Project Management Triangle
The ANSI Standard for project management known as Project Management Body of Knowledge(PMBoK) defines project management as an area of activity which determines and achieves a clear project objectives, balancing among the volume of work, resources (such as money, materials, energy), time, quality and risks.
A key factor in the project management success is to have a clear specific plan in advance, to minimize risks and deviations from the plan, to have an effective change management (as opposed to the process approach, functional management and service level management).
Project Management Triangle model represents the balance between the project scope, project cost, time and quality. The quality was included later, so initially this model is known as "Triple Constraint".
As required by any undertaking the project should proceed and reach the final, encountering certain restrictions. Classically, these constraints are defined as project scope, time and cost and are related to the Project Management Triangle, each side of which represents one of the constraints. Changing one of the triangle sides invariable affects the others. Further refinement of the constraints contributed scope quality and effect, turning quality into the fourth constraint.
The constraint of time is determined by the time available to complete the project. The constraint of cost is determined by the budget allocated for the project. The constraint of scope is determined by a set of actions required to achieve the final result of the project. These three constraints are often competing with each other.
Changing the scope of the project usually leads to a change in time and cost. Tight schedule may cause an increase in cost and a decrease in the scope. A small budget may cause an extension in time and a decrease the scope.
Another approach to project management is to consider the following three constraints: finances, time and human resources. If it is necessary to reduce the time, a project manager can increase the number of employed people to solve problems, although that will inevitably lead to an increase in the budget. Due to the fact that this problem will be resolved quickly, it is possible to avoid the growth of the budget, reducing costs by an equal amount in any other segment of the project.
This project management triangle chart example is included in the Pyramid Diagrams solution from Marketing area of ConceptDraw Solution Park.
Example 1. Pyramid Diagram. Project management triangle diagram
This diagram was redesigned using ConceptDraw DIAGRAM diagramming and vector drawing software from Wikimedia Commons file Project-triangle-en.svg.
See more Pyramid Diagram:
TEN RELATED HOW TO's:
Big and complex projects sometimes need some simplification of plans and schedules. That's why Program Evaluation and Review Technique was invented and first implemented in 1958. You can create PERT diagrams effortlessly with ConceptDraw DIAGRAM and share them with your colleagues.
Program Evaluation Review Technique (PERT) is a method that is used to assess and analyze projects. PERT is a valuable tool for the project management practice. PERT gives an assessment and analysis of the time needed to the project completion. A PERT chart is a visual tool that delivers a graphical view of a project timeline. It is used to display the sequences and dependences of project tasks necessary to complete a project. ConceptDraw DIAGRAM delivers the possibility to build a PERT along with other diagrams applied to assist management process by using its Seven Management and Planning Tools solution.
Picture: Program Evaluation and Review Technique (PERT) with ConceptDraw DIAGRAM
ConceptDraw DIAGRAM diagramming and vector drawing software extended with unique SCRUM Workflow solution from the Project Management area of ConceptDraw Solution Park allows fast and easy design professional-looking Scrum Workflow Diagrams and Scrum workflow scheme for projects required when working on projects and managing them, when developing software with cutting-edge Agile methodologies.
Picture: Scrum workflow
The activity of any organization is more or less branchy network of processes. The description of these processes is a hard technical task which requires definite methodology and standards.
According to the IDEF0 standard any process can be described in the form of a block (Activity Box) which has inputs and outputs. The process consists in transformation of inputs into outputs under the influence of the management and in the presence of necessary resources. Outputs of the given process later on can be either inputs for the next process or resources, or management means.
Picture: IDEF0 standard with ConceptDraw DIAGRAM
Drawing the diagrams we try to find in help the powerful software and now we have the ConceptDraw DIAGRAM. The ability easily create the SDL diagrams is made possible thanks to unique Specification and Description Language (SDL) Solution from the Industrial Engineering Area of ConceptDraw Solution Park. This solution extends ConceptDraw DIAGRAM 2 libraries - SDL Connectors and SDL Diagrams that contain 70 predesigned SDL flowchart symbols.
Picture: SDL Flowchart Symbols
Teams working with Scrum methodology use the product backlog items (PBIs), bug work item types (WITs), reports and dashboards. SCRUM Workflow solution for ConceptDraw DIAGRAM software offers collection of samples, variety of predesigned objects, clipart and graphic elements, a set of Scrum process work items and workflow which are developed for agile teams working using Scrum.
Picture: Scrum process work items and workflow
The metal–oxide–semiconductor field-effect transistor (MOSFET, MOS-FET, or MOS FET) is a type of transistor used for amplifying or switching electronic signals.
Although the MOSFET is a four-terminal device with source (S), gate (G), drain (D), and body (B) terminals, the body (or substrate) of the MOSFET is often connected to the source terminal, making it a three-terminal device like other field-effect transistors. Because these two terminals are normally connected to each other (short-circuited) internally, only three terminals appear in electrical diagrams. The MOSFET is by far the most common transistor in both digital and analog circuits, though the bipolar junction transistor was at one time much more common.
26 libraries of the Electrical Engineering Solution of ConceptDraw DIAGRAM make your electrical diagramming simple, efficient, and effective. You can simply and quickly drop the ready-to-use objects from libraries into your document to create the electrical diagram.
Picture: Electrical Symbols — MOSFET
Any business process consists from a number of tasks carrying out the certain business goal. It is useful to diagram business processes to ensure that they are as foolproof, logical and sequential as possible. This business process diagram describes a typical booking process flow by the example of a cab booking process. It can be used as a roadmap for any booking system implementation. Diagramming a business process allows you to look at the entire project and take into account all types of possible scenarios. Business process diagram helps you investigate and clarify the process thoroughly so that you can find out how it can be improved. Business process diagram supports team communications by ensuring that each process element is clear and everyone in the team is on the same page.
Sometimes your company brings you less profit than you expect it to be, and it’s difficult to reveal the causes. Maybe it’s time to learn new technologies, because business diagram are easily developed by means of special software, so you won’t make any extra effort. In return, you will increase your productivity and get more done in a less time.
Picture: Business Diagram Software
Data storage in clouds is very popular and widely used in the modern world. The Amazon is one of the companies which provide this service. Amazon Web Services offers the inexpensive and reliable cloud computing services, that's why many large companies prefer the Amazon Cloud for storage and operating their data. It is convenient to draw various AWS diagrams explaining the use of amazon cloud with help of tools of AWS Architecture Diagrams Solution from the Computer and Networks Area of ConceptDraw Solution Park.
Picture: Amazon Cloud
This sample was created in ConceptDraw DIAGRAM diagramming and vector drawing software using the Flowcharts solution from the Diagrams area of ConceptDraw Solution Park.
This sample shows the Flowchart of the Subprime Mortgage Crisis. This Flowchart describes the decline in housing prices when the housing bubble burst and what it caused on the housing and financial markets. You can also see the Government and Industry responses in this crisis situation.
Picture: Flowchart on Bank. Flowchart Examples