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Project Management

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1 What are PM triple constraints? Assume you have just completed a project and met all project goals except cost. How would you explain to the project stakeholders the results of this project? What would your recommendations be to meet all the constraints in the next project?

2 What are some performance measurement systems? Identify three additional potential measures of your project. Why are these measures not selected for your project?

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This soltuion answers the following questions:
1 What are PM triple constraints? Assume you have just completed a project and met all project goals except cost. How would you explain to the project stakeholders the results of this project? What would your recommendations be to meet all the constraints in the next project?

2 What are some performance measurement systems? Identify three additional potential measures of your project. Why are these measures not selected for your project?

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Project Management defined Triple Constraint as Scope, Time and Cost. The Scope defines necessary work needed to be done in order to complete the project and achieve desirable results. Time defines the duration of time needed to complete the Scope while the Cost includes both financial and labour cost. It is important to understand the notion of triple constraint as it plays a major role in managing any project. Leveraging the triple constraint, by determining a distinct priority of the components, and managing the project to that prioritization, contribute to the project success. Project Managers directly or indirectly set the priority of each of the ...

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