NT2799: Week 3 WAN Management Exercise 3.1 Michael K Higdon Critical Components of a Project

In the following document you will be given an overview of how budget and schedule are critical components of all projects that you encounter in your everyday business. I am going to give you some ideas and concepts that you can use to alter the outcome of said project. I am not saying that my ways are the best ways to be successful in your project management needs. I am going to communicate what has worked for me in the areas of Quality, Time and Cost.

In project management there is something that we use called “The Project Management Triangle”? It uses these three key variables as the guidelines in building your projects success. I once overheard a client at my job telling someone that they can have the project done fast, good and then there is cheap. You have to pick two points of the triangle that you want. You can never have all three. I do not believe this philosophy when it comes to success in the business field; I think that you can have all three. When breaking down a project triangle let me give you some background. Fast usually refers to the timeline in getting the job done that has been asked. When you talk about Good, this refers to the quality that you will receive and cheap refers to the cost or resources throughout the project. I am going to review all three points of the triangle, as well as the importance of quality. In addition, I will explain when the triangle may need to change in the favor of quality in a project. The definitions will be brief but to the point. Quality - I found that quality is defined as fitness for use and adherence to requirements. That being said this is achieved when both conditions are met to achieve quality. In project management the project manager is responsible for determining what will be