Project Management Plan Template Page 7
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21Project Management Planning
Project Plan Format
Initial Release
1.0
Date:
January 1997
Project Trade Off
Managing a project requires the balancing of three factors: resource, schedule,
and scope. These three factors are interrelated, i.e., a change in one of them
Matrix and Status
causes the others to change as well. The project trade off matrix shows the
Summary
relative importance of each factor:
•
constrained means the factor cannot be changed
•
accepted means the factor is somewhat flexible to the project
circumstance
•
improved means that the factor can be adjusted.
Also included on this page of the template is a matrix for project status. The
matrix reflects whether the technical, schedule, and cost estimates for each task
are behind, on schedule, or ahead of schedule. Comments are added for any
deviation from the original estimate. For each project, the unique teams or
phase should be filled in the appropriate category.
3. Project Tradeoff Matrix and Status Summary
Schedule
Scope
Resources
CONSTRAINED
ACCEPTED
IMPROVED
Identify variable to be CONSTRAINED, IMPROVED, ACCEPTED
+/- Status
Team/Phase
Technical
Schedule
Cost
Comment
Completed this phase ahead of schedule,
Req
On
Ahead
On
on budget
Completed this phase ahead of schedule,
Dev Team 1
On
Ahead
On
on budget
Completed this phase ahead of schedule,
Dev Team 2
On
On
On
on budget
Cannot be closed until installation is
Testing
On
On
On
complete
Additional pieces of hardware were required
Installation
Behind
Behind
On
to complete statewide rollout causing impact
to technical, schedule & cost
Project Management Methodology
PM Planning
Project Plan Format
Page 7
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