dreamstime_m_44559445-300x200 Project Scope & Value

Sometimes I am super busy and I wonder “How will I get it all done.”. I think that Project Management principles are great to figure that out. Every project is bound by the triple constraint of cost, time, and quality.  When you write your priorities in life, it is important to periodically assess if you are applying your resources correctly. You need to determine if you are actually applying your cost and time to what you set your priorities at.  Did you say you value your family, but spend all your time at work?  Did you place your education as a high priority, but spend a lot of time watching television?  When that is the case, you need to reassess both your true priorities and where you spend your resources.

dreamstime_m_44559445-300x200 Project Scope & Value

Cost.
What is the cost, what resources will an activity require? What about opportunity cost?

Time

What about my time? How much time does it take and how does it fit into my schedule?

Quality

What is the quality or value? This is the most important question. The value needs to be worth your cost and time.

dreamstime_m_44559445-300x200 Project Scope & Value

Two years ago I ran a 7k race with my Brother’s family in Michigan. My Brother had not run in a long time and this was the first time his kids were exposed to this type of running before. Two years have passed and the both of our families continue to run.

The value of this family experience far out weighed the cost of a flight to Michigan or the time it took to train for the race. This is a memory that was worth the time and money.

As I make decisions in my life, large and small, it is the value that matters most. Every project manager knows that.

Life is a Project!

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