Understanding the project management triangle - webinar (German)
Success in project management has been traditionally associated with the ability of the project manager to deliver in scope, time, cost, and quality. The “iron triangle” is a challenge to reach a reasonable trade-off among various concurrent, heterogeneous, and visible constraints.
The iron triangle is actually a very simple top level presentation of key elements for the successful project planning. Scope, time and price/resources. Resources are in many industries the only or critical element of price. People are the most valuable asset and cannot be increased, decreased or multiplied. Similarly, machine-like resources have a production capacity and cannot be changed just with a simple click.
Easy Project Iron Triangle
So how does come the Iron triangle into the picture? It offers us a simple yet efficient ability to understand where should we use the waterfall planning and when some of the Agile approaches.
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