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Triple Constraints of Project Management (DOC)

   

Added on  2020-03-23

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Running head: PROJECT TRIPLE CONSTRAINTSProject Triple Constraints: Success of SAP ERP Project in IBMName of the student:Name of the university:
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1PROJECT TRIPLE CONSTRAINTSTable of Contents1. Introduction..................................................................................................................................22. Project triple constraints in terms of time cost performance value.............................................23. Time cost and performance value................................................................................................34. Explanation of success including value components...................................................................3References........................................................................................................................................5
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2PROJECT TRIPLE CONSTRAINTS1. IntroductionThis report depicts the importance of value chain and the components of triple constraintsin project success. In order to gain competitive advantages and huge success from the projectdomain it is very much necessary to consider three of the project constraints such as time, costand performance of the employees who are working for the business organization. In order torepresent this particular report the real world project that has been selected is the role of SSAPERP success in IBM. In traditional days the information management system was very muchpoor and the employees had to work hard for the successful completion of any project howeverafter the implementation of SAP ERP system management of data has become quite easier(Fleming & Koppelman, 2016). Considering the IBM SAP ERP project it has been found that inthe very initial phase the project manager has considered the triple constraints in terms of time,cost and performance. 2. Project triple constraints in terms of time cost performance value From the project practices it has been determined that, three different kinds of projectcould be generated from the triple constraints of project management like time pressed project,scope critical project and cost challenged project (Martinelli & Milosevic, 2016). If the projectmanager fails to estimate project budget within a specific time schedule then it is quite obviousthat the project will lead towards massive loss. Projects are often referred to as a customarysituation for any business organization. According to Kerzner (2013), the triple projectconstraints are as follows:
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