All projects are carried out under certain constraints – traditionally, they are cost, time, and scope. These three important factors (commonly called "the triple constraint") are often represented as a triangle. Each constraint forms the vertices, with quality as the central theme.
More recently, the triangle has given way to a project management diamond: Cost, time, scope, and quality are now the four vertices, with customer expectations as a central theme. No two customer expectations are the same, so you must ask specific questions about the customer's expectations.
Cost: All projects have a finite budget; the customer is willing to spend a certain amount of money for delivery of a new product or service. If you reduce the project's cost, you will either have to reduce its scope or increase its time.
Time (Schedule): As the saying goes, 'time is money', a commodity that slips away too easily. Projects have a deadline date for delivery. When you reduce the project's time, you will either have to increase its cost or reduce its scope.
Scope: Many projects fail on this constraint because the scope of the project is either not fully defined or understood from the start.
When you increase a project's scope, you will either have to increase its cost or time. Once a customer asks you to complete a project, the person will state what is important; for example, the project must cost no more than £80k, be delivered by a particular date, or contain certain features. The triple constraint is about balancing each constraint to reach a successful conclusion. Another key factor of any project, is the control of that change.
Change management is a systematic approach to dealing with change both from the perspective of an organisation and the individual.
Our end to end solutions are centred on tested project management methodologies. We carry out comprehensive risk analysis and preventative/mitigating measures to manage risk referencing various frameworks such as ISO 31000.
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We adapt various standards such as Agile, Information Technology Services Method (ITS) and Critical Chain Project Management (CCPM) delivering best practice solutions.
Why not let us guide you through your next project? We delivery on time and on budget and yet never compromise our standards. We are robust, flexible and professional in our dealings.
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