PRESENTATION

BY SHILLAR BRIGHT KASEMIRE

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 THE ROLE OF COST, QUALITY AND TIME IN PROJECT
PROCUREMENT-THE PROJECT MANAGEMENT TRIANGLE
 The procurement triangle of time, cost and quality depicts the
explanation that the key project criteria (the ‘risk’ at the top
of the triangle) will drive the choice of procurement route,
with the other ‘risk’ factors (at the base of the triangle) taking
a lower priority.

 The triangle demonstrates how these three variables are

linked if one of the variables is changed, the other two must
be adjusted in order to keep the triangle connected.

 For instance, if the triangle breaks that is, if one point is

moved without adjusting one or both of the other points
along with it, the quality of the project will suffer.
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 The project managemnet triangle is deeply
embedded in the traditional building procurement
system.

 As it is often argued that time, cost and quality are

the principal feasible objectives of any client in any
procurement project (Bowen et al., 2012).

 Although it is claimed that time, cost and quality are

incorporated in the management of construction
projects; research has shown that in fact a time-cost
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 Illustration of the project procurement/management
triangle

The successful accomplishment of the project objective can be

constrained by many factors, including scope, quality, schedule, budget,
resources, risks, customer satisfaction, and stakeholder support
(Rugenyi, 2015).

However, there are the project procurement triangle of time, cost and
quality that bounds the universe within which every project must be
achieved (Dobson M. S., 2004).
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 ROLE FURTHER EXPLAINED
• No single variable of the project triangle can be
changed without making tradeoffs with the other
two points of the triangle.
• It’s the project manager’s job to balance all three
elements in order to keep their project within
budget and on deadline while still fulfilling the
specifications of the project’s scope.
• It’s a project manager’s job to balance the three
points of the triangle to achieve the best possible
quality while staying within budget, on deadline,
and adhering to the project specifications.
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 Detailed description of the role of each of the
project management triangle variables, namely
Time, Cost and Quality

1. Time
 In any procurement or construction project, time is
much observed as a criterion for the success
completion by project managers including clients,
contractors and consultants.

 Any procuremnt/management project completed on time, to

the management effort will help to control both costs and
quality
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 2. Cost
 Project cost refers to the resources, financial and
otherwise required for the project. It might include labor
costs, hardware, software, and other charges.

 Consideration on costs involved during procurement

project. Hence it would not make business sense to give
project managers an unlimited budget to achieve their
work (Bowen et al., 2012)

 project managers have to allocate additional resources in

order to meet the deadlines with a penalty of additional
project costs (Bowen et al., 2012; Rugenyi, 2015)
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 Cost is incurred to acquire the resources of the
project. If you want good and experienced people to
work on your project, you will need to pay good
money

 For good Quality of work in your project, you have to

invest money and acquire quality assets and
resources

 Calculation of all the costs is essential to ensure that

the project is not under budget or over budget.
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 3. Quality
• Total quality management is the integration of all functions and
processes within an organisation in order to achieve continuous
improvement of the quality of goods and services (Vincent &
Joel, 1995). The key aim is satisfying clients.

• Furthermore, in order to achieve successful project quality

management three separate drivers to quality management
must be managed, namely:

1. Integration of the project team so as to have a single objective and a

common culture
2. A customer focus for the team thereby facilitating the provision of
products and services that will meet the clients’ needs
3. A process of continuous improvement in the management of the
construction project
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 Relationship of quality issues with cost and
time in project procurement and management

• A quality management system must be

maintained, evaluated, monitored and
enhanced regularly.

• Procurement (Management) projects

necessitate higher quality at a lower cost and in
a shorter time frame making it difficult to
achieve a balance between the quality-cost-time
relationship. shillar bright presentation 10
 END

Thank you for listening!

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