What Is a Project, Project Constraints


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We analyze the concept of a project and its key constraints: time, budget, and scope (the triple constraint).

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What Is a Project: Goals and Constraints

A project is a temporary endeavor aimed at creating a unique product or service. Unlike operational activity, a project always has a beginning and an end.

The magic triangle of constraints

  • Time: The work execution schedule.
  • Cost: Budget limits.
  • Scope: The list of what must be done.

Changing any of these sides inevitably affects the other two. Quality project management is the art of balance within this triangle.

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Identify one customer problem and formulate a measurable value proposition that can be tested through real sales.
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Usually 2-6 weeks: formulate the hypothesis, launch an MVP for a narrow segment and get the first demand and unit-economics numbers.
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16 июля
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