A Brief Explanation of the Triple Constraint in Project Management - nTask - Deepstash

deepstash

Beta

deepstash

Beta

Deepstash brings you key ideas from the most inspiring articles like this one:

Read more efficiently

Save what inspires you

Remember anything

A Brief Explanation of the Triple Constraint in Project Management - nTask

https://www.ntaskmanager.com/blog/triple-constraint-in-project-management/

ntaskmanager.com

A Brief Explanation of the Triple Constraint in Project Management - nTask

5

Key Ideas

Save all ideas

The triple constraint factor

The triple constraint factor

The triple constraint theory tells us that every project operates within the boundaries set by three constraints:

  1. Time (the deadlines)
  2. Scope ( the features)
  3. Cost (the budget)

These constraints are inter-connected. If you change something about one of them, the other two will be impacted as well. A manager has to find the best combination of these three constraints.

13 SAVES


VIEW

Time constraints in project management

Each task and process in the project have a scheduled time allocated for their completion.

Steps for managing the schedule of the project development process:

  1. Plan schedule management.
  2. Sequence all of the different activities.
  3. Define all of the activities that will be performed in the project.
  4. Estimate the usage of all of the resources that are going to be used in the project.
  5. Estimate the time durations related to each activity.
  6. Develop a proper schedule after analyzing the first five points.
  7. After creating the schedule, control/manage the schedule to ensure that your project is on track.

11 SAVES


Cost constraints in project management

The budget processes related to the project include estimating the cost of all the little parts.

Methods to estimate the cost of the project.

  • Use historical data. Track and analyze a project similar to yours, which have been developed in the market over the past years.
  • Determine the resource costs. Track the costs of the goods and labor that are going to be used on a per-unit basis.
  • Use different parameters. Measure different stats from the old and new data found in previous and on-going projects.
  • Use bottom-up approach. Track the lowest to highest budgets spent on previous projects.

Other methods for budget estimation are vendor bid, reserve, and quality analysis.

9 SAVES


Scope constraints in project management

The scope of the project is defining the tasks and activities that are being done in the project development process.

The scope document includes:

  • All the details of the project development process from start to finish.
  • A trajectory in which the project will travel.
  • Information about the potential risks and scope creeps.

8 SAVES


Quality, risk and benefit in project management

In recent years, constraints beyond the triple constraint factor have been discovered. They are:

  • Quality. The project should be developed according to the quality agreed in the project scope.
  • Risk. Risk and scope creeps are "silent" killers when the development team and managers are not expecting any threat from them.
  • Benefit. The benefit of the project element is a great motivator to keep the project development process on track.

9 SAVES


SIMILAR ARTICLES & IDEAS:

Guru Madhavan

"The core of the engineering mind-set is what I call modular systems thinking. It’s not a singular talent, b..."

Guru Madhavan

Thinking in Systems

It means to be able to break down a big system into its sections and putting it back together. The target is to identify the strong and weak links: how the sections work, don’t work, or could potentially work and applying this knowledge to engineer useful outcomes.

There is no engineering method, so modular systems thinking varies with contexts.

Fundamental Properties of the Engineering Mind-Set

  • The ability to see a structure where there’s nothing apparent.
  • Adeptness at designing under constraints.
  • The capacity to hold alternative ideas in your head and make considered judgments.

Disruption of Progress

Disruption of Progress

Whenever an outside force interrupts our progress - we skip gym for a day or two for example - it sends a message to our brains that we aren't good enough and ...

The Magic of a Fresh Start

A fresh start allows us to let go of what's happened in the past and just be present for ourselves at the moment. It allows us to learn from our failures and gives us the opportunity to do better, to be better, and to grow past the difficulties.

We are allowed to reinvent ourselves and what ever we may be facing. We can reinvent what we want our lives to be. We can always recommit, and remind ourselves why we are committed to this. This fresh start is available to us in every single moment.

Happiness and emotional diversity

Happiness and emotional diversity

While most of us believe that happiness is the key to a long and healthy life, meaning first and foremost a life without stress, recent studies have shown that actually, it is emotional diversity t...

Emotional diversity experiments

In a recent study, focused on measuring the systematic inflammation, a large number of participants were asked to rate the extent to which they had experienced both positive and negative emotions throughout the day, for 30 days. As a result, the people who experienced a wider range of positive emotions were also the ones who had the lowest rates of inflammation.

Emodiversity and its benefits

Experiencing both negative and positive emotions can lead to better mental and physical health.

Furthermore, the chances to get depression or even bad habits seem to be smaller in this particular case when compared to individuals who experience only positive emotions.