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Introduction to Marketing

In: Business and Management

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Task 1 – P5

Any projects are carried out under certain constraints. Traditionally, they are cost, time, and scope. The Project Management Triangle that called Triple Constraint is a model of the constraints of project management show on the corners of the triangle to show opposition.

The problems that may have arisen in relation to the triple contraint :-

1. Delay in the completion date – due to unavailability of resources (either people or materials) :

The project delay due to faced huge issues as steel prices rocketed and concrete supply became unpredictable. This will delay the time for completions. To restore the triple constraint is to find alternative resources by finding other suppliers and/or ensure the supply lines continued – with main contractor Civilco crucially producing the goods at a time as this will reduce the scope and it may also reduce budget.

2. Budget over-runs – due to either the requirement for additional resources to complete the project on time, or as result of additional work being required or additional costs of resources (either people or materials) :

This happen when the project at 70 per cent complete, the worldwide financial crisis struck, posing the biggest challenge in the three-phase initiative. In order to make it on time, as a project manager, need to add on resources, increase the mainpower and increase budget to pay for overtime so that it can complete within the time frame.

As a project manager established and gain best practice, clear processes, and communicated one-to-one coordination with all team members and stakeholders. Importantly the project team was empowered to assume responsibility and manage the process effectively.

Therefore the communication skill is important for all if issues arise. Regularly monitor work progress that helps project manager to identify any problem that arise before it getting worse.

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