From the course: Project Management Foundations: Small Projects
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Identify the most important factor
From the course: Project Management Foundations: Small Projects
Identify the most important factor
- Managing a project is like a balancing act between three factors: scope, time, and cost. These factors are often called the triple constraint. You have scope to complete, time to perform the work, and how much it will cost. As you remember from your childhood math classes, you can't specify all three variables in an equation. And yet, that's exactly what customers tend to do. As a project manager, you're likely to hear that they want the work done cheap, good, and fast. It's fine to want things, but the challenge is to find out what the customer really needs. That way, you'll be able to juggle in order to make sure you satisfy those needs. With our example project, suppose Beth insists that the scope must be done by the end of May for less than $30,000, and you're positive that isn't doable. How do you find out Beth's must have? First, ask why to help you understand the situation. Why do you need the project done in three months? If Beth tells you that her current lease is up in May…
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