Tips for CEOs on addressing the project management triple constraints (time, cost, and quality).
Updated: Nov 24, 2022
Following are a few considerations for the CEOs when making decisions on technology platform build:
Time: When building a platform, the engineering process goes through several stages, from requirements to design, development, testing, and deployment. The quality of the platform is compromised if any of these steps are skipped or not correctly time-boxed. Reasonable estimates should reflect the total time to build, iterate, test, deploy and improve.
Quality: Without an adequate quality assurance (QA) process, the platform does not perform as expected when it goes live, and that represents a huge, missed opportunity, potentially damaging marketing and sales growth plans, and customer relations. If the organization uses outside development firms, ensure you can monitor and consistently improve outputs from the firm.
Cost: Make sure the allocated budget for the development can deliver the expected results in terms of features, time, and quality.
If an external partner will deliver the platform, select the one that provides the work you need at the right price, emphasizing quality and realistic timescales. It is essential to look at the clients they’ve worked with, how they rate them, the reviews, and other indicators of their ability to deliver a quality product.
The ideas mentioned above are meant as information to ease your organizational processes. However, if you would like a more detailed overview, do not hesitate to reach out to me at email@example.com.
I have years of experience building Technology and providing Technology Due Diligence as a CTO, and I am available for fruitful discussions.