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cost
time
quality
description
select any overlapping section of the venn diagram
to determine project priority
Triple constraint
The Engineering Principle of "The Triple Constraint" dictates that two of the three (Time/Cost/Quality) come directly at the expense of the other
Time & Quality
Prioritizing speed and quality takes more (and higher-trained) personnel which
increases cost of delivery
.
Recommended for those looking to go-to-market quickly.
Time & cost
Prioritizing speed and cost requires a reduction in operating expenditures (resources) and
produces lower quality
.
Recommended for those that need a quick and affordable proof of concept
Prioritizing cost and quality requires reduction in operating expenditures (resources) and therefore
increases the time
to produce the results.
Recommended for those that need a go-to-market product without a fast deadline
cost & quality