Hybrid time-quality-cost trade-off problems

Abstract

Agile and hybrid project management has become increasingly popular among practitioners, particularly in the IT sector. In contrast to the theoretically and algorithmically well-established and developed time-cost and time-quality-cost project management methods, agile and hybrid project management lacks a principle foundation and algorithmic treatment. The aim of this paper is to fill this gap. We propose a matrix-based method that provides scores for alternative project plans that host flexible task dependencies and undecided, supplementary task completion while also covering traditional time-quality-cost trade-off problems. The proposed method can bridge the agile and traditional approaches. Keywords: Time-quality-cost trade-off problems, Hybrid project management approaches, Matrix-based project planning