What are the three basic objectives of project management

Project objectives are basically expressed in three ways, namely time, cost, and technical performance (or quality standards).

The purpose of implementing a project is to make the best use of available resources so that the project achieves the desired technical results within a certain time and on a certain budget. However, these three goals are often in conflict with each other.

When the three basic goals of a project are in conflict, successful project managers take appropriate steps to weigh them and make preferences. Of course, the conflict of project goals is not limited to the three basic goals, and sometimes there are coordination problems between the project's overall goal system, which need to be weighed by the project manager according to the priority of the goals and choices.

Expanded Information

Project Management Goal Determination Process

1, Project Situation Analysis

Effective analysis of the project's entire environment, including the external environment, the upper organizational system, the market situation, the relevant stakeholders (customers, contractors, relevant suppliers, etc.), socio-economic and political/legal environment. legal environment, etc.

2. Project problem definition

After analyzing the project situation, we find out whether there are factors and problems affecting the project and its development, and classify and define the problems. The analysis yields the causes, background and boundaries of the project problems.

3, determine the project target factors

According to the analysis and definition of the project's current problems, to determine the project may affect the development and success or failure of the project's clear, specific, quantifiable target factors, such as the size of the project risk, the cost of funds, the project involves the field, inflation, the payback period and so on. Specifically should be reflected in the project justification and feasibility analysis.

4, the establishment of the project goal system

Through the project factors, to determine the objectives of all aspects of the project-related goals and objectives at all levels, and the specific content and importance of the project objectives expressed.　

5, the relationship between the goals to confirm

Which are inevitable (mandatory) goals, which are expected goals, which are milestones, what are the links and contradictions between the different goals to confirm a clear grasp of the project as a whole and to promote the development of the project.

Baidu Encyclopedia - Project Objectives