Question

What is Project Planning ? How do you plan the Cost Dimensions in the Project Management ?

Answer 1

Hey Mate

The project management triangle is used by managers to analyze or understand the difficulties that may arise due to implementing and executing a project. All projects irrespective of their size will have many constraints.

Although there are many such project constraints, these should not be barriers for successful project execution and for the effective decision making.

There are three main interdependent constraints for every project; time, cost and scope. This is also known as Project Management Triangle.

Let's try to understand each of the element of project triangle and then how to face challenges related to each.

hope it helps you