The Inescapable Truth of the Iron Triangle

Also a $50 bet that led to one of the best-selling children's books of all time.

On Productivity…

Ever heard of the Iron Triangle of Project Management? The triangle is designed to help you meet your project goals in the simplest way possible. With pain. Nothing but pain.

Who’s it for: anyone leading a project.

Why it works: it helps prioritize project objectives.

What is the Iron Triangle of Project Management?

The Project Management Triangle is a model that demonstrates the limits every project faces: time, scope, and cost. All three are interconnected. Changing any one aspect of the project triangle triggers adjustments to the other two elements…hence the pain. For example, increasing the scope of the project often requires more time and/or cost. To add to the pain, in most projects at least one element of the triangle is fixed.

To ensure the quality of the project you must balance each of the constraints effectively. Understanding the triangle helps project leaders visualize the trade-offs and compromises they need to make when trying to get things done

The Component…