The Iron Triangle of Project Management

               Now that Abby had determined the scope of the project to throw the party, created a schedule for her team to set up the party, and estimated the total cost of throwing the party, she could see how changes in any one of these three elements could affect the other. If extra items were added to the party, it would result in the party taking more time to prepare if any setup was required or costing more money if the extra items were purchased. So, an increase in scope would increase the amount of work time required or increase the cost of the project, if not both.

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