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MGT 437 Week 3 DQ 2

by: NUMBER1TUTOR Notetaker

MGT 437 Week 3 DQ 2 MKT421

Marketplace > Phoenix College > MKT421 > MGT 437 Week 3 DQ 2
Phoenix College
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MGT 437 Week 3 DQ 2
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This 0 page Study Guide was uploaded by NUMBER1TUTOR Notetaker on Monday November 9, 2015. The Study Guide belongs to MKT421 at Phoenix College taught by in Fall 2015. Since its upload, it has received 35 views.


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Date Created: 11/09/15
Discussion Question 2 What are the triple constraints What key elements are interrelated What happens if one of the elements changes How does it affect the other two Explain What are the triple constraints The Triple Constraint is a paradigm that is applicable to any kind of project It is used to illustrate how changes in competing demands are interconnected and how changing one has an effect on the others What key elements are interrelated Triple constraint refers to time cost and quality andor scope these key elements are interrelated Successful project management is both an art and a science and attempts to control corporate resources within the constraints of time cost and performance Kerzner 2006 p 681 What happens if one of the elements changes The time cost performance triangle is the magic combination that is continuously pursued by the project manager throughout the life cycle of the project Kerzner 2006 p 681 Should one of the elements changes tradeoff analysis is needed How does it affect the other two Explain the smallest change in a project or system could easily affect all of the organization s systems Kerzner 2006 p 684 Changes in one of the elements will require tradeoff analysis The remaining two elements may suffer since adjustments may need to be made Kerzner H 2006 Project Management a Systems Approach to Planning Scheduling and Controlling 9th ed New York NY Wiley


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