Project Management Concepts
Question 1; the Triple Constraint
The term triple constraint refers to three interdependent factors which will act as constraints on the way projects are completed. The triple constraints, which may also be called the 'project triangle', will be found in all projects, they are the factors of time, cost, and scope. Successful projects are usually defined as those which are delivered at the right time, within the correct budget, and to the specified scope. These different influences converge, to understand their interrelationship each factor may be considered individually, followed by a discussion on the way in which the influence each other.
The time constraint refers to the timescale in which the project should be delivered, meeting the required completion schedule. For a project to be delivered on time it is essential there is effective time management exercised within the projects, ensuring that each stage of the project is completed on time, to facilitate timely progression. Project managers will utilize project planning models, which may include software, which facilitate the planning of the project, including the development of work breakdown schedules, which identify the different tasks need to be undertaken, and the prerequisites, which can be used to create an effective plan. The project manager will need to assess project progress to ensure that different stages are completed on time, and if the project falls behind them they need to be a reassessment of the schedule in order to bring the project back on track.
The cost is the monetary cost, and relates to the project budget. A successful project will be completed within budget, rather than exceeding that budget. Good planning for projects will usually include a contingency fund in case there are any unexpected items. While the emphasis in terms of financial cost usually refers to achieving the project within budget, it should also be noted that where there is a significant under-spend, there should also be investigated to ensure that there was compliance with the relevant quality requirements.
The dimension of scope refers to the end of the project, and what it is meant to provide. Successful projects will start out with a clear and concise project definition, including what it should be what it should provide, a process that is important in order to minimize the potential for changing boundaries as the project progresses. Therefore, it may also be necessary to define what the project will not incorporate.
There is an inherent interdependency between these factors. For example, the broader the scope of the project, the greater the potential cost and time to complete the project. Likewise, if there is a need to cut the budget, this may reduce the scope of the project. If a project is required quickly, or force behind schedule, in order for the project to be delivered on time it may be necessary to use more resources, for example bringing more labor, which in turn will increase the costs. Alternatively, if the lagging project is still required on time, but there is no more money, the scope of the project may be reduced. Where one of these constraint is impacted directly or indirectly, it will invariably influence other constraints.
Question 2; Systems Approach
The concept of the systems approach views the organization as a system. Systems are made up of internal dependent parts or processes, and assisting may be either closed or open. A close system is completely interdependent and does not interact with its environment and is not impacted by that environment, whereas an open system will interact with the external environment through the presence of inputs, throughputs, and its' outputs. A good example of an open system is an animal; it is a living creature which interacts with its environment through inputs, which may include food and oxygen, which are then digested internally in order to provide energy, and creates outputs, such as CO2 from breathing, and bodily waste, which go back into the environment. A car is an example of a mechanical system, reliant on the acquisition of fuel, and the skills of a driver to operate, and provides an output service, as well as emissions.
The analogy of an open system can be applied to an organization, as the organization will be made up of a number of internal dependent parts and processes which operate together, and will also be reliant on inputs, throughputs which may also be considered transformational processes, and outputs. The application of open systems theory to organizations will usually accepted that the boundaries of the organization are more flexible and ambiguous compared to...
Following the discussion presented in the paragraphs here above, we may conclude that, as a risk factor, a decision made by the customer that would imply modifying the initial requirements of the projects would have direct implications in terms of time, resources and scope used on the project, mainly due to the need to relocate and rethink the original plan of the project, increasing time and human resource initially spent
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