What are project triangles? You’ve probably visited the project triangle wiki webpage. So, you probably know that project triangles graphically illustrate the tension between time, cost, and scope. Any one of these could cause trouble for your project if not properly managed. Watch the video below.
The cool thing is that these project triangles are displayed graphically in Standard Time®. That means you can check your own projects to see how they measure up. If you see a perfect triangle with all side of equal length (equilateral triangle) then you know your project is in good shape.
But if you see one side of the triangle going off the graph, then you know something is wrong. It means either your time, cost, or scope is out of whack.
What a nice way to check the health of your project!