Balancing Time, Scope, and Budget Constraints in Large IT Projects

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Published: Jul 18, 2024
Keywords:
time management, IT project management, budget control, scope management, Agile, risk mitigation, resource optimization

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Rakesh Jena
Biju Patnaik University of Technology, Rourkela, Bhubaneswar, Odisha 751024

Abstract

Large IT projects often face significant challenges in managing the constraints of time, scope, and budget. Striking a balance between these constraints is critical for achieving project success and avoiding failures such as scope creep, delays, or budget overruns. This paper examines strategies and frameworks used in IT project management to mitigate these risks. It explores how Agile methodologies, risk management frameworks, and resource optimization tools can improve project outcomes. Furthermore, this study presents case examples demonstrating practical approaches to balancing these constraints. The research concludes with recommendations for project managers on achieving optimal trade-offs

Article Details

How to Cite
Jena, R. (2024). Balancing Time, Scope, and Budget Constraints in Large IT Projects. Journal of Quantum Science and Technology (JQST), 1(3), Jul(86–95). Retrieved from https://jqst.org/index.php/j/article/view/56
Issue
Vol. 1 No. 3 (2024): Special Issue Jul-Sep 2024
Section
Review Article
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• Mahadik, S., Murthy, P., Kumar, R., Goel, O., & Jain, A. (2023). The influence of market strategy on product success. International Journal of Research in Modern Engineering and Emerging Technology (IJRMEET), 11(7).

• 0. Khair, Md Abul, Srikanthudu Avancha, Bipin Gajbhiye, Punit Goel, and Arpit Jain. 2023. "The Role of Oracle HCM in Transforming HR Operations." Innovative Research Thoughts 9(5):300. doi:10.36676/irt.v9.i5.1489.

• Khair, Md Abul, Amit Mangal, Swetha Singiri, Akshun Chhapola, and Om Goel. 2023. "Advanced Security Features in Oracle HCM Cloud." SHODH SAGAR® Universal Research Reports 10(4):493. doi: https://doi.org/10.36676/urr.v10.i4.1360.

• Arulkumaran, Rahul, Dignesh Kumar Khatri, Viharika Bhimanapati, Lagan Goel, and Om Goel. 2023. "Predictive Analytics in Industrial Processes Using LSTM Networks." Shodh Sagar® Universal Research Reports 10(4):512. https://doi.org/10.36676/urr.v10.i4.1361.

• Arulkumaran, Rahul, Dignesh Kumar Khatri, Viharika Bhimanapati, Anshika Aggarwal, and Vikhyat Gupta. 2023. "AI-Driven Optimization of Proof-of-Stake Blockchain Validators." Innovative Research Thoughts 9(5):315. doi: https://doi.org/10.36676/irt.v9.i5.1490.

• Arulkumaran, R., Chinta, U., Bhimanapati, V. B. R., Jain, S., & Goel, P. (2023). "NLP Applications in Blockchain Data Extraction and Classification." International Journal of Research in Modern Engineering and Emerging Technology (IJRMEET), 11(7), 32. https://www.ijrmeet.org

• Agarwal, N., Murthy, P., Kumar, R., Goel, O., & Agarwal, R. (2023). "Predictive analytics for real-time stress monitoring from BCI." International Journal of Research in Modern Engineering and Emerging Technology (IJRMEET), 11(7), 61. https://www.ijrmeet.org.

• MURALI MOHANA KRISHNA DANDU, Vishwasrao Salunkhe, Shashwat Agrawal, Prof.(Dr) Punit Goel, & Vikhyat Gupta. (2023). "Knowledge Graphs for Personalized Recommendations." Innovative Research Thoughts, 9(1), 450–479. https://doi.org/10.36676/irt.v9.i1.1497.

• Murali Mohana Krishna Dandu, Siddhey Mahadik, Prof.(Dr.) Arpit Jain, Md Abul Khair, & Om Goel. (2023). "Learning To Rank for E commerce Cart Optimization." Universal Research Reports, 10(2), 586–610. https://doi.org/10.36676/urr.v10.i2.1372.

• Vanitha Sivasankaran Balasubramaniam, Siddhey Mahadik, Md Abul Khair, Om Goel, & Prof.(Dr.) Arpit Jain. (2023). "Effective Risk Mitigation Strategies in Digital Project Management." Innovative Research Thoughts, 9(1), 538–567. https://doi.org/10.36676/irt.v9.i1.1500.

• Vanitha Sivasankaran Balasubramaniam, Rahul Arulkumaran, Nishit Agarwal, Anshika Aggarwal, & Prof.(Dr) Punit Goel. (2023). "Leveraging Data Analysis Tools for Enhanced Project Decision Making." Universal Research Reports, 10(2), 712–737. https://doi.org/10.36676/urr.v10.i2.1376.

• Balasubramaniam, Vanitha Sivasankaran, Pattabi Rama Rao Thumati, Pavan Kanchi, Raghav Agarwal, Om Goel, and Er. Aman Shrivastav. 2023. "Evaluating the Impact of Agile and Waterfall Methodologies in Large Scale IT Projects." International Journal of Progressive Research in Engineering Management and Science 3(12): 397-412. DOI: https://www.doi.org/10.58257/IJPREMS32363.

• Archit Joshi, Rahul Arulkumaran, Nishit Agarwal, Anshika Aggarwal, Prof.(Dr) Punit Goel, & Dr. Alok Gupta. (2023). Cross Market Monetization Strategies Using Google Mobile Ads. Innovative Research Thoughts, 9(1), 480–507. https://doi.org/10.36676/irt.v9.i1.1498.

• Archit Joshi, Murali Mohana Krishna Dandu, Vanitha Sivasankaran, A Renuka, & Om Goel. (2023). Improving Delivery App User Experience with Tailored Search Features. Universal Research Reports, 10(2), 611–638. https://doi.org/10.36676/urr.v10.i2.1373.

• Krishna Kishor Tirupati, Murali Mohana Krishna Dandu, Vanitha Sivasankaran Balasubramaniam, A Renuka, & Om Goel. (2023). End to End Development and Deployment of Predictive Models Using Azure Synapse Analytics. Innovative Research Thoughts, 9(1), 508–537. https://doi.org/10.36676/irt.v9.i1.1499.

• Joshi, Archit, Raja Kumar Kolli, Shanmukha Eeti, Punit Goel, Arpit Jain, and Alok Gupta. 2023. "MVVM in Android UI Libraries: A Case Study of Rearchitecting Messaging SDKs." International Journal of Progressive Research in Engineering Management and Science 3(12):444-459. https://doi.org/10.58257/IJPREMS32376.

• Tirupati, Krishna Kishor, Shreyas Mahimkar, Sumit Shekhar, Om Goel, Arpit Jain, and Alok Gupta. 2023. "Advanced Techniques for Data Integration and Management Using Azure Logic Apps and ADF." International Journal of Progressive Research in Engineering Management and Science 3(12):460–475. doi: https://www.doi.org/10.58257/IJPREMS32371.

• Sivaprasad Nadukuru, Archit Joshi, Shalu Jain, Krishna Kishor Tirupati, & Akshun Chhapola. 2023. "Advanced Techniques in SAP SD Customization for Pricing and Billing." Innovative Research Thoughts 9(1):421–449. https://doi.org/10.36676/irt.v9.i1.1496.

• Sivaprasad Nadukuru, Dr S P Singh, Shalu Jain, Om Goel, & Raghav Agarwal. 2023. "Implementing SAP Hybris for E-commerce Solutions in Global Enterprises." Universal Research Reports 10(2):639–675. https://doi.org/10.36676/urr.v10.i2.1374.

• Nadukuru, Sivaprasad, Venkata Ramanaiah Chintha, Vishesh Narendra Pamadi, Punit Goel, Vikhyat Gupta, and Om Goel. 2023. "SAP Pricing Procedures Configuration and Optimization Strategies." International Journal of Progressive Research in Engineering Management and Science 3(12):428–443. doi: https://www.doi.org/10.58257/IJPREMS32370.

• Pagidi, Ravi Kiran, Shashwat Agrawal, Swetha Singiri, Akshun Chhapola, Om Goel, and Shalu Jain. 2023. "Real-Time Data Processing with Azure Event Hub and Streaming Analytics." International Journal of General Engineering and Technology (IJGET) 12(2):1–24.

• Pagidi, Ravi Kiran, Jaswanth Alahari, Aravind Ayyagari, Punit Goel, Arpit Jain, and Aman Shrivastav. 2023. "Building Business Intelligence Dashboards with Power BI and Snowflake." International Journal of Progressive Research in Engineering Management and Science (IJPREMS) 3(12):523-541. DOI: https://www.doi.org/10.58257/IJPREMS32316.

• Pagidi, Ravi Kiran, Santhosh Vijayabaskar, Bipin Gajbhiye, Om Goel, Arpit Jain, and Punit Goel. 2023. “Real Time Data Ingestion and Transformation in Azure Data Platforms.” International Research Journal of Modernization in Engineering, Technology and Science 5(11):1-12. doi:10.56726/IRJMETS46860.

• Kankanampati, Phanindra Kumar, Santhosh Vijayabaskar, Bipin Gajbhiye, Om Goel, Arpit Jain, and Punit Goel. 2023. "Optimizing Spend Management with SAP Ariba and S4 HANA Integration." International Journal of General Engineering and Technology (IJGET) 12(2):1–24.

• Kshirsagar, Rajas Paresh, Vishwasrao Salunkhe, Pronoy Chopra, Aman Shrivastav, Punit Goel, and Om Goel. 2023. “Enhancing Self-Service Ad Platforms with Homegrown Ad Stacks: A Case Study.” International Journal of General Engineering and Technology 12(2):1–24.

• Kshirsagar, Rajas Paresh, Pagidi, Ravi Kiran, Phanindra Kumar Kankanampati, Raghav Agarwal, Shalu Jain, and Aayush Jain. 2023. “Implementing Advanced Analytics for Real-Time Decision Making in Enterprise Systems.” International Journal of Electronics and Communication Engineering (IJECE).

• Kshirsagar, Rajas Paresh, Venudhar Rao Hajari, Abhishek Tangudu, Raghav Agarwal, Shalu Jain, and Aayush Jain. 2023. “Improving Media Buying Cycles Through Advanced Data Analytics.” International Journal of Progressive Research in Engineering Management and Science (IJPREMS) 3(12):542–558. Retrieved (https://www.ijprems.com).

• Kshirsagar, Rajas Paresh, Jaswanth Alahari, Aravind Ayyagari, Punit Goel, Arpit Jain, and Aman Shrivastav. 2023. “Cross Functional Leadership in Product Development for Programmatic Advertising Platforms.” International Research Journal of Modernization in Engineering Technology and Science 5(11):1-15. doi: https://www.doi.org/10.56726/IRJMETS46861.

• Kankanampati, Phanindra Kumar, Nishit Agarwal, Venkata Ramanaiah Chintha, Aman Shrivastav, Shalu Jain, and Om Goel. (2023). "Ensuring Compliance in Global Procurement with Third Party Tax Solutions Integration." International Journal of Progressive Research in Engineering Management and Science 3(12):488-505. doi: https://www.doi.org/10.58257/IJPREMS32319.

• Kankanampati, Phanindra Kumar, Raja Kumar Kolli, Chandrasekhara Mokkapati, Om Goel, Shakeb Khan, and Arpit Jain. (2023). "Agile Methodologies in Procurement Solution Design Best Practices." International Research Journal of Modernization in Engineering, Technology and Science 5(11). doi: https://www.doi.org/10.56726/IRJMETS46859.