5 Questions
True or false:Spending too much time on the project initiation stage can lead to high project risk but low business risk.
False
What are the three elements that make up the triple-constraint for measuring project success?
Timeline, budget, and team morale
What are the three common criteria used to measure success in product development?
Feasibility, desirability, and viability
Which stage of product development involves ongoing training, support, and maintenance?
The final stage involving ongoing training, support, and maintenance
True or false:Project management is solely focused on achieving operational excellence in ongoing operations.
False
Study Notes
- Conventional project success is measured by the iron triangle or triple-constraint.
- The triple-constraint comprises three elements: timeline, budget, and quality outcomes.
- Quality outcomes involve product scope and performance.
- Project success criteria are interconnected.
- Enhancing one criterion may lead to a shortfall in another.
- Some experts argue that the triple-constraint only represents a small portion of project success.
- A successful project delivers business value.
- Delivering value means providing the right product, not just meeting specifications.
- Project success is not solely dependent on meeting specifications.
- The appropriate specifications must be met to deliver value to stakeholders.
Test your knowledge on project success criteria with this informative quiz! Explore the iron triangle or triple-constraint and its three elements, as well as the importance of quality outcomes and their impact on project success. Discover how enhancing one criterion can affect another and why some experts argue that the triple-constraint only represents a small portion of project success. Finally, learn about the importance of delivering business value and how meeting specifications is not the sole determinant of project success. This quiz is perfect for project managers, team leaders
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