The Project Manager as Houdini - Escaping the Triple Constraint
(1.0 Technical PDU)
The relationship between project Scope, Time and Cost is known as “The Triple Constraint” of project management. In fact, if all three variables are constrained, project success is problematic. Project management always involves effectively balancing the scope of effort with the resources available and within an acceptable or pre-determined time frame.
I’d like to discuss the real relationships and tradeoffs between the three key variables of Work to be done (scope of effort), Resources devoted to that work (both personnel and dollars), and Time (defined by the project schedule or ship date). How we manage these relationships effectively to consistently deliver projects that meet customer objectives on schedule and within budget is the essence of Project Management.