When using the term time as a constraint, we mean the allotted time that you have in which to accomplish your project. Depending on the project, there may be limitations to the time you have. The Y2K project, if we can call it that for purposes of this discussion, was limited by the time constraint of December 31, 1999.
But there are other time constraints as well. Perhaps management imposes a timeline on the project that requires the project to be completed on or before a given day. Your project might be driven by competition, and you may be constrained by the need to beat the competition to the punch.
There may be a window of opportunity event that drives a project— another product, project, or event that your project can benefit from (or be killed by!). Dor example, if you are working on a project that's developing a part that will be used in the latest model of mid-size sport utility vehicles, then you have a distinct window of opportunity that's driven by the cars' model year.
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