A successful project must be completed on time, within budget, and deliver a quality product that satisfies users and meets requirements.
Project management techniques can be used throughout the SDLC.
System developers can initiate a formal project as early as the preliminary investigation stage, or later on, as analysis, design, and implementation activities occur.
As the sign in Figure 3-3 suggests, sometimes you have to decide what is most important.
The same concept applies to systems development, where the factors include budget limits, time constraints, and quality standards. As long as everything is in balance, like the see-saw in Figure 3-4, the project will be successful.