EFFICIENT COST MANAGEMENT AS A STRATEGY FOR NAVIGATING PROJECT CONSTRAINTS

Project management is similar to a balancing act, requiring skills to mitigate various constraints to achieve success. This paper explores the challenges encountered in project management through examples such as the Denver International Airport (DIA) Baggage Handling System Case Study. Decision-makers often underestimate the complexity of projects, leading to significant delays and cost overruns. Effective cost management emerges as a critical factor in mitigating project constraints. Recommendations for addressing these challenges include comprehensive planning, strong cost management strategies, and transparent communication among stakeholders. By implementing these recommendations, organizations can enhance their ability to overcome project complexities and achieve successful outcomes