In this webinar, we introduce you to the Project Triangle of Scope, Time and Cost, and discuss some techniques for helping Project Managers manage the core triple constraints of projects.
We cover the following topic areas:
• Describe methods for managing project conflict in the iron triangle
• Describe the elements of the PMBOK® Guide, Fifth Edition, related to Scope, Time and Cost
• What is the Work Breakdown Structure (WBS) and how to develop one
The Triple Constraint of Project Management - Lou Bergner
1. What is it and why is
it important?
Presented by
Lou Bergner: PMP, MBA
Senior Consultant, MAX
“Great instructor! I would take any class that Lou offered!”
Laura, IT professional with global contract research organization.
October 7, 2015
Welcome to
2. Upcoming Webinars for
Project Managers & BusinessAnalysts
“Class was interactive and that kept my attention to learn more.”
Michele, Business Analyst with property casualty insurance group
10/13
Preparing for the PMI Professional in BA Exam
Laura Paton
10/21
How Business Analysts Provide Value in Today’s Work
Lou Bergner
10/29
Managing a Project with Your Team
Laura Gray
3. E x p e r t I n s t r u c t i o n i n L e a d i n g T e c h n o l o g i e s
4. “MaxTrain is still my favorite training provider.”
David, Project Manager with non-profit hospital system
About MAX
P u b l i c , P r i v a t e , C u s t o m C l a s s e s , a ny t i m e , a ny w h e r e , a ny w ay.
5. “Thank you! Staff at MAX is outstanding!”
Jason, Business Analyst with IT infrastructure provider
Housekeeping
6. About our speaker
“Lou’s the man!”
Cory, Business Analyst with international insurance group.
Lou Bergner, PMP, MBA
Senior Consultant
Lou brings over 25years of project management and business
analysis consulting and training expertise in multiple industries
from banking to manufacturing and in both profit and non-profit
sectors.
Lou’s extensive background includes working with organizations
around the world to provide best practices expertise.
As a Project Management Professional, Lou has an MBA and
blends a manager’s perspective with his PM skills. He combines
these strengths with his understanding of technology to support
clients improve processes.
10. – Bachelors degree – 4500 hours of project
management experience experience – in last 8 years
• Spread over at least 36 months
• Some experience in each process group
– High School diploma – 7500 hours of project
management experience experience – in last 8 years
• Spread over at least 60 months
• Some experience in each process group
10
Education and Experience
12. • 35 Contact hours or project management
training
12
Project Management Training
13. • PMI members
– Exam $405
– Membership $125
– Local Chapter membership $ 25 – optional
– TOTAL $555
• Non-members
– Exam $555
13
Cost
14. • Certification period – 3 years
• Continuing professional development
– 60 Professional Development Units (PDUs) every 3
years
• Education
• Work
• Contribution to the profession
14
Maintaining PMP Certification
16. • Lack of senior management support
• Poor scope definition
• Lack of user participation
• Failure to use formal risk management
16
Major Causes of Project Failure
Standish Group – 2009 CHAOS Report
Summary
18. • Project – a temporary endeavor undertaken to
create a unique product, service, or result
• Constraint – a limiting factor that affects the
execution of a project, program, portfolio, or
process
• Assumption – a factor that in the planning process
is considered to be true, real, or certain, without
proof or demonstration
*PMBOK, 5th edition, Glossary
18
Definitions
19. • You can have it fast, cheap
or good… pick two
19
Triple Constraint
SCOPE
TIME COSTSTAKEHOLDER
EXPECTATIONS
20. • Changes to any element of the triple
constraint requires changes in one or more of
the others
• For example – increasing the scope requires
an increase in cost and/or time
20
Change Requests and Tradeoffs
21. • Hierarchical list of project deliverables
• Ultimate definition of project scope
• Use only nouns
• If it is not on the WBS it is not happening
21
SCOPE:
Work Breakdown Structure (WBS)
28. “MAX leads the way!”
Ben, IT Professional with regional technology provider.
29. Business Professional Training
Professional Skills
Agile / Scrum
ITIL - ITSM
Leadership
Project Management
Process Management
Business Analysis & Solutions
Business Writing
Microsoft Solutions Framework
Train The Trainer
“Excellent Program. Now I clearly understand the critical
importance of preparing for a project.”
Cecily, Project Manager with regional university.
Professional Skills
Certifications
PMP Certification Program
BA Certification Program
ITSM Certification Program
50+ Courses for Business Professionals. Select Few Include:
www.maxtrain.com | 513-322-8888
Related Courses of Interest Date
Strategic Business Analysis Oct. 15
Tools for Conducting Effective Meetings Oct. 16
Effective Project Management Oct. 22-23
PMI Professional in Business Analysis (PMI-PBA®) Nov. 9-10
PMP Exam Prep Course Nov. 16-20
Planning and Managing Agile Projects Dec. 2-4
Managing a Project with Your Team Dec. 3-4
Requirements Elicitation Dec. 14-15
Use Case Workshop Dec. 16-17
Microsoft Project 2010 and 2013 all Levels Oct. – Dec.
Direct Courses of Interest Date
Project Time Management Oct. 26-27
Project Cost Management Oct. 28-29
Project Risk Management Nov 9 - 10
30. 1. Money Back Guarantee
2. Employer Insurance If a MAX-trained employee leaves
your company within six months of completing training at
MAX, we will re-train his/her replacement for free.
3. Free Retake If the class is running and there is a seat
available – you’re in at no additional cost.
4. Guaranteed to Go When four students are registered for
a public class - the show goes on.
5. Food, Games, and Really Fast Computers
At MAX, we think learning should be fun. Our primary goal
is to put a hot computer in front of every student, plenty of
legroom, a generous work surface, and comfy training. In
MAX’s roomy lounge, students snarf up munchies, and sip
their favorite brew from a bottomless pot.
Visit: www.maxtrain.com
Call: 513-322-8888, 866-595-6863
Email: info@maxtrain.com
Connect with us:
FaceBook.com/maxtechtraining
LinkedIn.com/company/max-
technical-training
Twitter: @MAXCincinnati
YouTube.com/maxtechnicaltraining
“MAX provides averycomfortableand relaxedenvironmentfor training. I
especiallylikedthat MAX provideddrinks,snacks,pens, highlighters, etc.”
David, IT Professional with international technical staffing organization.