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Fundamentals of Project Management, Third Edition
book

Fundamentals of Project Management, Third Edition

by James P. Lewis
December 2006
Beginner
164 pages
3h 36m
English
AMACOM
Content preview from Fundamentals of Project Management, Third Edition

You Can’t Have It All!

One of the common causes of project failures is that the project sponsor demands that the project manager must finish the job by a certain time, within budget, at a given magnitude or scope, while achieving specific performance levels. In other words, the sponsor dictates all four of the project constraints. This doesn’t work.

The relationship between the PCTS constraints can be written as follows:

C = f(P, T, S)

In words, this says, “Cost is a function of Performance, Time, and Scope.” Graphically, I like to show it as a triangle, in which P, C, and T are the sides and S is the area. This is shown in Figure 1-1.

Figure 1-1. Triangles showing the relationship between P, C, T, and S.

In geometry, we know that if we ...

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Publisher Resources

ISBN: 9780814408797