What is the project triangle?

The

Triangle Project Management project is a visual representation of three basic aspects that must be considered and managed for any type of project or business effort. These three aspects are: costs in terms of financial costs; time, with reference to the amount of time required to complete the project; and scope or quality, which shows the end result of the project or the quality of this result. The Triangle project is often used not only to indicate these three aspects of the project, but also to prove how they relate and influence each other. Three sides or three points are marked with three different aspects of a business project. The purpose of the project triangle is to provide a visual method that the project manager can easily understand three basic aspects of the project.

Costs and costs are relatively simple and direct aspects of the triangle for project management. Each of them represents a number of resources in terms of financial costs and time to be spent on the project to see it up tountil completed. The third point or side of the triangle, range, can be a little more complicated.

The scope usually concerns the overall nature of the project and what is to be completed in the course of it. For example, if the company produces a new computer program for text processing, then the scope would refer to the finished program and all its functions. The scope of the triangle on project management can sometimes be replaced with quality. In other cases, both are separated and the quality is presented as the fourth page, instead of creating a diamond; The range can also be replaced by a "product", which then represents "range" and "quality".

One of the main benefits of using the project triangle is that the visual representation shows how these three concepts are interconnected. Whenever one side of the triangle changes, for example, at least one of the other parties must change. Increasing the range or quality usually requiresIncreasing time or money or both, which is represented by how the overall shape of the triangle must change whenever one side changes. Some of this symbolism is lost by means of a diamond or other shape, so the triangle for project management is still often taught and used in business.