Project Management the Project Parameters Involved in Essay

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Project Management

The project parameters involved in overhauling a luxury tour bus, like any complex project, are bound by the limitations of scope, schedule, and cost. Also known as the triple constraint, a project's size, deadline for completion, and budgetary boundaries work in tandem so that a project manager cannot make alterations to one without necessarily affecting the others. Because controlling a project's scope is integral to effectively managing the other aspects of the triple constraint, many project managers prefer to develop a detailed Statement of Work (SOW) to clearly define every task necessary for project completion (Schwalbe, 2011). The following report details the impact of these limiting factors on the current luxury tour bus renovation project by examining each element of the triple constraint individually, while an SOW has been provided to describe the processes used throughout the life of the project.

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Luxury Tour Bus Renovation Project:

Budget: A total of $10,000 has been allotted from the corporate budget to renovate the luxury tour bus. This amount includes the original $8,000 project budget estimate, and an additional $2,000 contingency sum intended to cover any unexpected expenses.

Schedule and Statement of Work (SOW): The 30-day project will begin on the 1st of April with an appraisal of the tour bus in its current condition, as team members identify all salvageable materials that can be preserved for future use. On April 3rd, the demolition process will commence, with team members removing old seats, windows, and other debris from the buses' interior. This process is scheduled to take two (2) days, and once the interior has been gutted the renovation process will commence. On April 7th a delivery….....

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