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

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
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How Business Analysts Provide Value in Today’s Work
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4. “MaxTrain is still my favorite training provider.”
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About MAX
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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.

7. Triple Constraint
A PM Webinar
prepared by
LB Associates

8. • Project Management Professional Certification
Exam (PMP)
• Triple Constraint
8
Agenda

9. APPLICATION FOR THE PMP
CERTIFICATION EXAM
9

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

11. • Initiation
• Planning
• Execution
• Monitoring and Controlling
• Closing
11
Process Groups

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

15. TRIPLE CONSTRAINT
15

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

17. TRIPLE CONSTRAINT
17
Stakeholder
Expectations

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)

22. 0
Car
1
Chassis
1.1 Rails
1.2 Cross
members
1.3
Mounts
2
Engine
2.1 Block
2.2
Radiator
2.3
Starter
2.4 Valves
3
Drive Train
3.1
Transmission
3.2 Cam
shaft
3.3 Axles
3.4
Gears
4
Interior
4.1
Seats
4.2
Controls
4.2.1
Steering wheel
4.2.2
Door & window
hardware
4.2.3
Dashboard
4.3 Decor
22
WBS – Org Chart Format

23. 0
Car
1
Chassis
1.1 Rails
1.2 Cross
members
1.3 Mounts
2
Engine
2.1 Block
2.2
Radiator
2.3 Starter
2.4 Valves
3
Drive Train
3.1
Transmission
3.2 Cam
shaft
3.3 Axles
3.4
Gears
4
Interior
4.1
Seats
4.2
Controls
4.2.1
Steering wheel
4.2.2
Door & window
hardware
4.2.3
Dashboard
4.3 Decor
WBS – the starting point
23

24. Adding Activities and Resources
1
Chassis
1.1
Rails
1.1.1
Fabricate
rails
1.1.2
Assemble
Chassis
1.2
Cross
Members
1.2.1
Fabricate
rails
1.3
Motor
Mounts
1.3.1
Fabricate
motor
mounts
1.3.2
Assemble
chassis
1.3.3
Paint
Chassis
24

25. 25
Building the Schedule
start
Fabricate Rails
Fabricate Rails
(cross mbrs)
Fabricate Motor
Mounts
Assemble Chassis Paint Chassis end

26. Calculating The Budget
1
Chassis
1.1
Rails
1.1.1
Fabricate
rails
1.1.2
Assemble
Chassis
1.2
Cross
Members
1.2.1
Fabricate
rails
1.3
Motor
Mounts
1.3.1
Fabricate
motor
mounts
1.3.2
Assemble
chassis
1.3.3
Paint
Chassis
26
$ $ $ $ $ $ $ $

27. • Triple Constraint
– Scope – WBS
– Time – Schedule
– Cost – Budget
27
Wrap-up

28. “MAX leads the way!”
Ben, IT Professional with regional technology provider.

29. Business Professional Training
Professional Skills
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ITIL - ITSM
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Project Management
Process Management
Business Analysis & Solutions
Business Writing
Microsoft Solutions Framework
Train The Trainer
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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:
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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

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