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Project management triangle. The project management triangle (called also the triple constraint, iron triangle and project triangle) is a model of the constraints of project management. While its origins are unclear, it has been used since at least the 1950s. [1] It contends that:
v. t. e. Project management is the process of supervising the work of a team to achieve all project goals within the given constraints. [1] This information is usually described in project documentation, created at the beginning of the development process. The primary constraints are scope, time, and budget. [2]
Some project managers feel that the earned value management technique is misleading, because it does not distinguish progress on the project constraint (i.e., on the critical chain) from progress on non-constraints (i.e., on other paths). Event chain methodology can determine the size of the project, feeding, and resource buffers.
The theory of constraints (TOC) is a management paradigm that views any manageable system as being limited in achieving more of its goals by a very small number of constraints. There is always at least one constraint, and TOC uses a focusing process to identify the constraint and restructure the rest of the organization around it.
The critical path method (CPM), or critical path analysis (CPA), is an algorithm for scheduling a set of project activities. [1] A critical path is determined by identifying the longest stretch of dependent activities and measuring the time [2] required to complete them from start to finish. It is commonly used in conjunction with the program ...
Management process – is a process of planning and controlling the performance or execution of any type of activity. Process – ongoing collection of activities, with inputs, outputs and the energy required to transform inputs to outputs. Project – A temporary endeavor undertaken to create a unique product, service, or result.
PRINCE2 (PRojects IN Controlled Environments) is a structured project management method [1] and practitioner certification programme. PRINCE2 emphasises dividing projects into manageable and controllable stages. It is adopted in many countries worldwide, including the UK, Western European countries, and Australia. [2]
Applying the Theory of Constraints to project management; The goal of the book is the last point, but Goldratt makes it clear that educational systems must change to better accommodate the quickly changing world of business. The book walks the reader through a series of steps to establish the principles for the discussion.