We Cannot Trade Quality for Schedule or Budget!

Topics:
Benchmarking,
Budgeting,
Business Process Management,
Goal-setting,
Project Management
Tags:
Quality
Source:
Global Knowledge

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Overview: It is not uncommon for people to say, "Fast, cheap, or good-choose two." Most people interpret this to mean that if you want a short schedule and a low budget, you must sacrifice quality. And the corollary is that if you want quality, you must expect a longer schedule or higher costs.

But "quality" is not one of the "Triple Constraints"! The PMBOK® teaches us that every project must balance time, cost, and scope. When budget and schedule are constrained, it is scope that must be given up, not quality! And it is increasing scope (not quality) that increases costs or schedules.

Download this paper to learn why you can't save time and money on your project by minimizing quality.

(Is this item miscategorized? Does it need more tags? Let us know.)

Format: PDF | Date: Jan 2006 | Pages: 5

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