THE PROJECT CONSTRAINTS
Manager are ment to get things done in their respective field of work. In order to make things work out well, some constraints are ment to be noted and work on for successful achievement of a project. These constraints are sometimes called THE PROJECT MANAGEMENT CONSTRAINTS. These constraints are very important as they cannot be under looked, they are always faced during the execution of any project. What are these constraints? They are Time, cost or budget and scope. the image below shows the constraints in a triangle form.
Have you ever imagine what could happened when you are unable to meet up with the deadline given to execute a project? Time is a powerful constraint that cannot be left aside in the accomplishment of a project. The only constraint that cannot be control by project managers is TIME because it runs through a specific interval, on like other constraints that can be readjusted and planned properly. Time is a criteria that differentiate an expert manager from an ordinary manager because expert managers are able to handle tight situation despite busy schedule.
HOW SHOULD TIME BE MANAGED
As said earlier, time is a factor that human cannot control because it has an algorithm it followed. There is no two ways in which time can be properly or effectively managed. The best way to manage time is to PLAN well. “PLANNING is said to be futuristic, he who fails to plan plans to fail. For the proper execution of a project, the project manager must plan effectively such as when to start and how long it will take to execute the project. When these two things are properly taking care off, time is properly managed as a project manager.
For proper execution of a project, aside planning the period of completing it, one need to also plan the cost as it is very important. When planning for the cost of a project, the following are ment to be planned along such as cost of resources, and the cost of workforce. Cost can also be refers to as budgeting for the project. For proper cost control, the cost estimation tools are
- Cost of quality Analysis
- Determining resource cost rate.
- Bottom up Estimation.
- Parametric Estimation.
- Vendor Bid Analysis.
- Analogous Estimating.
- Reserve Analysis.
When all these things are properly put in place, the cost of executing a project becomes well managed and there is no room for abnormal spending.
This is another important constraint that must be properly looked into. Scope is a simple word is refers to as QUALITY. Scope can be described as what the project is to accomplish and the proper definition or description of the project. Huge amount of money can be spent on a project as well as enough time spent on the project and still the result might still not be as expected.
The three constraints discussed above can have a high significant on the accomplishment of a project as they are very important.