Project Management
Revisiting the Three Constraints Associated with Managing a Project
As I mentioned in my last article, project management has become a critical skill for efficiently and effectively aligning valuable resources to achieve an organization鈥檚 important operational, strategic and sales projects. In this article, I鈥檇 like to address something that all three of these categories of projects have in common. They are all constrained by three elements 鈥� Time, Cost and Requirements.
Just How Important are Projects in Today鈥檚 Organizations?
In any organization, work can be broken down into two categories 鈥� operations and projects. Operations are the organization鈥檚 on-going, repetitive activities, such as manufacturing, staffing or accounting. These activities are primarily focused on keeping things running. On the other hand, project work is temporary in nature, having defined start and end dates; project work produces unique outputs. Though both categories of work have some things in common (people, resources, goals), they require different sets of skills and tools.
