of project management including:
- Defining a project and its attributes such as having a unique purpose, being temporary, requiring resources, and involving uncertainty.
- Explaining the triple constraints of project management as scope, time, and cost goals and how project managers must balance these competing constraints.
- Describing the project management framework which includes stakeholders, knowledge areas like scope, time and cost management, and tools such as Gantt charts that assist project teams.
This document provides an overview of project management concepts including:
- The definition of a project, project life cycle, characteristics of projects, and tools and techniques used for project management.
- Key aspects of project management like project identification, scope, deliverables, team, and the role of the project manager.
- The project life cycle involves initiation, planning, execution, and closure to complete a project on time and on budget.
- Effective project managers demonstrate leadership, task delegation, and communication skills to guide a project team to success.
Project Management and Control Techniquesssuser8e973a
This document provides an overview of key topics related to project management. It discusses the meaning and definitions of projects, including their objectives and characteristics. The different phases of the project life cycle are outlined, from concept stage through completion stage. Methods of project scheduling like PERT and CPM are mentioned. The importance of project identification, capital budgeting, generating project proposals, and project reports are covered. Factors in project analysis, evaluation and selection, financing, and implementation are also summarized.
The document provides an overview of project management. It defines what a project is, lists key project characteristics, and describes the role of a project manager. It also outlines several important aspects of project management including the project life cycle, key management areas like scope, time and cost management, and factors for project success and failure.
This document provides an introduction to fundamentals of project management. It defines what constitutes a project, including that projects are temporary endeavors with defined start and end times undertaken to achieve unique goals. The document outlines key project features like objectives, resources, life cycles, and risks. It distinguishes projects from programs and defines project management as planning, controlling, and executing projects to ensure successful delivery. Benefits of project management include improved chances of achieving goals, prioritized resource use, and increased customer satisfaction.
This document provides an overview of software project management. It discusses key topics like the project life cycle, stakeholders, tools and techniques, and challenges of software projects. Several studies found that 31-53% of IT projects were cancelled or over budget. Effective project managers balance scope, time and costs, use proven techniques, and have both technical and soft skills. Projects require defining goals, planning, execution, closure and evaluation to deliver value.
This Presentation create a basic information and Idea about the Project Management Practices. The data was compiled from the reputed sources for better understanding.
Introduction to project management framework v2Qussay Karam
This document provides an introduction to project management. It discusses key concepts such as the definition of a project, project management framework, project life cycle, project constraints, project stakeholders, and the roles and responsibilities of a project manager. Specifically, it defines a project as a temporary endeavor with a definite start and end date, aimed at creating a unique product or service. It outlines the five process groups and thirteen knowledge areas that are part of the standard project management framework. Finally, it discusses the importance of managing stakeholder expectations and balancing competing project constraints like scope, schedule, budget and quality.
The document discusses the key concepts of project management. It defines a project as a temporary endeavor undertaken to create a unique product or service with defined start and end dates, funding limits, and resources. It also discusses the characteristics of projects, the differences between projects and regular operations, and the roles of projects. Additionally, it covers topics such as organizing project teams, managing stakeholders, schedules, budgets, quality, risks, and the typical project cycle.
Projects are temporary endeavors undertaken to create unique products, services or results. They differ from operations which sustain ongoing business work. Projects have defined beginnings and ends. The document discusses key attributes of projects including their objectives, resources, constraints of scope, time and cost, management approaches, and factors determining their success. Effective project managers balance competing demands to deliver projects on schedule and budget.
The document discusses various aspects of project management. It begins by defining what a project is - a unique set of coordinated activities with a start and end date, undertaken to achieve objectives within time, cost and resource constraints. It then discusses the key attributes of projects like objectives, timeframes, activities, resources, risks.
It explains the basic elements of a project - operations/activities, resources, and conditions/restraints. It discusses the three dimensions of project performance - scope, time and resources. It also covers the project life cycle phases of initiation, planning, execution, monitoring and closing. Finally, it provides details on various planning processes like developing the work breakdown structure, scheduling, estimating durations and resources.
A feasibility study analyzes the viability of a proposed project to determine if it is likely to succeed. It assesses if the project has sufficient resources, people and technology. It also determines the return on investment and risks. Benefits include helping project managers understand the pros and cons before investing in a project, and providing management crucial information to prevent risky ventures. A feasibility study may include a cash flow analysis, risk assessment, and determination of financial gains or benefits to society for non-profit projects.
This document provides an introduction to project management concepts. It outlines the course objectives which are to understand the role of project management and project managers in achieving project success. It also aims to comprehend project management concepts, tools, techniques and terminology according to PMI standards. The document discusses the need for project management, the project life cycle, and key roles like the project manager. It introduces core concepts like the triple constraints of time, cost and quality. Overall, the summary provides a high-level overview of fundamental project management principles covered in the introduction.
Projects require planning, organizing, and monitoring to ensure they are completed on time and within budget. Key aspects of project management include defining the project scope, identifying required tasks, estimating durations and resources, developing a schedule, assigning team roles and responsibilities, monitoring progress, and assessing outcomes for continuous improvement. Effective project managers apply skills such as communication, problem-solving, and people management to lead teams through a project life cycle from initiation to closure.
Introduction to international project managementprakashnachnani
This document provides an introduction to international project management. It defines what constitutes a project and lists key characteristics such as being temporary, having unique deliverables, and allowing for progressive elaboration. Projects are also purposeful, logical, structured, involve conflict and risk, and have limited resources. Typical project phases include initiation, definition, feasibility study, execution, and conclusion. Key project management activities involve planning, scheduling, and controlling. Common problems include poor planning, lack of leadership, unclear requirements, and missed deadlines. Project types can be manufacturing, construction, management, or research oriented.
A project is a temporary endeavor with a defined start and end date, undertaken to create a unique product or service. It involves planning a sequence of interrelated activities and allocating resources to accomplish defined objectives within constraints. Project management is the application of knowledge, skills, tools, and techniques to project activities to meet project requirements. The key project management process groups are initiation, planning, execution, monitoring and control, and closure. Effective project managers need skills in areas like conflict resolution, flexibility, change management, planning, and negotiation.
"Feed Water Heaters in Thermal Power Plants: Types, Working, and Efficiency G...Infopitaara
A feed water heater is a device used in power plants to preheat water before it enters the boiler. It plays a critical role in improving the overall efficiency of the power generation process, especially in thermal power plants.
🔧 Function of a Feed Water Heater:
It uses steam extracted from the turbine to preheat the feed water.
This reduces the fuel required to convert water into steam in the boiler.
It supports Regenerative Rankine Cycle, increasing plant efficiency.
🔍 Types of Feed Water Heaters:
Open Feed Water Heater (Direct Contact)
Steam and water come into direct contact.
Mixing occurs, and heat is transferred directly.
Common in low-pressure stages.
Closed Feed Water Heater (Surface Type)
Steam and water are separated by tubes.
Heat is transferred through tube walls.
Common in high-pressure systems.
⚙️ Advantages:
Improves thermal efficiency.
Reduces fuel consumption.
Lowers thermal stress on boiler components.
Minimizes corrosion by removing dissolved gases.
ELectronics Boards & Product Testing_Shiju.pdfShiju Jacob
This presentation provides a high level insight about DFT analysis and test coverage calculation, finalizing test strategy, and types of tests at different levels of the product.
π0.5: a Vision-Language-Action Model with Open-World GeneralizationNABLAS株式会社
今回の資料「Transfusion / π0 / π0.5」は、画像・言語・アクションを統合するロボット基盤モデルについて紹介しています。
拡散×自己回帰を融合したTransformerをベースに、π0.5ではオープンワールドでの推論・計画も可能に。
This presentation introduces robot foundation models that integrate vision, language, and action.
Built on a Transformer combining diffusion and autoregression, π0.5 enables reasoning and planning in open-world settings.
The Fluke 925 is a vane anemometer, a handheld device designed to measure wind speed, air flow (volume), and temperature. It features a separate sensor and display unit, allowing greater flexibility and ease of use in tight or hard-to-reach spaces. The Fluke 925 is particularly suitable for HVAC (heating, ventilation, and air conditioning) maintenance in both residential and commercial buildings, offering a durable and cost-effective solution for routine airflow diagnostics.
Lidar for Autonomous Driving, LiDAR Mapping for Driverless Cars.pptxRishavKumar530754
LiDAR-Based System for Autonomous Cars
Autonomous Driving with LiDAR Tech
LiDAR Integration in Self-Driving Cars
Self-Driving Vehicles Using LiDAR
LiDAR Mapping for Driverless Cars
2. • UNIT I
Introduction to Software Project Management: Introduction to project management, software project
characteristics, project life cycle models( ch 4), project stakeholders, project constraints, role of
project manager.
• UNIT II
Project Planning and Estimation: Project initiation, scope definition, work breakdown structure
(WBS),(ch 3) estimation techniques (e.g., COCOMO, Function Points),(ch 5) scheduling techniques
(e.g., PERT, Gantt charts)(ch 3, 7),resource allocation(chp 8 bob), project budgeting(ch 5).
• UNIT III
Project Execution and Control: Project execution methodologies (e.g., Agile, Waterfall), team
organization and roles(ch 12), project tracking and control(bob ch 9), change management(ch 9),
configuration management(ch 9), quality assurance( ch 13), risk identification and mitigation(ch 7).
• UNIT IV
Project Communication and Stakeholder Management(ch 10,13 schwalbe): Effective communication
strategies, stakeholder identification(SHCWLABE 13) and analysis, managing conflicts, negotiation
skills, project reporting, status meetings, customer relationship management.
2
3. Textbooks:
1. Kathy Schwalbe, "Information Technology Project Management", 9th Edition, Cengage Learning,
2020.
2. Bob Hughes and Mike Cotterell, "Software Project Management", 6th Edition, McGraw-Hill
Education, 2018.
References:
1. Roger S. Pressman and Bruce R. Maxim, "Software Engineering: A Practitioner's Approach", 8th
Edition,McGraw-Hill Education, 2014.
2. Norman F. Schneidewind, "Software Measurement and Estimation: A Practical Approach", Wiley-
IEEE Computer Society Press, 2006.
3. Scott Berkun, "Making Things Happen: Mastering Project Management", O'Reilly Media, 2008.
3
4. Why is Software Project Management
important?
Large amounts of money are spent on ICT
e.g. UK government in 2003-4 spent £2.3 billions on contracts for
ICT and only £1.4 billions on road building.
Project often fail
Standish Group claim only a third of ICT projects are successful,
82% were late and 43% exceeded their budget.
Poor project management a major factor in these failures
5. What is a project?
Some dictionary definitions:
• A specific plan or design.
• A planned undertaking
• A large undertaking.
6. What is a Project?
• An endeavor with specific objectives:
Usually consists of multiple tasks
With defined precedence relationships
With a specific time period for completion
• Non-Software Examples:
A wedding
An MBA degree
A house construction project
A political election campaign
7. 7
Jobs versus projects
Jobs – repetition of very well-defined and well understood tasks with
very little uncertainty.
Exploration – e.g. finding a cure for cancer: the outcome is very
uncertain
Projects – in the middle!
8. 8
Characteristics of projects
A task is more ‘project-like’ if it is:
• Non-routine
• Planned
• Aiming at a specific target
• Carried out for a customer
• Carried out by a temporary work group
• Involving several specialisms
• Made up of several different phases
• Constrained by time and resources
• Large and/or complex
9. Software project versus others
• Invisibility, progress in software project is not immediately visible.
• Complexity.
• Conformity, software system has to conform to the requirement of human
clients.
• Flexibility, one strength of software is its flexible and easy to change.
9
10. 10
Activities covered by Software Project Management
Feasibility study
Is project technically feasible and worthwhile from a business point of view?
Planning
Only done if project is feasible
Execution
Implement plan, but plan may be changed as we go along
11. What is Project Management?
• Project Management is the discipline of planning, organizing,
motivating, and controlling resources to achieve specific goals
• Project management is a methodical approach to planning and
guiding project processes from start to finish.
11
12. Key project management responsibilities include
Creating clear and realistic project objectives
Building project requirements
Managing the triple constraint for projects, which is cost, time, and
scope
• The Triple Constraint
The scope constraint refers to what must be done to produce the project's
end result
The time constraint refers to the amount of time available to complete
a project?
The cost constraint refers to the budgeted amount available for
the project
• It is the project manager’s duty to balance these three often competing goals
13. Suggested Skills for Project Managers
• Project managers need a wide variety of skills.
Comfortable with change
Understand the organizations they work in
Able to lead teams to accomplish project goals
Need both “hard” and “soft” skills
• Hard skills - product knowledge, knowing the various PM tools and
techniques
• Soft skills - being able to work with people
13
15. • The objective of every project manager is to deliver the product on time,
within budget and with the required quality.
• Responsibilities of a project manager will vary from company to company
and from project to project, they should always include planning and
forecasting.
• Three additional areas of management responsibility are:
Interpersonal responsibilities:
Leading the project team
Liaising with initiators, Senior management and suppliers
Being the 'figurehead' i.e. setting the example to the project team and
Representing the project on formal occasions.
15
The Role of The Project Manager
16. Informational responsibilities:
Monitoring the performance of staff and the implementation of the
project plan
Disseminating information about tasks to the project team
Disseminating information about project status to initiators and senior
management
Acting as the spokesman for the project team.
• Decisional responsibilities:
Allocating resources according to the project plan, and adjusting those
allocations when circumstances dictate.
Handling disturbances to the smooth progress of the project such as
equipment failures and personnel problems.
16
17. Project Manager Job Description
• Project managers are organized, passionate, and goal-oriented individuals
who drive business results by leading projects.
• They are also change agents who work well under pressure and enjoy
challenging work environments.
• Project managers “smoothly link management, clients and staff to keep
projects rolling.
• Responsibilities include business analysis, requirements gathering, project
planning, budget estimating, development, testing, and implementation.
• Responsible for working with various resource providers to ensure
development is completed in a timely, high-quality, and cost-effective
manner.
19. 19
ISO 12207 life-cycle
Requirements analysis
Requirements elicitation: what does the client need?
Analysis: converting ‘customer-facing’ requirements into equivalents
that developers can understand
20. 20
ISO 12207 life-cycle
• Architecture design
– Based on system requirements
– Defines components of system:
• Code and test
– Of individual components
• Integration
– Putting the components together
21. 21
ISO12207 continued
• Qualification testing
– Testing the system (not just the software)
• Installation
– The process of making the system operational
– Includes setting up standing data, setting system parameters, installing on
operational hardware platforms, user training etc
• Acceptance support
– Including maintenance and enhancement
22. What is Management?
• Management involves the following activities:
● Planning – deciding what is to be done
● Organizing – making arrangements
● Staffing – selecting the right people for the job etc.
● Directing – giving instructions
● Monitoring – checking on progress
● Controlling – taking action to remedy hold-ups
● Innovating – coming up with new solutions
● Representing – liaising with clients, users, developer, suppliers and other
stakeholders.
22
23. • Project planning is an important responsibility of the project manager.
• During project planning, the project manager needs to perform a few well-
defined activities.
Estimation The following project attributes are estimated.
Cost How much is it going to cost to complete the project?
Duration How long is it going to take to complete the project?
Effort How much effort would be necessary for completing the project?
Scheduling Based on estimations of effort and duration, the schedules for
manpower and other resources are developed.
Staffing Staff organization and staffing plans are made.
Risk Management This activity includes risk identification, analysis, and
abatement planning.
Miscellaneous Plans This includes making several other plans such as
quality assurance plan, configuration management plan, etc
23
24. Project Management Processes
24
In the project initiation stage, an initial plan is made.
As the project starts, the project is executed and controlled to proceed as
planned.
Finally, the project is closed.
25. 25
Stakeholders
These are people who have a stake or interest in the project
In general, they could be users/clients or developers/implementers
They could be:
Within the project team
Outside the project team, but within the same organization
Outside both the project team and the organization
26. Project Constraints
• Every project is constrained in different ways, by its scope, time, and cost
goals.
• These limitations are referred to as the triple constraint.
• To create a successful project, a project manager must consider scope, time,
and cost and balance these.
Scope:
What work will be done as part of the project?
What unique product, service, or result does the customer or sponsor
expect from the project?
26
27. Time:
How long should it take to complete the project?
What is the project’s schedule?
How will the team track actual schedule performance?
Who can approve changes to the schedule?
Cost:
What should it cost to complete the project?
What is the project’s budget?
How will costs be tracked?
Who can authorize changes to the budget?
Each area—scope, time, and cost—has a target at the beginning of the project.
27
28. • Managing the triple constraint involves making trade-offs between scope,
time, and cost goals for a project.
• For example, you might need to increase the budget for a project to meet
scope and time goals.
• Alternatively, you might have to reduce the scope of a project to meet time
and cost goals.
• Experienced project managers know that you must decide which aspect of
the triple constraint is most important.
• If time is most important, you must often change the initial scope and cost
goals to meet the schedule. If scope goals are most important, you may need
to adjust time and cost goals.
28
29. • Although the triple constraint describes how the basic elements of a project
interrelate, other elements can also play significant roles.
• Quality is often a key factor in projects, as is customer or sponsor
satisfaction.
• Some people, refer to the quadruple constraint of project management, which
includes quality as well as scope, time, and cost.
• A project team may meet scope, time, and cost goals but might fail to meet
quality standards and satisfy the sponsor.
30. • Other factors might also be crucial to a particular project.
• On some projects, resources are the main concern.
– For example, the entertainment industry often needs particular actors for
movies or television shows. Project goals must be adjusted based on
when particular people are available.
30