What are the three constraint of Project Management? Iron Triangle?
What are the three constraint of Project Management? Iron Triangle?
The three constraints, also known as iron triangle, refers to the boundaries of time, scope and cost that apply to every project,
1st constraint, Time: Project managers must estimate the time required to complete a project
Tools for time management can include PERT charts and critical path analysis
2nd constraint, Scope: The scope refers to all the work necessary to complete a project
If the scope is not defined in the project plan, it can cause the project to fail, which is known as scope creep
3rd constraint, Cost: Project managers are responsible for estimating, budgeting and controlling costs
You can manage all three constraints by using a tool like Google Sheet
Note that quality is an outcome of managing time, cost and scope
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