Project management Essay

Document Type:Coursework

Subject Area:Business

Document 1

These three constraints are referred to as ‘triple constraints'. Cost refers to the finite budget that the customer is ready to pay for the project. A reduction in the cost leads to the reduction of the scope and increase of time. On the other hand, time is the timeline that the project is supposed to take, reduction in time leads to an increase in cost. The scope affects the normal operation of the project activities. Any change that occurs, whether to time or scope, the cost of the project has to be affected. Conclusion For any project to be successful, all the three constraints should be kept constant. ‘The project manager deserves all the right to rebalance the project’ (Hoorn, B.

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