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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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1. Communication is one area. Without communication, project planning and implementation is hampered. Everyone has to know and understand the project and how it works to be successful. Another is the efficient use of resources, beginning in the planning stages. Knowing the resources needed and how they will be used can help effectively apply the resources and where changes in a project's critical path may be affected by the lack or limited access to resources. There should be as much standardization of the process as possible as well. Standardization makes projects familiar and easier for employees to find and fix issues before they become problems. The project must align with the strategic plan of the company. Without this, the project does not mesh well with the company's other projects and the strategic plan is no longer the guiding plan for the company's success. Management of the project's complexity is another key to success. Make sure the complexity is understood and the budget is in place to handle the project ...

Solution Summary

The solution touches on the subject of critical success factors, project management in systems development life cycle, and the triple constraints. References included.