Excerpt from Page 23

Published January 5, 2017

Project Management for Experienced Project Managers | Victor Allen and Ron May

Excerpt from Page 23:

DECIDE TRIANGLE PRIORITIES – the infamous triple-
constraint triangle (Scope, Time, and Cost) is the true source
of a project manager’s power. It’s a little bit like Superman and
our yellow sun. If we can establish a balance between scope,
time and cost, then we have a fighting chance of success.
Although there is no guarantee of success, we at least have a
chance to succeed. We still have to actually execute the project
successfully and we all know what challenges this presents. If
we start off with an unbalanced triangle (more scope than time
permits or the budget allows), then we are virtually guaranteed
failure no matter how well we execute. At some point during
the project, tradeoffs will need to be made between scope, time
and cost. It is imperative that you understand the priorities of
these constraints so that you can effectively make tradeoffs
during the execution of your project. The priorities must come
from your project sponsor, project champion or key stakeholders.
(See Triangle Priority Tips for more information.)