PM Chapter 1b
PM Chapter 1b
PM Chapter 1b
Chapter 1
Course Instructor
Ahsan Ali Siddiqi
Defining Project Success
In the previous section, we defined project success as the
completion of an activity within the constraints of time,
cost, and performance. This was the definition used for
the past thirty to forty years or so. More recently, the
definition of project success has been modified to include
completion:
• Within the allocated time period
• Within the budgeted cost
• At the proper performance or specification level
• With acceptance by the customer/user
• With minimum or mutually agreed upon scope changes
• Without disturbing the main work flow of the organization
• Without changing the corporate culture
TRADE-OFFS AND COMPETING
CONSTRAINTS
Trade-off: are situations where one aspect of a
project may be sacrificed to gain an advantage
with another aspect.
Constraints: are something that limits or restricts
someone or something.
The traditional projects have usually triple
constraints, namely time, cost, and
performance, where performance can be scope,
quality, or technology.
The Entry Level Project Manager
• Too often, people desire a project management position without
fully understanding what the job entails. Some people believe that
they will be given a vast amount of authority, they will make any
and all decisions on the project, they will have control of a small
empire of workers which they personally hired, and they will
interface with executives within and outside of their firm.