Time-Cost-Quality in Project Management

Project Management
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Table of Contents
Essay 1.............................................................................................................................................3
Time-Cost-Quality in Project Management.................................................................................3
Essay 2.............................................................................................................................................7
Google Glass Failure...................................................................................................................7
References......................................................................................................................................10
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Essay 1
Time-Cost-Quality in Project Management
The concept of time, cost and quality in project management is known as project management
triangle. All these three attributes must be managed properly during the whole life cycle of
project management. Each of the three constraints is connected to the other two constraints in a
triangle and impacts them (Atkinson, 2018).
The effective implementation and execution of time, cost and quality model enhance the
customer satisfaction, reduce overall cost due to applied quality measures on each project
activity. Further, the overall productivity is increased due to elimination of the rework on the
shoddy work. This model of project management allows the project manager to calculate the
time and cost in advance and allocate resources more effectively. Managers will be able to
identify risks before they start appearing (Picincu, 2018).
Sometimes use of quality-cost-time model increase the complexity in the processes at the
workplace. Every time changing the plans and process to manage the time-cost and quality may
lead to stress at the workplace and team members might fall behind in completing their tasks.
Managing all the activities only after analysing each one of them at the quality-cost-time model
will leave no chance for the employee to show their creativity at the workplace. They have to
abide by the strict parameters of the model. This can discourage the employees and might
hamper their performance in the project (Picincu, 2018).
This model of time-cost-quality balances the constraints and help reach to a successful
conclusion. As the project progress, some changes always occur that may impact any of three
constraints. Here are some practical implications of this model discussed below:
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