Revisiting the golden triangle of cost, time and quality: The role of NPV in project control, success and failure

Paul D. Gardiner, Kenneth Stewart

    Research output: Contribution to journalArticle

    65 Citations (Scopus)

    Abstract

    The paper examines the relationship between project budgets, cash flow, cost control and time schedules. It considers the theoretical effect that each can have on the net present value (NPV) of a project. The paper proposes that investment appraisal techniques, such as NPV, can and should be used as an ongoing monitor of project health. Finally, the theoretical points are tested on a small sample of project managers. In conclusion, the research indicates that some project managers' claims that they have "delivered" their project successfully may be false. © 2000 Elsevier Science Ltd and IPMA.

    Original languageEnglish
    Pages (from-to)251-256
    Number of pages6
    JournalInternational Journal of Project Management
    Volume18
    Issue number4
    Publication statusPublished - Aug 2000

    Keywords

    • Cash flow
    • Investment appraisal
    • NPV
    • Project control
    • Project manager
    • Shareholder value

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