Logo

Navigation
  • Home
  • Services
    • ERP Solutions
    • Implementation Solutions
    • Support and Maintenance Solutions
    • Custom Solutions
    • Upgrade Solutions
    • Training and Mentoring
    • Web Solutions
    • Production Support
    • Architecture Designing
    • Independent Validation and Testing Services
    • Infrastructure Management
  • Expertise
    • Microsoft Development Expertise
    • Mobile Development
    • SQL Server Database and BI
    • SAP BI, SAP Hana, SAP BO
    • Oracle and BI
    • Oracle RAC
  • Technical Training
    • Learn Data Management
      • Business Intelligence
      • Data Mining
      • Data Modeling
      • Data Warehousing
      • Disaster Recovery
    • Learn Concepts
      • Application Development
      • Client Server
      • Cloud Computing Tutorials
      • Cluster Computing
      • CRM Tutorial
      • EDI Tutorials
      • ERP Tutorials
      • NLP
      • OOPS
      • Concepts
      • SOA Tutorial
      • Supply Chain
      • Technology Trends
      • UML
      • Virtualization
      • Web 2.0
    • Learn Java
      • JavaScript Tutorial
      • JSP Tutorials
      • J2EE
    • Learn Microsoft
      • MSAS
      • ASP.NET
      • ASP.NET 2.0
      • C Sharp
      • MS Project Training
      • Silverlight
      • SQL Server 2005
      • VB.NET 2005
    • Learn Networking
      • Networking
      • Wireless
    • Learn Oracle
      • Oracle 10g
      • PL/SQL
      • Oracle 11g Tutorials
      • Oracle 9i
      • Oracle Apps
    • Learn Programming
      • Ajax Tutorial
      • C Language
      • C++ Tutorials
      • CSS Tutorial
      • CSS3 Tutorial
      • JavaScript Tutorial
      • jQuery Tutorial
      • MainFrame
      • PHP Tutorial
      • VBScript Tutorial
      • XML Tutorial
    • Learn Software Testing
      • Software Testing Types
      • SQA
      • Testing
  • Career Training
    • Career Improvement
      • Career Articles
      • Certification Articles
      • Conflict Management
      • Core Skills
      • Decision Making
      • Entrepreneurship
      • Goal Setting
      • Life Skills
      • Performance Development
      • Personal Excellence
      • Personality Development
      • Problem Solving
      • Relationship Management
      • Self Confidence
      • Self Supervision
      • Social Networking
      • Strategic Planning
      • Time Management
    • Education Help
      • Career Tracks
      • Essay Writing
      • Internship Tips
      • Online Education
      • Scholarships
      • Student Loans
    • Managerial Skills
      • Business Communication
      • Business Networking
      • Facilitator Skills
      • Managing Change
      • Marketing Management
      • Meeting Management
      • Process Management
      • Project Management
      • Project Management Life Cycle
      • Project Management Process
      • Project Risk Management
      • Relationship Management
      • Task Management
      • Team Building
      • Virtual Team Management
    • Essential Life Skills
      • Anger Management
      • Anxiety Management
      • Attitude Development
      • Coaching and Mentoring
      • Emotional Intelligence
      • Stress Management
      • Positive Thinking
    • Communication Skills
      • Conversation Skills
      • Cross Culture Competence
      • English Vocabulary
      • Listening Skills
      • Public Speaking Skills
      • Questioning Skills
    • Soft Skills
      • Assertive Skills
      • Influence Skills
      • Leadership Skills
      • Memory Skills
      • People Skills
      • Presentation Skills
    • Finding a Job
      • Etiquette Tips
      • Group Discussions
      • HR Interviews
      • Interview Notes
      • Job Search Tips
      • Resume Tips
      • Sample Resumes
 

Project Management Structure and Variables

By Exforsys | on August 24, 2011 |
Project Management Process

The Project Management Triangle

The most basic structure for project management is called the PM triangle. As with any project that requires a group of humans to reach towards a goal, a project must be completed successfully under specific circumstances.

While there are many circumstances or constraints that a project may face, three of the best known as cost, scope, and time. It is these three factors that form the structure of the PM triangle. When the constraints are refined to a much higher degree, performance can also be thought of as the fourth constraint. The time constraint involves how much time is available to complete a given project.

The cost constraint involves the amount of money or resources that has been set in a budget for the project, and the scope constraint is basically used to define the things that have to be done in order for the project to be completed successfully.

As you would expect, the constraints for any two projects are not exactly the same. In addition to this, the constraints discussed so far will often be in fierce competition with the others. For example, when a team decides to increase the scope of the project, this means that both time and cost will rise as well. If time is short, then this also means that the cost will be high, but the scope could be small.

In situations where the team is working with a small budget, they will have their time increased, but their scope will be decreased. Project management is a very important because it involves the provision of techniques and tools which will allow the team, as opposed to just the PM, to structure their work so that it is possible for them to meet the three constraints introduced.

In addition to these three factors, one of the most important aspects of a project is the WBS, or Work Break Down structure. The WBS uses what is called a tree structure for project composition.

The Work Breakdown Structure

The WBS is responsible for showing a collection for effort which is necessary for a team to achieve its goals. This could come in the form of getting a program, as well as a contract. While the WBS can be connected to the development of hardware, it may also be connected to the development of services or processes as well.

When it comes to projects for contracts, the WBS will start with a number of things, and some of these things include the end goal, and breaking the project into components which are manageable. It will split up tasks in terms of duration, size, and who is responsible for them. A number of steps will also be available so that the task can be completed properly.

The WBS is critical because it offers a standard framework when it comes to the properly development, planning, an control of a project, and it is the foundation that most teams use when it comes to breaking down the workload into parts which can be completed incrementally.

Despite this, projects are not complete when teams do not make use of the project control variables. To understand this, you must be able to understand one of the main goals of project management, which is to capture control over a variety of different variables, most notably risk. There are a number of potential areas for failure, and these are described as being risks that are negative.

Variables For Project Control

The vast majority of risks can be successfully overcome, but this will require the proper amount of planning for capabilities, as well as for resources and time. Based on some definitions, risk may be defined as being positive, which means that there may be some potential opportunities which come with it.

Typically, these opportunities will allow the project to be successfully completed much faster than what was originally anticipated. It is often possible for both the customers as well as other organizations to have an effect on the three primary project management variables. The risk which remains is largely controlled by the team itself.

« « Project Management Approach
Project Plan Structuring Process » »

Author Description

Avatar

Editorial Team at Exforsys is a team of IT Consulting and Training team led by Chandra Vennapoosa.

Free Training

RSSSubscribe 394 Followers
  • Popular
  • Recent
  • Using the Gantt Chart for Project Management

    September 3, 2011 - 0 Comment
  • How to Close a Project Properly

    September 4, 2011 - 0 Comment
  • Project Plan Structuring Process

    August 26, 2011 - 0 Comment
  • Project Management Approach

    August 23, 2011 - 0 Comment
  • Project Management Change Control

    August 28, 2011 - 0 Comment
  • Comparison Between SDLC Models

    August 20, 2011 - 0 Comment
  • Project Risk Management Process

    August 29, 2011 - 0 Comment
  • Creating Project Cost Estimates

    August 22, 2011 - 0 Comment
  • Project Manager

    August 18, 2011 - 0 Comment
  • Project Control Systems

    August 19, 2011 - 0 Comment
  • How to Close a Project Properly

    September 4, 2011 - 0 Comment
  • Using the Gantt Chart for Project Management

    September 3, 2011 - 0 Comment
  • Software for Project Management

    September 2, 2011 - 0 Comment
  • Work Breakdown Structure (WBS)

    September 1, 2011 - 0 Comment
  • Risk Control Within Project Management

    August 31, 2011 - 0 Comment
  • Projects Risk Analysis

    August 30, 2011 - 0 Comment
  • Project Risk Management Process

    August 29, 2011 - 0 Comment
  • Project Management Change Control

    August 28, 2011 - 0 Comment
  • Project Plan Structuring Process

    August 26, 2011 - 0 Comment
  • Project Management Approach

    August 23, 2011 - 0 Comment

Exforsys e-Newsletter

ebook
 

Related Articles

  • How to Close a Project Properly
  • Using the Gantt Chart for Project Management
  • Software for Project Management
  • Work Breakdown Structure (WBS)
  • Risk Control Within Project Management

Latest Articles

  • Project Management Techniques
  • Product Development Best Practices
  • Importance of Quality Data Management
  • How to Maximize Quality Assurance
  • Utilizing Effective Quality Assurance Strategies
  • Sitemap
  • Privacy Policy
  • DMCA
  • Trademark Information
  • Contact Us
© 2023. All Rights Reserved.IT Training and Consulting
This website uses cookies to improve your experience. We'll assume you're ok with this, but you can opt-out if you wish.AcceptReject Read More
Privacy & Cookies Policy

Privacy Overview

This website uses cookies to improve your experience while you navigate through the website. Out of these, the cookies that are categorized as necessary are stored on your browser as they are essential for the working of basic functionalities of the website. We also use third-party cookies that help us analyze and understand how you use this website. These cookies will be stored in your browser only with your consent. You also have the option to opt-out of these cookies. But opting out of some of these cookies may affect your browsing experience.
Necessary
Always Enabled
Necessary cookies are absolutely essential for the website to function properly. This category only includes cookies that ensures basic functionalities and security features of the website. These cookies do not store any personal information.
Non-necessary
Any cookies that may not be particularly necessary for the website to function and is used specifically to collect user personal data via analytics, ads, other embedded contents are termed as non-necessary cookies. It is mandatory to procure user consent prior to running these cookies on your website.
SAVE & ACCEPT