Triple Constraint Case Study

719 Words2 Pages
bulb-icon

Recommended: Managing the triple constraint involves

Question One: Triple Constraint Triple constraint refers to three important dimensions of a project that must be coordinated and balanced for successful completion of the project. The three constraints are interdependent because altering one constraints affects at least one other constraint. The triple constraint components include scope, time, and cost. The scope of a project refers to specific goals, deliverables, and tasks that must be accomplished for successful delivery of the end product. It must be defined and understood from the beginning of the project to allow effective allocation of resources. Basically, scope is a document that provides an understanding of what should be included and excluded from the project. Time or schedule is

Show More
Related

  • Case Analysis: A Job Offer Negotiation

    1460 Words  | 3 Pages

    The negotiations were successful! An agreement was reached and I got the job! This success was due in large part to the extensive planning prior to the negotiation with Robust Routers. Planning is critical to a successful outcome when negotiating (Lewicki, Saunders & Barry, 2011). This was especially true in negotiating this job offer as the bargaining mix included items as varied as state of residence, salary and even stock options. Also of great benefit was that both sides realized that the while the outcome was important the relationship would be protected and even strengthened as a result of our collaborative negotiation (Lewicki, Saunders & Barry, 2011).

    Read More

  • Upward Bound Case Study

    663 Words  | 2 Pages

    The researcher used twenty-eight (28) interview questions, and as such, could not cover the gamut of other relevant issues that influenced students and program effectiveness. Moreover, there were other unforeseen variables beyond the researcher’s control, which the researcher may not be able to grasp a comprehensive assessment of other pertinent variables that may affect the outcome of the study. Although there are eight hundred and twenty six (826) Upward Bound programs operating nationwide, many of the Upward Bound directors were not comfortable in participating in the study. The randomly selected population presents limitations in scope, as the study captured and represented two of the eight hundred twenty Upward Bound programs nationwide. Issues of time constraints in relation to meet and conduct interviews with Upward Bound directors hindered grasping some qualitative aspect of the research. Directors though compliant, could not answer some of the questions posed as it related to the new APR requirements at the time of the research was completed; and could not provide the results of their current APR report for analysis whether the stated objectives in their Upward Bound grant objectives were met or approaching the target percentage performance.

    Read More

  • Compensation Dilemmas Case Study

    1066 Words  | 3 Pages

    In general, everyone who has a job has to be treated equally and has to get payed equally without any discrimination, based on gender, ethnic background, color or age. This is guaranteed by the Equal Pay act and Lilly Ledbetter Fair Pay Act. Different states have different compensation practices. While in US you can negotiate related to your compensation with the employer, in other states, especially in those underdeveloped countries, the compensation criteria’s are fixed and any employee cannot negotiate related to compensation (especially in public sector).

    Read More

  • Analysis of The Goal by Eliyahu Goldratt

    428 Words  | 1 Pages

    The Goal is a book that focuses on the theory of constraints in order to improve production. Eliyahu Goldratt brings us a pleasant story that shows the important strategies that any manager or CEO should follow to be successfully productive, and capable of reaching their goals. The book easily explains and demonstrates many attainable ways for any human being to learn how to manage their industrial relations, business processes, and also, their personal lives.

    Read More

  • 3M Corporation Business Analysis

    1560 Words  | 4 Pages

    The Minnesota Mining & Manufacturing Corporation (3M) was founded in 1902. It reported sales revenues of $16.7 billion during the year 2000. These revenues came from 3M's six business divisions: industrial; transportation, graphics, and safety; healthcare; consumer and office; electro and communications; and specialty materials. All business divisions were profitable in 2000. The same year, the company made more than 60,000 products and about $5.6 billion sales came from products that had been introduced during the prior four years and another $1.5 billion came from products introduced during 2000. Annually, more than 75,000 employees worked to create more than 500 new products. The company was recognized for its vertical organizational structure, with businesses established by technologies and markets. It was one of the most admired corporations in America and was awarded the National Medal for Technology, the U.S. government's top award for innovation, in 1995.

    Read More

  • Spending Clause Case Study

    758 Words  | 2 Pages

    The issue at hand is whether or not Congress had the authority under the Constitution to enact the challenged provisions. The two sides in this case are: the government arguing against the states, individuals and NFIB. The latter group believing that Congress does not have the power to enact these provisions. The plaintiffs argued that the individual mandate exceeded Congress powers under Article I of the Constitution and that the Medicaid expansion exceed Congress’s authority under the Spending Clause. In regards to the individual mandate, Congress chose to describe the shared responsibility payment imposed on those who do not forgo health insurance as a penalty rather than a tax. Although Congress does not label it as such, the plaintiffs

    Read More

  • Leadership Style Essay

    1893 Words  | 4 Pages

    The objectives can lead a better understanding and take analyzing steps. The scope is working by the specific endpoints or boundaries and also responsibilities. After the setting of objectives the scope works start. For example, a requirement list gathered from customer. The project managers, leaders start reviewing

    Read More

  • Project Management Case Study

    821 Words  | 2 Pages

    The projects in today’s world are given a lot of importance and it will continue to grow in the coming years. There are a lot of companies which do not have production, but all of them do have projects. There are a lot of books which have been published on which related to planning and managing the projects. The one of the most important one was published by the author Eli Goldratt in his book ‘Critical chain’. This book basically talks and shows how the application of theory of constraints in the field of project management. The novel is basically based on one of the MBA classes in America where a number of ideas are developed in discussions among the students and the lecturers. The lecturer is basically fighting for a tenure with the president of the university who expects a downturn in the executive MBA. The lecturer who teaches project management has a word with one the senior colleagues and project management was the right topic to teach. There were three students who were placed in the project management team of their company which manufactures electronic products. The students are enrolled in this MBA class along with other students, here they discover a new approach to project management which is known as the

    Read More

  • Cost Allocation

    1241 Words  | 3 Pages

    Cost allocation is the process of identifying, aggregating, and assigning of cost to various separate activities. There is no overly precise method of charging cost to objects, hence resulting to approximate methods being used to do so. Amongst the approximation basis used includes square footage, headcount, cost of assets employed, and electricity usage amongst others. The main aim of cost allocation is to spread cost in the fairest possible method and also to impact the behavior pattern of the cost.

    Read More

  • Case Study Of Reson

    1078 Words  | 3 Pages

    Project management is said to be completed within time when it completed within the “triple constraints”: cost, time and quality. And in a lot of causes, one them is sacrificed so as to meet the other two. Project managers prioritize which ones are the most important.

    Read More

  • Analysis of a Business Problem

    1356 Words  | 3 Pages

    The purpose of this paper is to briefly analyze why burrs and rough spots suddenly started to appear on quarter panel parts at an automotive company. Three out of four production lines at an automotive plant facility experienced defects of manufactured panel parts. Also, an analysis of how the panel problem is related to organizational sub-culture, organizational politics and job stress. Although there are several implications of various issues related to organizational culture, organizational politics and job stress is important because it determines how human capital within an organization will demonstrate the capacity to cope with working for the organization, thus determining the success of the organization. “To illustrate, studies have shown that job stress results from the interaction of the worker and the conditions of the workplace, i.e., the culture (Vigoda, 2002).” “Likewise, there are studies conducted that found organizational politics to have an adverse effect on psychological issues such as job stress (Ferris, Russ, & Fandt,1989).” Therefore, an organizations most valued asset is its employees.

    Read More

  • Conflict Management In Project Management

    3203 Words  | 7 Pages

    The three constraints in Project management are scope, cost and time are mostly major causes of conflict in Project management as postulated by (Verma, V. K. (1998). although other causes are also important as long as they have a negative effect on projects if not properly managed. Project managers being the leader of the team has many issues at stake to complete the project successfully, and those factors always compete with each other not to talk of the contending issues between the team carrying out the tasks.

    Read More

  • Linear Programming

    1277 Words  | 3 Pages

    The development of linear programming has been ranked among the most important scientific advances of the mid 20th century. Its impact since the 1950’s has been extraordinary. Today it is a standard tool used by some companies (around 56%) of even moderate size. Linear programming uses a mathematical model to describe the problem of concern. Linear programming involves the planning of activities to obtain an optimal result, i.e., a result that reaches the specified goal best (according to the mathematical model) among all feasible alternatives.

    Read More

  • Reflection Paper On Project Management

    1545 Words  | 4 Pages

    Project management involves all activities that encompass scheduling, planning, and controlling projects. A successful project manager ensure that an organization’s resources are being used both efficiently and effectively. Most projects need to be uniquely developed require a sense of customization and the ability to adapt to any posed challenges. The scope of effective project management includes defining what the project is and what is being expected to be accomplished. Projects are imposed to fulfill a certain need and project managers must have the ability to create the proper definition. Goals and the means used to attain those goals have to be clearly stated. Project Managers must also have the ability to plan

    Read More

  • Case Study Of The XYZ Corporation

    1486 Words  | 3 Pages

    The XYZ Corporation was established in 2004 and their main office is located in Vancouver, BC. The company’s main objective is to create new innovating technology for media devices, computers, and digital music players. They deal with the design, manufacturing and marketing of the products. XYZ Corporation has been providing Canadians with groundbreaking technology throughout the years and continues to create new technology to provide others with top-level technology. Although, recently their success rate has appeared to drop rapidly due to a number of factors that will be explored throughout this case study. Their main objective is to target the problems so that they can work towards having the issues resolved as quickly as possible. If they do not take any course of action, the state of the company may be in extreme danger. This case study is designed to explore the areas of the company and discover the problems blocking the XYZ Corporation from success.

    Read More

More about Triple Constraint Case Study

Open Document