The triple constraints of time, cost and quality have serious impacts on project outcomes and need to be fully appreciated by management from project initiation and balanced within a framework of corporate priorities.
Each constraint brings a chief benefit, and it is this chief benefit that drives project priority. Once the constraints are chosen and organized toward priority, the project strategy and project plan are crafted to support this outcome. To refocus constraint priority mid project means retooling the project strategy and project plan mid deliver… the impact can be disastrous.
Get very clear on the true project priority early, and drive everything behind realizing it!