Question: Project constraints are the common things that you need to keep in mind during the project life cycle . 1 . The size of a
Project constraints are the common things that you need to keep in mind during the project life cycleThe size of a project in terms of quality, depth, and results is called its scope. Time and money depend on the project scope because the project will require a long time and cost to finish when the project scope growsCostCost constraints include the whole budget of the project and anything of financial value required for your project. Some things that could be a cost issue are: How much Project cost Pay for Team member salaries Cost of equipment Cost of facilities How much services costs Costs of material Time: Time management is important for the success project, and there are different time constraints that we have to face during each phase of your project. When you try to extend your project timeline, there will be crossing of deadlines, adjustments to the team calendar, or less time for planning Risk. Unexpected events Project risks that usually affect your project are known as Project risks. The majority of risks are negative, but some can be positive. For example, a new technology may be released while your project is in progress. This technology may help you finish your project earlier or decrease the value of your product Resources: Your project's cost limits and resources are closely linked since the things you need for the project cost money. Without proper resource allocation, you can experience lower project quality, an increased budget, and timeline delaysQualityThe quality of a project is how well the products meet the original goal. Every project constraint affects project quality because project quality is the ultimate result of your project. But project quality can be its limit because low quality can come from parts of the project that aren't always linked to cost time, resources, risk, or scope What is project success?Project success is an excellent result that satisfies the clients, customers, or other stakeholders, such as the project team, and company executivesCost: This factor compares the total cost of the project to the budget of the people involved in the starting of the project Timeline: Timeline is also an important factor in the success of many projects, which is the length of time it takes to complete the project. During the first meeting at the start of a project, project managers and other important people usually decide on a timeline Scope:Project scope defines the goals, objectives, and deliverables of a project. Typically, the project manager works with other stakeholders to determine the project requirements and establish the scope Deliverables:This factor of success measures the quality of the finished product or outcome. There can be many ways to determine the quality of deliverable Resource capacityDuring a project, it's important to plan resources effectively so the project team has the necessary support and supplies to meet the objectives. Business goalsThis factor evaluates the accomplishments of the project against the expected outcomes. It measures how well a team meets or exceeds the business goal Stakeholder satisfactionThis success criterion evaluates stakeholders' engagement and satisfaction with project management processes and project outcomes. It's helpful for managers to provide regular updates to other stakeholders on the project's progress, including its cost and timeline, to help ensure their satisfaction.Explain these both if we want to use steps to make project chaterWebsite for PMI Confernence
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