Project management triangle

Internally, oftentimes, it is groups of people who are teams that are working in what they think are aligned ways, but often are at odds with one another.

A simple example is the idea of, and a visual model that I share with founding teams, as I use a lot of visual models in my work, is called Iron Triangle.

And basically, it involves three components that everyone is going to be familiar with, and that is a desired outcome, time, and cost of the investment.

And oftentimes, everyone thinks that the The real true outcome, the item that is fixed is always the result, the result for the client.

So I'm really aware of this competition in this completion trap.

I'm gonna give you three things about what it is, but before I do that, I want to introduce you to what's called the Iron Triangle, because in doing research about what I've discovered in this completion trap, this completion triangle, I did some research to see if this has... had been researched or, uh, studied or talked about in the past, and it certainly had, but it different.

Mine's a little different.

I'm gonna show you what the subtleties are and how it'll make a huge difference for you actually completing things.

So here we go.

This is the Iron Triangle.

In 1969, a person named Dr. Martin Barnes designed a course, and the course was called Time and Cost in Contract Control.

Now, what he did is he drew a triangle, and on each point of the triangle was cost, time, and quality.