In: Operations Management
1-Explain project management and the role the triple constraints play when managing a project.
First let us understand the meaning of project management. When the knowledge, experience, tools and techniques are applied to the project to meet the requirement of project. If you talk about the constraints then three constraints are time cost and scope. These constraints are related to each other in such a way that if one changes then second is likely to be changed. For an example if you increase the time frame of the project then it may possible that cost is increased because you need to hire more people and pay more to them for completing the project. For that it will also decrease the scope to remove the features.
In a nutshell if we understand the meaning of constraints then suppose you want to build a house but you have only 15 days of time so this is the constraints that you don't have much time.