8/22/2023
THE PROJECT MANAGEMENT TRIANGLE
Quality
Scope
Project Managers must juggle 4 key metrics:
1. Cost – Projects are generally allocated a defined budget.
2. Schedule – Projects generally have a specified completion time.
3. Scope – Projects have specific performance objectives.
4. Quality – While meeting the first 3 metrics the outcome still must be
acceptable quality
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COMMON REASONS
PROJECTS FAIL
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Scope Creep
Poor requirements definitions
Insufficient understanding of project interdependencies.
Insufficient resource allocation
Poor communication
Lack of stakeholder management
Bad estimates
Inadequate Risk Management
Inadequate executive support
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