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This page has been created to post information that applies to "OUR EMPLOYEES ONLY" and inform them about various topics, which are mainly Project Management & Human Resources related.

PROJECT TRIANGLE SECRET

The Myth of The Holy Triangle

 

The real value of the project triangle is to show the complexity that is present in any project. The plane area of the triangle represents the near infinite variations of priorities that could exist between the three competing values. By acknowledging the limitless variety, possible within the triangle, using this graphic aid can facilitate better project decisions and planning and ensure alignment among team members and the project owners.

Example

The project triangle as a "pick any two" Euler diagram.

 

You are given the options of Fast, Good and Cheap, and told to pick any two.

Here Fast refers to the time required to deliver the product, Good is the quality of the final product, and Cheap refers to the total cost of designing and building the product.

This triangle reflects the fact that the three properties of a project are interrelated, and it is not possible to optimize all three – one will always suffer. In other words you have three options:

  • Design something quickly and to a high standard, but then it will not be cheap.
  • Design something quickly and cheaply, but it will not be of high quality.
  • Design something with high quality and cheaply, but it will take a long time.