CHAPTER 2

The Triple Constraints: Time, Cost, and Performance

A project takes place inside an organization or system. Like many statements about a project—“a project ends,” for example—a characteristic that’s obvious on the face of it has consequences that are much less obvious.

An organization or system has nearly an infinite amount of useful, desirable work that could be done, but has limited and finite resources available with which to do that work. Choices must be made. Each choice consumes resources that could otherwise serve a different need.

Even though we’ve made the choices we (or someone) presumably think best, if we use our limited ...

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