Project Management Iron Triangle

The Iron Triangle in Project Management, also known as the Project Management Triangle, represents the balance between three critical project constraints: Scope, Time, and Cost. It highlights the interdependence of these factors, demonstrating how changes to one impact the others. Effective project management requires maintaining this balance to ensure quality and successful project delivery. Understanding the Iron Triangle helps project managers navigate challenges such as scope creep, resource limitations, and stakeholder demands while aligning project objectives with timelines and budgets. This concept is key to achieving project success without compromising quality.