1 Project Management Triangle - Time, Cost and Quality - Iron Triangle
1 Project Management Triangle - Time, Cost and Quality - Iron Triangle
com
Download
The conference date was fixed and there simply wasn't enough
time to write, design and print the completed full-color training
materials by the start of the conference, thankfully the Project
triangle came to my rescue.
In other words if one part of the triangle is fixed the other two
points have to move, so if quality is fixed, time and/or cost may
need to increase.
Dennis Lock points out that many more derivations of the triangle
have since been developed (2007, p22). My perception is that the
most often seen variation is to replace performance or quality
with scope. In my opinion this is a calculated attempt to insist
that compliance to specification is - as Barnes tried to avoid - all
that is required. This is perhaps partly the cause of the common
complaint that waterfall project management methods are
inflexible, fix requirements and are resistant to change.
Assess all changes, risks and issues against the triangle and
weigh up your course of action against the impact on your critical
objective. For example if the key project constraint is cost, only
the most business critical change requests are likely to be
approved. However, if quality is the biggest goal time and cost
might move to accommodate enhancement requests.