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The Triple Constraint in Project Management - A Simple Definition
May 31, 2009 | Author: PM Hut | Filed under: Project Management Definitions
The Triple Constraint in Project Management - A Simple Definition
By Moises Ortiz
Every project is affected by the triple constraint of time, scope and cost. Doing something to one of the constraints always has an effect on the other two constraints.
Any time your project changes, you’ll need to know how it affects your project’s three constraints. If you don’t manage these three constraints at the same time you’ll find that your project is either late, over budget or does not meet your customer’s requirements.
You must also notice that any change in the triple constraint will have an impact on the quality of the service or product you’re working on, therefore whenever you are making a change that affects the triple constraint you’ll need to be sure that the change is acceptable to your stakeholders.
By the way, a stakeholder is anyone who is affected by the time, scope or cost of your project. This applies to your team, your customer, your sponsor and anybody else who may be affected by the change.
A lot of project management is about evaluating the impact of a change to your project’s triple constraint and analyzing that information to help stakeholders make the right decisions about your project.
Moises Ortiz is a project manager with strong experience in the IT field. He’s been working for many multinational corporations leading IT projects and helping them align their IT strategy to the overall business goals.
He holds a Bachelor’s degree in Electronic Systems Engineering from Instituto Tecnológico y de Estudios Superiores de Monterrey and can be contacted at his personal web page at www.moisesortiz.com.
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