(Solved) NR632 WK 5: Monitoring and Controlling the Project

Instructions

In project management, you will read about and experience what is often referred to as the “triple constraints.” You have likely seen this mentioned in your text and in several previous lessons. Although not formally a PM tool, the triple constraints are a valuable help in maintaining control of project variables. This Collaboration Café will prompt you to explore this important monitor/control concept more deeply.

The triple constraints are often depicted as a triangle. You may see the term “Iron Triangle”. The idea is that, with any project, a change or shift in one side of the triangle necessarily creates changes in either/both of the other sides of the triangle.  There are several resources in this week’s lesson that provide additional information and insights on the triple constraints and you are encouraged to review those before posting. Link to WK5 Assignment

Share your thoughts on that concept and then share which side of the triangle poses the greatest threat of constraint for your project.

Answer Guide

The project’s triple constraint comprises costs, time, and scope. These factors are important because they influence the success of a project.   This concept implies that adjustment in one of the elements may impact the other element. For instance, a change in the scope means more time may be required for the project which in turn may increase the cost.  Therefore mastering to balance all these constraints is critical in delivering a successful project.  One of the ways of ensuring a state of equilibrium is by embracing flexibility by understanding a change in one of