Triple Constraints

1. The triple constraints within project management are recognized as the time, costs and resources, and the scope of a project. These are important due to the structure and path that they create for a project as well as their balance between each other. When one constraint is affected, for instance the costs and resources increasing, the other constraints are then directly affected as well. If the costs of a project increase, the time that the project takes may be increased, and the entire scope of the project could end up being adjusted as well.

2. Every project will contain the triple constraints being time, costs and resources, and a project scope. Time is often recognized by the duration in time the project will take. This is directly affected by the other two

Each of the five phases have different activities that dictate the actions taken within them. For instance, the project initiation phase is normally when teams will form, the project charter will start to be prepared, and the stakeholders and sponsors will be approached. The project planning phase is when the risks, issues, and budget are all defined as well as the completion of teams. There is also a necessary approval of anything else stated in the project at this point. The project execution phase is normally seen as the launch or testing phase. The work has begun and it is adjusted to fit the needs of the organization. It is at this phase that tasks are distributed amongst teams. The monitoring phase is the next phase in the project. This is often recognized as a "Go-Live" phase where there is a direct analysis of the project here compared to what was predicted. There is a tracking and control procedure that takes place to work out any additional issues with the project. Lastly, the closure phase is seen as the end of the project. This is where the financials are closed, the risks are resolved, and the client approves the outcome of the project. This often includes some sort of evaluation as