Overview

Project managers are tasked with managing three things in every project - the costs of the project, the time the project is scheduled to take, and the level of quality the output (deliverable) of the project should have. Once the project plan starts execution, these factors have been identified and are bound together, whereby a change in one must force a change to one of the other constraints. Depending on what information you find on 'triple constraint', you may find a fourth constraint.

Instructions

Use the CCCOnline Library, or any other credible sources you may locate on the World Wide Web, to learn more about the 'Triple Constraint'. In your research paper, address the following:

• The Triple Constraint is known by other names and has a number of variants. How else is this concept known by and what are the variants?
• Explain, from the variant namer's point of view, why they chose to call the Triple Constraint by the name they did.
• Provide a few concrete examples (either from experience or from what you have read), where required adjustments in once factor necessitated compromises to one or more of the others?
• Depending on the variant, a fourth constraint may appear. In some cases, it is scope, and in other cases, it is quality. What is the value to the project manager of having this additional parameter when battling project constraints?