2) Describe the triple constraint. What are the three components and what is the relationship between them
Scope, Time and Cost goal are the triple constraint; these key attributes must be handled effectively for successful completion of any project.
Scope- Is the
goal of the project.
Time- Projects
have a deadline date for delivery. When you reduce the project's time, you will
either have to increase its cost or reduce its scope.
Cost - This is
the estimation of the amount of money that will be required to complete the
project. All projects have a finite
budget.
It is called a triple
constraint because changes in one of the three factors (Scope, Time and Cost)
will affect the other two factors. The relationship among the three is if one goal
increases, one or the two other goals must decrease for the project to succeed.
The relation ship isn't always if one increases, then the others decrease. It's a given that there is a trade off between the three but it all depends on the stakeholder's priorities. Take for example, if scope increases, chances are both time and cost increase. However if the company's priority is time, then perhaps only cost will increase. It's more varied than that.
ReplyDeleteNot so much on decreasing, but adjusting to balance out the triple constraint.
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