What is the project management triangle, and why is it important?

Short Answer
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Answer:

The project management triangle consists of:

  • Scope

  • Time

  • Budget

These three elements are interdependent:

  • Increasing scope usually impacts time and budget

  • Reducing time may increase cost or reduce scope

  • Budget constraints may limit scope or extend timelines

A successful project maintains a balance among all three while ensuring quality delivery.

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