What is the Iron Triangle? Time, Cost, Quality, Scope?

The Iron Triangle is a fundamental concept in project management, representing the balance between time, cost, and quality/scope. It highlights the constraints and trade-offs project managers face when making decisions. The triangle is rigid, meaning changes to one corner require adjustments to others. While traditionally seen as having three corners, some argue it has four, offering more flexibility. Understanding this concept helps project managers make informed decisions and maintain project balance.

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