Posts

Showing posts from February, 2017

EFFECT - Ethics and the Time, Cost, Quality Triangle

Image
If you have ever tried to “go ethical” on anything, whether it is a new process, or product, or method, there is something that you probably realised very soon. It is either more expensive, worse quality, or takes longer. I want to talk about this in relation to the time, cost, quality triangle (also called the Iron Triangle or the Project Management Triangle).
For those of you that don’t know, the Time Cost Quality Triangle is a concept that is used in project methodology to understand how one change in variable will impact on other variables. It looks like the diagram below:


Essentially it works like this: Let’s say you are planning a holiday, you have an idea of where you want to go, and what the holiday will be like, you have a budget, and you have the time that it takes to research and book the holiday. 

Any change to one variable will effect all the others. 

For example, if you realise that you don’t have enough money to afford the original budget, then either the quality of the hol…