Three core elements of project management

Three core elements of project management: time, quality and cost.

1, the three elements are not important and complement each other.

2. These three elements restrict each other. Only by finding a balance point can the three elements be balanced. Many times, due to external and internal pressure, trade-offs are inevitable. To do a good trade-off analysis, the project manager should know six things:

First of all, we should clearly understand the basic causes of project conflicts;

Second, reconfirm the purpose of the project;

Third, understand the current environment and status of the project.

Fourth, seek other feasible methods;

Fifth, choose the best other methods;

Sixth, re-plan the project plan. .

The three elements of this project are the iron triangle.

Triangle is the most stable structure. Triangles are often used to increase the stability of enterprises, whether in bridges or other engineering buildings. There is also a very classic theoretical basis in project management, which is the iron triangle of project management, including time, cost and quality.

Time, cost and quality are three mutually restrictive factors in project management. The so-called iron triangle means that the change of any one of the three will affect the other two. The goal of project management is to balance the relationship between them and make them achieve the best effect. In other words, when we need to change one of the factors, other factors will also change.

If you want to shorten the construction period, you must increase the cost to ensure the quality. If you want to improve the quality, you may have to extend the time or increase the cost.