Project managers pay a LOT of attention to the triple constraint. Costs, schedule, and scope are watched like a hawk. When one starts to slip, project managers are quick to say “pick any two.” Their interrelationship is such that you … Continued
By setting time budgets, you are not only setting yourself goals that you will stick to, but you are also setting your team members a goal for their particular task. By budgeting your time at the beginning of a project, you provide the overall project an accountability that leads to efficiency.
Project Management is not just for big budgets and large corporations. Small businesses can run more efficiently and with a better ROI by implementing PM.
Software development can be more art than a science and effectively predicting the outcome upfront is akin to predicting the weather. No wonder most software projects are delivered late and over budget.
When PMs are faced with tight budgets and even tighter time constraints, they often turn to “lean project management” to cut out any unneeded steps to get the job done as fast and as effectively as possible with little to no waste.