Compare And Contrast The Three Components Of The Triple Constraint?

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1. Compare and contrast the three components of the triple constraint. Evaluate the consequences of changes occurring in each component
The three components that make up the triple threat is time, cost, and scope. When you change one the other 2 will be affected. See the chart below.
Component What it means Consequences for changing
Time This is the time it takes to complete the project When you adjust the time, require the project complete a month earlier, either the scope of the project would have to be adjusted, the amount of money required to complete the project would increase or both.
Cost This is the estimated amount of money the project will require to complete If you decrease the budget available for the project, the time my increase …show more content…

Project Procurement Management All goods and services from outside vendors or originations are focused on in procurement management (Simcrest.com, 2013).

3. Discriminate between leadership and management. Illustrate how these two terms relate to a project manager. A leader has to focus on the entire company and the larger picture. They have long term goals of the company in mind when making decisions where a manager may focus on the smaller day to day details of everyday business. For any company the leaders can be thought of upper management or the CEO or CIO of a company where management may be a sales manager or IT manager that needs to focus on everyday business in order for it to run properly (Schwalbe, 2011). When describing the necessary skills of a project manager in order to be successful, the name manager does not exactly fit. A project manager must be able to see the entire picture and be a leader for the project while also posses the ability to focus on the smaller parts of each task to ensure the project is complete properly. A project manager must contain both leadership and management skills.

4. Provide examples for each of the three major types of organizational structure that clearly distinguish

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