Monitoring and Controlling the Scope, Schedule, and Resources

High-quality projects deliver the promised product, service, or result within the planned budget, schedule, and scope. This is a very important and basic criterion of success: Complete the project with complete scope, on schedule, and within budget. So, it should not come as a surprise when project performance is largely measured by making integrated measures of scope, schedule, and cost and comparing them to the scope, schedule, and cost baselines. So, the three fundamental project parameters are scope, schedule, and cost. You will see in this chapter that these three project parameters are intrinsically connected by a triangular relationship. Because the success of the project depends largely on how you manage this triangle, we call it the golden triangle. Because these parameters are intrinsically connected, so too are their monitoring and controlling. A parameter that is closely related to these parameters is resources. These keywords were added by machine and not by the authors. This process is experimental and the keywords may be updated as the learning algorithm improves.