4 variables: Cost, Time, Quality, Scope. Cost has diminishing returns. Delaying Time causes coordination problems. Reducing high quality backfires quickly. Controlling border is your ideal option.

You are watching: The major variables in project management are

There is a principle in job management called the “iron triangle”.

The stole Triangle defines the should trade-off versus 3 constraints: Cost, Time, Scope. You deserve to only manage 2 out of 3.


\"*\"

However, friend may an alert that project managers / customers / clients will certainly still try to control all 3 constraints by sacrifice an implicit fourth constraint: Quality.


\"*\"

\"*\"

So instead, over there is a design from extreme Programming dubbed the four Variables: Cost, Time, Quality, Scope.


\"*\"

\"*\"

Cost. Manipulating cost to accelerate delivery has diminishing returns. There space some quick wins below with faster machines and much better equipment. After that, cost ends up being about adding human being which normally does not help in the brief term (see Mythical guy Month). There are some tactics, like pairing and mobbing, that aid with taking in people an ext effectively, yet even they space not perfect.

Time. Delaying schedule come accommodate scope usually causes wider coordination problems. If there are any type of dependencies top top a delivery, delays have tendency to cascade transparent a routine or organisation, the is, ns late and also you count on me, for this reason you’re late and they count on girlfriend so castle late, etc. This is assuming that schedule hold-up is even obtainable as an option and also not essentially fixed as result of external constraints choose legislation, timing of holidays, etc.

Quality. Sacrificing top quality to accelerate delivery tends come backfire much much more quickly than most human being expect. “Quality” here does not refer to the external characteristics of features, polish, scalability, etc. But rather the interior quality of the product the affects our capacity to continue to modify it. In fact, maintaining and also improving inner quality is more likely to boost the likelihood of distribution of Cost, Time, Scope, 보다 it is to decrease that (aka “Quality is free”).

Scope. Scope is the most an important and predictable change to control.

See more: What Does Aca Mean In Spanish ? What Is The Difference Between Aqui And Aca

most deliveries clues much an ext in terms of features and external top quality than space actually required to provide the required outcomes. The is less complicated to coordinate discovering that who will provide at least a minimal version by a certain date, through the possibility of more, than to not understand if anything will certainly be delivered.