ACCA SBL Syllabus H. Innovation, Performance Excellence & Change Management - The Implications Of The Triple Constraint Of Scope, Time And Cost - Notes 2 / 12
The implications of the triple constraint of scope, time and cost
Every project is constrained in some way by its scope, time and cost.
These limitations are often called the triple constraint.
The scope concerns what has to be delivered by the project, time is when the project should deliver by, and cost is concerned with how much can be spent on achieving the deliverable (the budget).
Quality is also an important feature of projects.
Some authors include quality in their triple constraint (instead of scope), others add it as a further constraint (quadruple constraint), whilst others believe that quality considerations are inherent in setting the scope, time and cost goals of a project.
How a particular project is managed depends greatly on the pressures in the triple constraint.
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Syllabus H. Innovation, Performance Excellence & Change Management
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Syllabus H. Innovation, Performance Excellence & Change Management
H6. Leading And Managing Projects