Technology Triangle
The "Technology Triangle" refers to the relationship between three key elements: cost, quality, and speed. In project management and product development, these three factors are often interconnected, meaning that improving one can impact the others. For example, if a project aims to reduce costs, it may take longer to complete or result in lower quality.
Understanding the Technology Triangle helps teams make informed decisions. If a project manager prioritizes speed to meet a deadline, they may need to increase cost or compromise on quality. Balancing these elements is crucial for successful outcomes in technology-driven projects.