![]() ![]() Cost Management: Performing this exercise allows you to plan a project’s overall budget, from estimating to financing to controlling costs.Time Management: This element enables the building of processes and schedules, and ensures time frames are realistic and achievable.Scope Management: This element helps focus a project’s scope, which in turn allows project managers and resource managers to plan and assign resources to it.Integration Management:The overarching plan of managing a project, which takes into account all schedules and process, and identifies the actual deliverables and scope of a project.The Project Management Institute publishes the text, A Guide to the Project Management Body of Knowledge (PMBOK ® Guide), which outlines these factors that help inform and shape the project triangle. Does the quality of a less-in depth web page suffer, or can it still be a high-quality page with reduced scope? These are questions a project manager must always consider and keep in mind during conversations with stakeholders and clients.Īnother set of guidelines that project managers can find helpful when weighing the triangle for their project is the “10 knowledge areas” of project management. ![]() However, there are varying views on this, as quality is subjective. The concept of “quality” is sometimes introduced as another factor in the project constraint triangle, or as a fourth “leg” in what would be a project diamond. In other words, a project manager can make these changes, but something’s got to give. A project manager may then need to move employees from the first project to the second, which affects either the scope of the first project, or the timeline, or both. In another case, a company may have two competing projects, but not enough staff to fully support both. The project management constraint triangle builds can help accommodate this shortened timeline: Add more resources (in the form of more people working on the project or other resources), or limited the content for this launch - perhaps there are fewer pages, or the design is more basic. The client may then realize that an important event is happening on August 15th, and decide those pages should launch two weeks earlier on the 15th. For example, if a client suddenly shortens a time frame, then a project will likely need more resources, or perhaps a scope reduction.įor example, let’s say that 10 people are working on creating and launching a microsite consisting of 25 web pages of copy by September 1st. ![]() The triangle comes into play when something affects one of its “legs.” If that happens, you may need to adjust one or both of the other elements to accommodate the change.
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