Projects Have 4 Corners, Not 1 Or 2
- Topics:
- Project Management
- Tags:
- Duration,
- Management,
- Projects,
- Security,
- Strategy
- Source:
- Hampton Group
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Overview: Projects are like a tube of toothpaste. When we squeeze on the duration corner of a project by lopping a month off the duration, the toothpaste oozes out one of the other corners. When we cut the duration, the project will either achieve less, cost more or have a higher risk of failure. Problems come when two of the corners are hidden from view because PMs quantify only a project's budget and duration but not the level of the business-relevant achievement or the level of risk.
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Format: PDF | Size: 94KB | Date: Aug 2006 | Pages: 2
