Project Management Exam 1

Iron Triangle

The three key aspects of any project: scope, budget, and time

What is considered in the scope of the project?

Viability, feasibility, desirability

Typical pitfalls for the owner

Setting operational Criteria, Assigning a project manager

Typical pitfalls for the designer

Exploration of alternatives, final documented design

Typical pitfalls for contractors

Performing work in accordance with contract documents

Types of industry fragmentation

Vertical: by phases of project

Horizontal: By types of project or market segments (e.g. mechanical, electrical, plumbing)

Longitudinal: By time

Adaptive Alignment

Strategies to work across the boundaries of fragmentation