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Triple Constraints in Project Management

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Select a project with which you have been involved. If you have no experience working on a project, select any project on which you can conduct research. How were triple constraint (time, cost, and performance) priorities defined for the project? Were priorities communicated clearly? If so, how were they communicated to the project team? If not, what could have been done to communicate to the team better?

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The project selected for this assignment is the implementation of ERP software in my manufacturing organization. My organization had numerous software systems for different departments, such as HRIS for the human resource department, a separate accounting software for finance department, etc. This made it extremely challenging for my growing organization to integrate all the data. Hence, the need for implementing an organization-wide ERP system that integrates all the data and information from various departments over a centralized platform, as well as allows vendors and customers as well to ...

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Discusses triple constraints of time, cost and performance in project management

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Project Management Triple Constraints and Success Factors

Lets say that your company's executives are seriously considering the idea of implementing a new supply-chain application that could give your organization a strategic edge but do not want to see it crippled like other poorly executed projects.
1. If the CEO has asked you to prepare a memo describing industry standards for improving project management, what are the critical success factors that you will discuss in the memo and why?
2. How does project management fit into the big picture of the systems development life cycle (SDLC) framework for this project?
3. Do you think that the triple constraints are a necessary evil? Why or why not?

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