The Project Management Triangle, also known as the Triple Constraint or Iron Triangle, is a fundamental concept in project management that illustrates the three primary factors that influence the success of a project: scope, time, and cost. This triangle represents the interdependent relationship between these three elements, where a change in one factor can affect the others.
The goal of project managers is to balance these three elements to ensure the successful delivery of the project within the defined constraints. This often requires trade-offs and careful planning to optimize the project's outcomes.
The Project Management Triangle is a valuable tool for project managers to visualize the relationships between scope, time, and cost, and to make informed decisions that align with the project's objectives and constraints.
