Question

Explain how the triple constraints of scope, schedule, and cost play an integral role in managing a successful project. 200 words

Answer 1

The triple constraints can be considered as the backbone of any project since it determines the three main implementations necessary for a successful conclusion of a project. In order for us to understand how a project management process works, we need to be able to identify the elements that allow the process to be conducted as well as create the necessary processes which allow a company the conversion of input factors into usable output. Cost is the main consideration when we consider the scope of a project. While it is true that all of the triple constraints have their own relevance, the cost has the biggest implication over the functional aspect of understanding of the company’s needs. We can say that these have an implication over the scope of successful implementation of the project due to the understanding that a change in one value can have a considerable impact over the other two, in both positive and negative directions. We can, therefore, say that the aspect of the need to conduct a scope reduction can essentially be created if we do not focus our implementation process over the triple constraints properly. It is also relevant in terms of quality and especially beneficial when the company it taking on more than a single project at a time.