What is the triangle method?

The triangle method is a strategy used in project management to analyze and prioritize tasks or goals based on three key factors: time, cost, and scope. This method helps project managers make informed decisions about resource allocation, scheduling, and risk management. By considering the interplay between these three factors, project managers can determine the most efficient and effective way to achieve project objectives.

In the triangle method, time refers to the schedule or timeline for completing a project, cost relates to the budget or financial resources available, and scope encompasses the specific goals and requirements of the project. By assessing how changes in one factor affect the others, project managers can identify potential risks and trade-offs in order to optimize project outcomes.

The triangle method is often visualized as a triangle, with each of the three factors represented at a point of the triangle. By adjusting the length of the sides of the triangle, project managers can show how changes in one factor impact the others. This information can then be used to make data-driven decisions and effectively plan and manage projects.