Project Management Triangle
The ANSI Standard for project management known as Project Management Body of Knowledge(PMBoK) defines project management as an area of activity which determines and achieves a clear project objectives, balancing among the volume of work, resources (such as money, materials, energy), time, quality and risks.
A key factor in the project management success is to have a clear specific plan in advance, to minimize risks and deviations from the plan, to have an effective change management (as opposed to the process approach, functional management and service level management).
Project Management Triangle model represents the balance between the project scope, project cost, time and quality. The quality was included later, so initially this model is known as "Triple Constraint".
As required by any undertaking the project should proceed and reach the final, encountering certain restrictions. Classically, these constraints are defined as project scope, time and cost and are related to the Project Management Triangle, each side of which represents one of the constraints. Changing one of the triangle sides invariable affects the others. Further refinement of the constraints contributed scope quality and effect, turning quality into the fourth constraint.
The constraint of time is determined by the time available to complete the project. The constraint of cost is determined by the budget allocated for the project. The constraint of scope is determined by a set of actions required to achieve the final result of the project. These three constraints are often competing with each other.
Changing the scope of the project usually leads to a change in time and cost. Tight schedule may cause an increase in cost and a decrease in the scope. A small budget may cause an extension in time and a decrease the scope.
Another approach to project management is to consider the following three constraints: finances, time and human resources. If it is necessary to reduce the time, a project manager can increase the number of employed people to solve problems, although that will inevitably lead to an increase in the budget. Due to the fact that this problem will be resolved quickly, it is possible to avoid the growth of the budget, reducing costs by an equal amount in any other segment of the project.
This project management triangle chart example is included in the Pyramid Diagrams solution from Marketing area of ConceptDraw Solution Park.
Example 1. Pyramid Diagram. Project management triangle diagram
This diagram was redesigned using ConceptDraw DIAGRAM v12 diagramming and vector drawing software from Wikimedia Commons file Project-triangle-en.svg.
See more Pyramid Diagram:
- Zooko Triangle Diagram
- Time, Quality, Money Triangle Diagram
- Project Triangle Diagram
- Purchase Funnel Diagram
- Project Triangle Chart
- Priority Pyramid Diagram
- Organization Triangle Diagram
- Knowledge Triangle Diagram
- Triangular Graphic
- Inverted Pyramid
- Fundraising Pyramid
- 3D Triangle Diagram
- DIKW Pyramid
- Five level pyramid model
- Four level pyramid model
- Three level pyramid model
TEN RELATED HOW TO's:
How to Create a Pyramid DiagramConceptDraw Pyramid Diagram software allows drawing column charts using predesigned objects or drawing tools. In ConceptDraw Pyramid Diagram software you can find a complete set of column chart tools and objects.
Pyramid DiagramThe DIKW Pyramid refers loosely to a class of models for representing purported structural and/or functional relationships between data, information, knowledge, and wisdom.
Organogram SoftwareOrganizing process is the process of creating the organizational structure of an enterprise. The organizing process consists of several stages. First, you need to divide the organization into departments, respectively to strategies, and then establish relationships of authority. After that, managing director delegates his rights and authorities.
Pyramid DiagramZooko's triangle is a diagram named after Zooko Wilcox-O'Hearn which sets out suspected tradeoffs for a system for giving names to participants in a network protocol.
Pyramid DiagramWhen thinking about the process of decision making, it's easy to imagine it as a pyramid. We will look at a three level pyramid model as an example. Operational decisions are first that come to mind, and it's the first level. Tactical and strategic decisions are the second and the third levels. Pyramid (triangle) diagrams are used to show some hierarchical data. Because to the pyramid form of diagram, each diagram slice has a different width. The width of each segment depends on its hierarchical level. The current image illustrates the model of information system types. Most graphically the model can be represented as a three level pyramid. The first level shows a system of transaction processing It is concentrated on operational tasks. The second level is devoted to tactical solutions of the information system management. And at least, the third level addresses strategy and represents the executive information system. This three level pyramid sample is supplied with the ConceptDraw Pyramid Diagrams solution from Marketing area of ConceptDraw Solution Park.
UML Class Diagram Generalization ExampleUML DiagramsThis sample was created in ConceptDraw DIAGRAM v12 diagramming and vector drawing software using the UML Class Diagram library of the Rapid UML Solution from the Software Development area of ConceptDraw Solution Park. This sample describes the use of the classes, the generalization associations between them, the multiplicity of associations and constraints. Provided UML diagram is one of the examples set that are part of Rapid UML solution.
Software Work Flow Process in Project Management with DiagramThis sample was created in ConceptDraw DIAGRAM v12 diagramming and vector drawing software using the Workflow Diagrams Solution from the Software Development area of ConceptDraw Solution Park.
This sample shows the Workflow Diagram that clearly illustrates stages a BPM consists of and relations between all parts of business. The Workflow Diagrams are used to represent the transferring of data during the work process, to study and analysis the working processes, and to optimize a workflow.