Project Management “Iron Triangle”””

Discussion Topic: Project Management

The main point of project management is the concept of an “Iron Triangle” where you can do trade-off analysis between cost, schedule, and performance. Research this concept online.

Then, address the following:

  • Provide a realistic example of a trade-off, where one of these three items is optimized at the detriment of the other two items.
  • Explain why you selected the one item to optimize.
  • Explain how you will work to mitigate adverse impact from the reduction in the other two areas of the Iron Triangle.

Enter in 200 words or more about the discussion topic in 2-3 paragraphs to add to discussion. 

If resources are used, please cite them APA format & reference them at the end of the essay. Be sure they can be accessed by general public without a subscription with login id and password.