Erik,
From my point of view, nothing has really changed.
I know this is a strange thing to say, so let me explain:
The "traditional" triple constraints are a metaphor that allows you to explain to someone who is new to PM that these constraints affect each other. If you change one up, then another one needs to go down. However, nobody ever agreed upon what these "traditional" triple constraints really were. Some people even had a list of 4 triple constraints.
Over the past few years the prevailing opinion was that the "traditional" triple constraints really don't represent the real life project environments. Everybody KNEW that we had a multitude of constraints that affected each other in untold ways, but the image of these "triple" constraints was so ingrained in our teaching and thinking that we kept using the it.
So in this update to the PMBOK Guide the PMI is simply documenting what's really happening on all our projects: We have a multitude of constraints.
- The skill level of our resources affects quality
- Increasing quality requirements affects cost
- A cut in our budget means we cannot hire skilled resources
- Unskilled resources will affect our project schedule.
- Cutting your schedule back by two weeks will lower your budget but affect your cost and resources.
We look at this quite in-depth in episode "E01.36 Competing Project Constraints".
But in the end the concept is a simple one: If you make a change to one area of your project you will affect another.
Until Next Time,
Cornelius Fichtner, PMP, CSM
President, OSP International LLC