Part 1: What is Project Management?

Various fields, including engineering and construction, healthcare, and information technology (IT), involve a set of complex components that have to be completed and assembled in a set fashion to create a functioning product. Therefore, the organizational setups’ fundamental task is to leverage available resources such as personnel, finances, technology, and intellectual property to achieve the ultimate goals. Due to the nature and complexity involved in firm-based endeavors, a strategic management process is pertinent to attain the underlying goals. This strategy is called project management (PM). Hence, PM is defined by the Project Management Institute as the application of knowledge, skills, tools, and techniques to project activities to meet the project requirements (Project Management Institute, 2021). Notably, the definition emphasizes the technical term ‘project.’ Accordingly, a project is a temporary endeavor undertaken to create a unique product, service, or result (Project Management Institute, 2021). Therefore, the overall implication from the definition is that PM is not a routine operation but a unique set of operations designed to meet a particular organizational goal.

u00a0

The primary challenge in managing a project is to achieve the overarching goals within the given constraints, including time, scope, and scope. Scholars have developed an aphorism called the Triple Constraint Theory for comprehending the interrelatedness among the constraints (Van Wingaard et al., 2012). Although the model has elicited varied interpretations among scholars, the literature shows a general agreement that the project scope, time, and cost comprise the three key triple constraint variables. Accordingly, project time addresses the scheduling and duration of activities, and cost addresses the project’s budget and resources (Van Wingaard et al., 2012). The scope variable is concerned with the requirements and work of the project. u00a0The triangle reflects the interrelatedness of the three variables and involves trade-offs. That is, one side of the triangle cannot be changed without impacting the others. Moreover, the project quality is central in all the three triple constraintu00a0variables and is affected by balancing the three factors (Van Wingaard et al., 2012). The triple constraint triangle, also called the iron triangle, is representable by the following model.

u00a0

Figure 1

Illustration of Triple Constraint Triangle

Back to Lesson
Emmanuel Addo
Founder
Facebook Youtube Instagram

Emmanuel Addo is the founder of the Young Global Leaders Network, an international non-governmental organization registered in six (6) countries namely, Ghana, United Kingdom, Nigeria, Sierra Leone, Democratic Republic of Congo, and South Sudan and has a membership strength of over 15,000 young black professionals, students, graduates, and aspiring leaders.

The organization also operates in 25 other African countries. Emmanuel also doubles as the chief convener and founder of the Young African Leaders Summit, one of the largest continental youth summits in Africa.  

Currently works at Kingston University as a Business Engagement Team Member in their Partnerships and Engagement Department. 

He characterizes energy, integrity, result-oriented, and ground-breaking service in each detail of strategic management, change management, stakeholder management, and leadership acquaintances.
Emmanuel owns a core background in Sociology and Psychology from the University of Ghana.

Leveraging his experience as a youth activist and a dynamic young man, Emmanuel founded the Young Global Leaders Network, a youth organization that comprises young diplomats, young politicians, and aspiring politicians, business/entrepreneurial business leaders with the aim of championing a mutual agenda for the African youth and promoting youth participation in governance as well as promoting entrepreneurial culture.
Emmanuel nurtures an environment of teamwork and has expertise in data collection and analysis as well as both quantitative and qualitative methods.

Emmanuel worked as an Associate Lecturer at the London College of Advanced Management where he delivered a wide range of business management courses that involved principles of marketing, leadership, operation management, and research methods. Emmanuel has always maintained high teaching and learning standards to ensure that his students’ stand out in academic achievements and successful progression. As a stout believer and passionate key player in volunteering; Emmanuel creates quality time to giving back gladly to his community what he has learned and to educate individuals with free consultancy on career development. He is a leader anyone would love to look up to and with great integrity, commitment, and passion to make the world a better place.
Emmanuel worked as Qualifications Manager at the Open University in the UK.

Emmanuel is also the founder of Kickstart Innovation Hub Ltd, the entrepreneurial hub of Young Global Leaders Network.