The Iron Triangle of Project Management
The Iron Triangle of Project Management, or the Project Management Triangle, highlights the interplay between scope, time, and cost—the three key factors influencing a project’s success. It illustrates the necessity of balancing these elements, as changes in one constraint inevitably impact the others. For instance, expanding the project scope may increase both the timeline and budget. This model is a vital tool for project managers to prioritize and make informed decisions. Dive into the blog What is the Project Management Triangle? Definition, Examples, and Importance to explore its meaning, real-life applications, and critical role in project success.