BACHELOR OF BUSINESS ADMINISTRATION

Detailed explanation-1: -The project management triangle is a model in project management that shows how the balance between three constraints-scope, time, and budget-affects the quality of the project. The triangle shows that affecting one constraint will mean adjusting one or both of the others in order to maintain the quality.

Detailed explanation-2: -The triangle illustrates the relationship between three primary forces in a project. Time is the available time to deliver the project, cost represents the amount of money or resources available and quality represents the fit-to-purpose that the project must achieve to be a success.

Detailed explanation-3: -The project management triangle is made up of three variables that determine the quality of the project: scope, cost, and time.

Detailed explanation-4: -The triple constraint theory, also called the Iron Triangle in project management, defines the three elements (and their variations) as follows: Scope, time, budget.

Detailed explanation-5: -With any project, there are limitations and risks that need to be addressed to ensure the project’s ultimate success. The three primary constraints that project managers should be familiar with are time, scope, and cost. These are frequently known as the triple constraints or the project management triangle.