Forums › Ask ACCA Tutor Forums › Ask the Tutor ACCA SBL Exams › Project management
- This topic has 2 replies, 2 voices, and was last updated 3 years ago by shram.
- AuthorPosts
- March 30, 2021 at 6:07 am #615485
I am confuse with the Constraints of the project I am aware about. Is both option below is right or which one is better than another?
Either:
Quality, Time and costOr:
Human resource, financial resource, technical resourceMarch 30, 2021 at 8:15 am #615490Both are accurate, but perhaps a hierarchy might help to see how they relate. In addition, the first three can often be regarded as targets more than constraints (though both terms are used)
Projects must hit their targets of cost, quality, time and scope (ie what the project achieves in terms of deliverables).
Insufficient human, financial and technical resources resources will threaten those targets. Eg if you can’t get enough people quality, time taken and scope might be missed and costs might increase if you have to turn to subcontracting firms.
Similarly, insufficient technical resource will play havoc with all the targets (as might be seen in many government projects!)
March 31, 2021 at 2:52 am #615555Thank you for your immediate response.
I was clear about the terms for first list and second list and its interaction between each other.
I was only confused with listing for the question asked for constraints of project.
Now, I think I am clear for constraints i.e choose second list than first list.Have a good day.
- AuthorPosts
- The topic ‘Project management’ is closed to new replies.