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Man - 2580 Project Management

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1) Project managers frequently face competing constraints. Identify these common constraints and describe approaches that project managers can use to make the trade-offs required to succeed.

Stakeholders often have conflicting interests. It is the project manager’s responsibility to understand these constraints and try to resolve them in order for projects to succeed. One of the main constraints in my organization is resources. Every project should work within what is known as “The Triple Constraints.” They are a combination of time, money, and quality. Most projects will be able to meet one or two of the constraints but rarely all three. As PM you will have to make some thoughtful trade-off decisions to ensure that you satisfy the most important priorities for that project. If there is pressure to get a project done faster this may result in the cost going up. So the trade-off would be money for time. If budget was something that absolutely could not be compromised you may see quality impacted because you cannot purchase the highest quality product due to cost.

2) Describe the personal attributes you believe to be most critical to being a successful project manager. It takes a unique kind of person to be a successful project manager. A PM should possess good organization and documentation skills. Organization includes keeping yourself and the team focused on the big picture and prioritizing the triple constraints. They should also have strong communication and leadership skills in order to build a successful team. When you have a project manager who knows how to lead they can fuel the confidence of stakeholders and sponsors when constraints or issues arise and keep the project moving forward. I have seen projects completely fail because of a lack of communication. Successful PM’s can effectively communicate regardless of their audience or their means.

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