The importance of project management is constantly growing. Project management methodologies play a pivotal role in driving transformations across diverse domains, fostering innovation, and realizing strategic objectives. Project success is measured by criteria such as scope, time, cost, quality and stakeholder satisfaction. The project management golden triangle, a fundamental construct in this discipline, comprises three interlinked variables - scope, cost, and time - that collectively determine the project's quality. To achieve project success in various businesses and manage those three elements, the project manager must have a deep understanding of each element and where they have the opportunity to be flexible to accommodate changes throughout the project.
Golden Triangle: Scope, Time and Cost in Project Management
Golden Triangle: Scope, Time and Cost in Project Management
Description
The micro-module is intended for all students, regardless of background, who want to gain theoretical and practical knowledge on how to successfully manage the golden triangle of a project - scope, time and cost.
The Team
- Study format
- Online
- Application period
- 30 July – 1 October 2024
- Study period
- 15 October – 19 November 2024
- Credits
- 2 ECTS
- Pace
- 0%
- Hosting university
- Kaunas University of Technology
Learning outcomes
Recognize projects and describe project scope
Having completed course, the student should be able to describe the project concept and project environment, apply various techniques to describe project requirements, develop works breakdown structure, project deliverables, outputs and outcomes.
ESCO SKILLS
Apply project schedule and cost management tools
Having completed course, the student should be able to develop the project schedule, estimate project resources, establish project budget, apply various techniques of project schedule and cost management.
ESCO SKILLS
Potential progress
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Information
The importance of project management is constantly growing. Project management methodologies play a pivotal role in driving transformations across diverse domains, fostering innovation, and realizing strategic objectives. Project success is measured by criteria such as scope, time, cost, quality and stakeholder satisfaction. The project management golden triangle, a fundamental construct in this discipline, comprises three interlinked variables - scope, cost, and time - that collectively determine the project's quality. To achieve project success in various businesses and manage those three elements, the project manager must have a deep understanding of each element and where they have the opportunity to be flexible to accommodate changes throughout the project.
Hosting university
Kaunas University of Technology
