Thursday, October 27, 2011

Project Management Triangle and Project Baseline






What is Project Management Triangle or Triple Constraint?
  • The triple constraint is depicted as a triangle with cost, scope, and schedule as the sides of the triangle.
  • In order to create customer satisfaction, we must perform all of the scope that was promised for the budget that we promised and deliver it when it was promised

What are the Project Baselines?
  • A project has three baselines that will be used for performance and progress measurement. They are the scope baseline, the time or schedule baseline, and the cost baseline.
  • The scope baseline is the sum of the deliverables of the project. It represents all the work that must be done to complete the project.
  • The time baseline is the schedule of all the work that will be done to produce the scope baseline.
  • The cost baseline is the budget of the project. A budget is the timephased cost of all the work in the project schedule.

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