Questions and Answers
Quality is a combination of the standards and criteria to which the project’s products must be delivered for them to ______.
perform
Risk is defined by potential external events that will have a negative impact on your project if they ______.
occur
Resources are required to carry out the project tasks. They can be ______, equipment, facilities, funding, or anything else required for the completion of a project activity.
people
Study Notes
- The three primary constraints on a project are time, cost, and scope.
- Cost is the budget approved for the project, including all necessary expenses needed to deliver the project.
- Scope is what the project is trying to achieve. It entails all the work involved in delivering the project outcomes and the processes used to produce them.
- Quality is a combination of the standards and criteria to which the project’s products must be delivered for them to perform effectively. The product must perform to provide the functionality expected, solve the identified problem, and deliver the benefit and value expected.
- Risk is defined by potential external events that will have a negative impact on your project if they occur. Risk refers to the combination of the probability the event will occur and the impact on the project if the event occurs.
- Resources are required to carry out the project tasks. They can be people, equipment, facilities, funding, or anything else required for the completion of a project activity.
- Time is defined as the time to complete the project. Time is often the most frequent project oversight in developing projects.
- The triple constraint is illustrated in the form of a triangle to help visualize the project work and to demonstrate the relationship between the scope/quality, schedule/time, and cost/resource.
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