Budgeting and Management of Operations

Research Paper (undergraduate) from the year 2012 in the subject Business economics - Business Management, Corporate Governance, grade: 1, ( Atlantic International University ) (School of Business and Economic), course: Budgeting and Operation Management, language: English, abstract: The project scope, time and cost are the cornerstones of project management. The triple constrains in project management is the concept indicating the relationship in between the project scope, time and cost management, it tells us that altering one of the three will affect other two factors. While the scope, time and cost were proved being the project performance measurements and determinant of the project success. Hence, this brief essay intended to acquire the project management community (students and managers) perfect understanding of what role do the triple constrain play in the modern project based management particularly at the project planning and monitoring and controlling management processes. It describes with the existing link in between the project scope, Time and cost Management processes.