👉Project Management Triangle (Time – Cost – Quality)
💫The Project Management Triangle represents the three key constraints that determine the success of any project: Time, Cost, and Quality.
1️⃣ Time
Project duration and schedule
Includes planning, execution, and delivery deadlines
Delays in time usually increase cost or reduce quality
2️⃣ Cost
Total project budget
Includes direct cost, indirect cost, overheads, and profit
Cost overruns affect profitability and client satisfaction
3️⃣ Quality
Meeting required standards, specifications, and performance Depends on materials, workmanship, and supervision Poor quality leads to rework, delays, and extra cost
4️⃣ Relationship Between Time, Cost & Quality
Reducing time → increases cost (overtime, more resources) Reducing cost → affects quality or increases time Improving quality → may increase cost or time
You cannot change one without affecting the others.
@etconp
💫The Project Management Triangle represents the three key constraints that determine the success of any project: Time, Cost, and Quality.
1️⃣ Time
Project duration and schedule
Includes planning, execution, and delivery deadlines
Delays in time usually increase cost or reduce quality
2️⃣ Cost
Total project budget
Includes direct cost, indirect cost, overheads, and profit
Cost overruns affect profitability and client satisfaction
3️⃣ Quality
Meeting required standards, specifications, and performance Depends on materials, workmanship, and supervision Poor quality leads to rework, delays, and extra cost
4️⃣ Relationship Between Time, Cost & Quality
Reducing time → increases cost (overtime, more resources) Reducing cost → affects quality or increases time Improving quality → may increase cost or time
You cannot change one without affecting the others.
@etconp
1 comment
Log in to comment
i think the 3 main constraints are time, cost and scope under the controlling factor of quality based on clients expectation