Why is it Important to Balance the Project Management Triangle?

You are one with an innovative game idea to begin with! And a game development company finds the right solution with their team. They materialize your idea in a robust product which requires proper strategizing, a right team and managing meetings. Game Development is a long process, from the discussion of project insights, scope to the development phase and this is where a great project management brings a huge impact on project success. No matter how simple or complex your idea is, project management plays a crucial role in game development. An effective project management ensures that all deadlines are met on time and milestones to be delivered with a timely flow. Thus, if you need your game to be delivered with quality and on time, then pick one such game development company which has an effective project management structure.

What is Project Management Triangle?

Project management measures the need and control all three major constraints of the project — Time, Quality, and Costs (or budget). These three constraints are known as Project Management Triangle or Iron Triangle, on which the whole project stands by all time. It is an iron triangle because you can’t change any of the constraints without affecting other two key factors. That’s why,, introducing any minor changes even to any of the three factors of the Iron Triangle is difficult. Ignoring any one of the Project Management Triple Constraint may bring the risk of making the bad decisions which can impact the whole project adversely. Thus, it is necessary to have the basic understanding of the mutual dependency of all trio variables.

The triangle represents the relationship between three basic factors TIME, QUALITY AND COSTS in a project. Time is the time required to deliver the project while cost means the amount which is deemed fit for available resources and Quality represents the deliverable fitting to all standards that the project must HAVE to succeed.

The normal situation is that one of these factors is fixed and the other two will vary in inverse proportion to each other. For example time is often fixed and the quality of the end product will depend on the cost or resources available. Similarly if you are working to a fixed level of quality then the cost of the project will largely be dependent upon the time available (if you have longer you can do it with fewer people).

Before going into insights to find why important what are these constraints exactly what role they play in managing a project.

Scope

Scope basically refers to the dimensions of the work that are required to be acquired in a project. It covers all the work turned into milestones deliverable and all the services that are needed to cover all milestones. Now, if you increase the project scope, then it will affect the time and the budget constraints directly. Whenever such requests arise, a Project Manager takes the responsibility for all concerning factors to take care of the increased project costs or stretched development procedure.

Time

These constraints measure the time required for a project which depends upon various factors such as project scope, resources availability and team of expertise. Time constraints play a pivotal role in project management by deciding the time required to cover milestones, measure the velocity factor to know how much tasks will be accomplished in the given time frame. This is the reason why we prefer with scrum methodology in an agile environment which provides an ideal approach to finish the project in the dedicated timeline.

Costs

This third key dimension to manage the project is Cost which manages the budget of project budget and the number of resources required to deliver the project. To maintain the cost factor value, it is advisable to prioritize elements of scope or milestones, which are meant to be delivered first and allocate the resources accordingly at each stage of development process.

Why is it important to balance the iron triangle in Project Management?

The conceptualization of iron triangles is taken from Agile Methodology which allows the flexibility in project, and in that dynamic environment, project manager ensures timely delivery within budget and with quality deliverable. Thus, smart management for project management is important.

It’s not easy to manage and balance the scope time cost triangle at one time. Thus, Project managers divide the project into several milestones and tasks and define their priorities as well. They make sure the effective communication with clients to ensure the desired results as per the requirements.

Some of our best ways to implement the effectively manage the Triple Constraints:

Scope Sessions:

These sessions are conducted with clients to bring the Product on the floor. Here, we discuss the purpose of the project, its scope, sketch out the project milestones and procedure to finish the project. Briefly, here, we provide clear insights for what needs to be done.

Estimate:

Once, the client gets a comprehensive understanding then Project Managers can provide the estimate of the project, timelines and budget to develop the project or product successfully.

Plan:

After discussing the estimates, Project Manager pan out the plan for the tasks for the teams according to the milestones.

Team:

A team which is well accomplished with every different functional expertise. We allocate tasks to such a functional and flexible team to deliver the best solution without compromising the iron triangle.

Conclusion:

The success of a project depends upon the management and execution of the project. Thus, an effective project management is a very crucial key player whose key master is iron triangle or project management constraints. With every project, it is mandatory to deliver the deliverable on-time and in budget with quality, precisely, without compromising any constraints, quality still exists. Thus, this project management triangle becomes an affluent role player in the project’s success.