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

Paul D. Gardiner; Kenneth Stewart

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 journal › Article › peer-review

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 language	English
Pages (from-to)	251-256
Number of pages	6
Journal	International Journal of Project Management
Volume	18
Issue number	4
Publication status	Published - Aug 2000

Keywords

Cash flow
Investment appraisal
NPV
Project control
Project manager
Shareholder value

Cite this

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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. {\textcopyright} 2000 Elsevier Science Ltd and IPMA.",

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N2 - 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.

AB - 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.

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KW - Investment appraisal

KW - NPV

KW - Project control

KW - Project manager

KW - Shareholder value

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JO - International Journal of Project Management

JF - International Journal of Project Management

IS - 4

ER -

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

Abstract

Keywords

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