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System Development and Project Management. 1 Explain the triple constraint and its importance in project management. The triple constraint involves making tradeoffs between scope, time and cost for a project. It is inevitable in a project life cycle that there will be changes to the scope, time or cost of the project. There is a high failure rate in IT projects between 30 to 70 per cent due to late delivery, exceeding budget, or not delivering what was agreed upon.
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