Question

A Comprehensive Guide to Project Management Schedule and Cost Control, Ch. 6

Using the constraint list in this chapter, discuss some of the primary or more common constraints with project resources and how each affects the project. Choose two of the constraints to discuss.

Answer 1

Category balancing is the major entity which tries to balance the project under various categories or constraints.

Triple constraint balancing facilitates the balancing of project on 3 dimensions – cost, quality and time. The project managers try to facilitate the triple constraint balancing in project by keeping the cost, quality as well as project time within its pre-decided scope.

• Cost : Project budget
  • One of the major objective of the project team is to keep the project cost within the pre-estimated budget. Constant monitoring of project funds is facilitated to identify deviations as soon as they occur and work to solve the same.
• Quality : Appraisal cost
  • Appraisal cost is cost of good quality. It helps in maintaining the quality of the overall business process. The appraisal cost of the process can be kept high.
• Time: Project schedule
  • Another critical project constraint is the time constraint. Usually companies need to follow a time schedule to meet the deadline mentioned by the client. Usually the project team develops a WBS of the project and project schedule is developed accordingly. Various steps are taken so that the project adheres to the time schedule.