The triple constraints is an overview of a project using
cost, time, and scope. The cost is an estimate of how much the project will
cost overall. For example, it varifies the cost of labor for the workers, risk
estimates, resources and bills for materials.
Time, is the time required to
complete a project. It may take a project a couple of weeks, months or years
depending on cost and scope of the project.
The scope of a project is
understanding the objectives goals throughout the project, whether it is
certain tasks that has to be done, tests, additional resources, budget, etc. To
determine the scope of a project it must go through different phases, which can
change throughout a project.
These three constraints are all related to get an
idea of how much the entire project should cost, how much time it will take,
and it should let the project manager get an in depth overview of a project to
be completed.
I agree, also sometimes during the project there will often be a trade off between the triple constraints depending on the priorities of the project and stakeholders.
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ReplyDeleteYes, especially with the scope method going through different phases and can change at anytime will probably affect time and cost of the project.
ReplyDeleteManaging the triple constraint is crucial when dealing with projects.
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