#23 The project trinity
There’s a tension in every project which shapes the outcome. It’s a delicate balance between three factors that are intimately interdependent. These factors are budget, scope and timeline.
I’m sure you’ve heard the old axiom: “you can have it cheap, fast or good–pick two”. While this is an appropriate rule of thumb, I’d like to go a step further with what I’ve been calling The Project Trinity Theory.
If your project has a fixed timeline, your budget and/or scope need to be flexible. If your budget is fixed, your timeline and/or scope need to be flexible. If your scope is fixed, your budget and/or timeline need to be flexible.
Most projects have at least one of these factors that, due to business objectives, resources or other variables, is rigid. It’s rare to a work on a product or campaign where scope, budget, and timeline are all open-ended. In fact, I’d make a case that constraints around one of these are a good thing as the constraints help you prioritize your plan and strategy.
What are your thoughts on this hypothesis? If I were to dive deeper on the subject, would that be an essay you'd be interested in reading?
Until next time.