The challenge of every project is to make it work and be successful within
the
Triple
Constraint; the
Triple Constraint being
quality (scope), cost (resources)
and schedule (time). These three elements of a project are known to work
in tandem with one another. Where one of these elements is restricted or extended,
the other two elements will then also need to be either extended/increased in some
way or restricted/reduced in some way. There is a balancing of the three elements
that only when fully understood by the
Project Manager, allows for
the successful planning, resourcing and execution of a project. At the end of the day, these are
the key elements of a successful project and these are the things that will determine
whether or not you have successfully managed a project.
