StudentShare
Contact Us
Sign In / Sign Up for FREE
Search
Go to advanced search...

The Triple Constraints in Project Management - Term Paper Example

Comments (0) Cite this document
Summary
The paper is based on the aim of any business which is to generate money through developing throughput while minimizing operational expenses and reducing inventory levels. The approach to implementation of the Theory of Constraints thinking in the organization or the company necessitates…
Download full paperFile format: .doc, available for editing
GRAB THE BEST PAPER97.1% of users find it useful
The Triple Constraints in Project Management
Read TextPreview

Extract of sample "The Triple Constraints in Project Management"

Download file to see previous pages The attention of the whole company is focussed on a particular problem that is of great concern to the consumer (the challenge). The rest of the activities in the company are synchronized with the challenge process, which makes sure that the challenge process is not piled up or it is starved because the needed inputs are not available. The bottleneck must be eliminated in any way possible and this increases the capability of the entire company (Jawa 2004, p1). For many years, project managers have been told to focus on constraints. In projects, a constraint is thought to be an important path, which is a series of activities that determine the least time required for the project to finish. Vanhoucke (2012, p192) further notes that the project management generally overlooks the scarce resources required by activities which are either on or off the critical path and probably by other projects (Vanhoucke 2012, p192). Goodpasture (2004, p211) also asserts that project constraint is a critical path. In other words, the project is constrained to a particular duration, and the constrained time cannot be shortened. The impact of the critical path is that the constrained throughput cannot be increased, and thus, the throughput is threatened if the critical path is not managed in a proper way (Goodpasture 2004, p211). It is worth noting that all projects have constraints. Not very long ago, the three main constraints (also known as the triple constraints) were the project management creed spoken by experienced project managers. The three main constraints that project managers face include scope, cost, and schedule. However, these are not the only constraints faced by project managers; other constraints include consumer satisfaction, budget, and quality. All the mentioned constraints have a significant impact on the outcomes of the project, and that is why they get considerable attention (Heldman 2011, p23). Scope All projects are set out to generate a unique result or product. Scope describes what the result or the product should be like. It considers the objectives and goals of the project and defines what the project is attempting to achieve. The goals are then broken down into smaller elements until the work can be easily described. The scope can frequently change or grow during the course of the project. Thus, it is very crucial to document scope. Scope generally entails interchanges with the other constraints, and transformations in scope will affect the budget, time, or both. Changes in the time or budget can also affect scope. For instance, if one is constructing a new house on a restricted or limited budget. The individual wants granite countertops in the bathroom, but he does not have sufficient money in the budget. Then, the scope has to be modified and a different material chosen for the countertops to avoid the necessity of going over the budget again (Heldman 2011, p23). Schedule Majority of the projects function under some form of deadline. If the project involves constructing a new shopping center that must be completed in time for the holiday shopping period, then the project is time-constrained. Schedules are developed on units of time thus; the word time is sometimes used in place of the word schedule when describing the triple constraints (Heldman 2011, p23). The time deadline governs the manner in which the project activities are completed and scheduled. The projector requestor or the stakeholders have indicated that the new shopping center must be opened by October. ...Download file to see next pagesRead More
Cite this document
  • APA
  • MLA
  • CHICAGO
(The Triple Constraints in Project Management Term Paper, n.d.)
The Triple Constraints in Project Management Term Paper. Retrieved from https://studentshare.org/management/1454322-pm
(The Triple Constraints in Project Management Term Paper)
The Triple Constraints in Project Management Term Paper. https://studentshare.org/management/1454322-pm.
“The Triple Constraints in Project Management Term Paper”, n.d. https://studentshare.org/management/1454322-pm.
  • Cited: 0 times
Comments (0)
Click to create a comment or rate a document

CHECK THESE SAMPLES OF The Triple Constraints in Project Management

Implementing Schedule of Time Management

...Running head: PHASE 5 INDIVIDUAL PROJECT PHASE 5: Individual Project Affiliation October 2008 How often have you heard it said that planning is waste of time? No sooner is the plan completed than someone comes along to change it. These same naysayers would also argue that the plan, once completed is disregarded and merely put on the shelf so the team can get down to doing some real work. To people management, we mean the planning activity that involves deciding on the types of people in form of resources that are required to fulfill the requirements of the project. In other words the types of skills and number of workers we need to complete the project (kwysocki, 1997). Whenever we talk about the methods involved in the project management...
6 Pages(1500 words)Coursework

Global Challenges for Business Management and Leadership

This section aims at understanding the challenges faced by the United Nations due to political conflicts. In the summer of 2007, an issue in the Politically Speaking, the DPA had highlighted the increased focus on the conflict meditation. This report had also highlighted the interview with the Under-Secretary-General for political affairs. In the interview, he defended the UN against all the criticism and he also highlighted the need for finding political solutions for issues around the world. The interview also highlighted the importance of results to show the effective working of the UN. This interview also highlighted and urged critics to look at the positive along with the negatives of the UN. “The UN has knowledgeable a...
7 Pages(1750 words)Research Proposal

Customer Relationship Management

 Consumers started looking for variety and lower prices. Through the use of technology, such customer tradeoff against variety and prices is not necessary. The US life insurance industry is large, mature and dominated by a number of large companies and this industry has been one of the early adopters of computer technology (Subramanian & Chatterjee, 2007). The advent of the CRM systems changed the landscape of the insurance industry.

The health insurance organizations use CRM to prepare health proposals and process applications in a much faster and accurate way. The organizations are better able to understand the needs and habits of the customer and provide more efficient service. Companies are able to integrat...
9 Pages(2250 words)Case Study

Diversity Management in Organisations

...Managing Diversity in Workforce Contents Introduction 2. Diversity Management: Challenges and Benefits 2 3. Managing Diversity 3 3 Significance of Involvement culture 3 3.2 Impact of Organizational Ethnicity on diversity 4 4. Best Practices to Manage Diversity 4 5. Conclusion 5 6. Bibliography 6 1. Introduction “Diversity” characterizes the massive amount of individual divergences that subsists amid persons. Workforce diversity is a gathering of the resemblances and discrepancies between workers in such sorts as “age, sexual category, cultural inheritance, physical capability and race.” (POLLITT, David, 2006) As of today, diversity in the place of work is widely acknowledged as an advantage that contributes to a business institution’s base...
6 Pages(1500 words)Case Study

Active Directory - Security, User, and Resource Management

Administrators make use of group policies to launch principles for desktop predilections and software. For many corporate information technology groups, concurrence with group policies to identify what software should be presented to each category of user, even without human intervention installing it on demand from a corporate server (Silberschatz, Galvin, & Gagine 2002. P. 838). The capability of the AD was introduced in the year 1999, its initial release was with the MS Windows 2000 Server Ed., additionally personalized to spread out functionality, security parameters and build up administration in MS Win Server 2003. The most recent better facilities and efficient edition of the AD are introduced in the Windows Server 2008...
6 Pages(1500 words)Report

The Management, Leadership and Teamwork Competencies Required by a Small Business Owner

On the other hand organizational leadership is defined as the ability based on the specific skill of an individual to lead his/her subordinates in a manner that pre-planned organizational goals could be achieved within the defined time-frame.

According to Burns (1978) and Bass (1985), transformational leadership has a set of category constructs such as values, morals, farsightedness, long term goals, principles, acute awareness about the dividing line between causes and symptoms, mission statements, strategic perspectives, and human resources. Similarly, they identify a set of category constructs in the transactional leadership also. For instance concentration on the task at hand, short term goals and tactics, confusion co...
6 Pages(1500 words)Coursework

Project Planning Human Capital

Project planning involves a lot of factors and areas that we need to address for the effective management and handling of the project. The aim of this report is to provide a deep insight into some of the main areas that we need to address for the project of Adams's family farmhouse renovation. These issues are project team communication, project risk management, and deadline handling. Effective communication in a project provides a huge advantage regarding the better working and handling of the project. I have selected a very significant project regarding the preservation of the old and historical places. Here we require effective communication to provide better interaction among the designer, developers, and history preservation...
8 Pages(2000 words)Coursework

Information Security Management

Security is a group of activities that include the policies, measures, and actions which are utilized to stop unlawful access or alteration, theft, and physical damage to information or computer. Security can be supported by an assortment of techniques and tools to safeguard computer hardware, software communications networks, and data (Laudon & Laudon, 1999, p. 502). In the modern age of information technology, there are many threats happened for organizational information. We need a security model that has the ability to manage and secure our information reserves. Technical administrative safety /security measures like security plans, actions and techniques are the main practices for the organizational information security m...
10 Pages(2500 words)Research Paper

Self Assessment: Conflict Management Style

...Please indicate Self Assessment: Conflict Management Style The assessment on conflict management that I took suggests that I am the type of person who tends to cooperate and work with people to achieve a desirable outcome. It suggests that when I am faced with a conflicting situation, although I listen and consider other viewpoints included in the discussion, I carefully evaluate and analyse every detail in accordance to my own. It depicts that I welcome other ideas or arguments but not easily swayed by them for I tend to make my point be heard and accepted as well, creating a really interesting discussion that in turn promotes a win-win situation. Furthermore, the assessment also indicated that second to collaborating attitude, I also...
7 Pages(1750 words)Essay

Management Theory and Practice in the Early Childhood Education Industry

As pointed out in a study by Osgood and Halsall (2007) where they carried out research to examine the position of women in leadership or management positions, a “glass ceiling” exists for women in the academic setting, which could significantly impair motivation. Since many of the individuals employed in the early education sector are women, addressing this issue is even more important because these individuals are faced with the difficult task of shaping young minds while also dealing with the problems associated with the actual physical care of very young children. The quality of professionals in this sector is vital because it impacts the growth and development of the children that they care for. The degree of invol...
6 Pages(1500 words)Coursework
sponsored ads
We use cookies to create the best experience for you. Keep on browsing if you are OK with that, or find out how to manage cookies.

Let us find you another Term Paper on topic The Triple Constraints in Project Management for FREE!

Contact Us