From Triple Constraint to the concept of Six Constraints

From Triple Constraint to the concept of Six Constraints

The Triple Constraint, also known as the Iron Triangle or Project Management Triangle, is a traditional model for managing projects that focuses on three primary constraints: scope, time, and cost. These three constraints represent the essential aspects of a project...
Project Controls Definition

Project Controls Definition

Project management has developed into a multifaceted profession, and it’s no longer plausible to expect a single individual to excel in all dimensions of project management. Different elements of project management necessitate different skill sets.    We can...
Integrating Cost Control with Project Planning

Integrating Cost Control with Project Planning

Projects are unique endeavors and there will always be uncertain information around them starting from the planning phase until their execution. Frequently, time is very limited for project members to deal with this uncertainty while trying to deliver the project....
True Cost of Project Delay

True Cost of Project Delay

For major capital expenditure projects, every day late equates to thousands of dollars lost. In fact, for an average size project, even a 10 percent overrun can lead to a $5 million hit to project profitability. Extrapolate this out to the average 20 percent to 30...