The Iron Triangle of Project Management
All organizations are employing project management as a strategic tool to drive change and achieve their business objectives. But it comes to how to implement your project appropriately to get the best quality.
If you are a project manager you have to apply the balance between the three main interdependent constraints of every project; time, cost and scope which are called the project management iron triangle.
- Projects must be delivered within cost. Project Management Triangle
- Projects must be delivered on time.
- Projects must meet the agreed scope
A successful project manager will use the appropriate tools to face the challenges related to the three constraints and execute the project successfully.