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The Importance of Project Cost & Communication Management

In: Computers and Technology

Submitted By leooli2000
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Pages 12
Research Proposal: The Importance of Project Cost & Communication Management

Project Management in general is based on the methodology of the triple constraint. Where the effective management of time, cost and scope/quality can define the success of a project. It is generally expected that the number one concern for project managers is to manage the triple constraint. Although, project managers used the triple constraint to evaluate and balance these competing demands in a project, it also became a measurement of project success. With today’s marketplace and the complexities they bring the triple constraint is not enough to properly define when a project was actually successful. There is evidence where projects have been delivered on time, within budget and meeting all project specification and still not perceived as successful by the stakeholders. The reasoning behind these results is that there are obviously other criteria just as important as the triple constraint to truly classify a project as successful.
How to identify project success

Identifying the success of a project is not based solely on whether the project was completed on time, there are other factors to measure. Learning from failed projects is also a critical part of creating success in the overall results. Projects can be evaluated in a manner that works for the industry or business the evaluation is being conducted for. This process is not rigid in essence, it may include things such as online surveys, email surveys, round-table discussions and one-on-one phone calls are excellent ways to evaluate a project (Bell, 2013). In an article published by the Houston Chronicle the author, Elizabeth Bell, suggest the use of a 6 step process to evaluate if a project could indeed be deemed successful in which the following questions are answered:
Step 1: Are the stakeholders and customers satisfied...

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