The Golden Triangle, also known as the ‘project management triangle’, cannot have escaped your notice if you have ever worked on a project basis. To bring a project to a successful conclusion, three things are important: time, money and scope. That is the triangle that can be plotted on every project. There’s actually a fourth one called “quality” but I’ll get to that in a moment. One of the reasons the Golden Triangle is so popular in project management is that it describes the boundaries of a project. Staying within ‘the lines’ as a project team becomes a lot easier. Team members are familiar with deadlines, budget and scope.
When you are new to this world, you are proverbially bombarded with unfamiliar terms. In this article I will therefore give you some more information about the Golden Triangle and how we respond to it with our project tool, Getscope.
How are the scope, costs and time of a project related?
The scope, money and time of a project are interrelated. Here’s the thing: if one of these parts changes, the other parts must also change. For example, the moment the scope of a project is increased because more functionalities are added to the project, this automatically means that more time is needed to complete the same scope. After all, the amount of work is increasing. Usually, the money factor also changes with it. After all, more work takes more time and automatically more resources to get this work done.
Another example, if the deadline of the project moves forward for various reasons, it means less time is available. You can then look to narrow the scope of the project. After all, less time available for the same amount of work is not realistic. What is possible is investing more money and thus attracting more resources to see if the project can be done with more people in less time. The latter is otherwise not a law. More is not always better in this one. This way you can see how scope, money and time are related. The Golden Triangle enables effective and efficient management of these changes.
The two main reasons why the project management triangle is so important has to do with the following points;
- Because it helps project managers to manage and control these risks and changes and to set clear priorities. With the ultimate goal of delivering a high -quality end product.
- It also helps to manage changes more easily. The Golden Triangle offers a clear insight into the relationship between scope, costs and time in relation to quality. It also makes it easier to determine and manage priorities to achieve a high -quality end product. A project with a defined budget cannot quickly go over scope and / or time because this has a direct influence on the budget.
How Getscope can help you manage your projects and control the Golden Triangle.
Getscope is an all-in-one project tool with an accessible interface made for every project team and every project. Getscope is a feeling on the most common project methodologies of the moment, and with our project tool you get a pre-set environment where the user is helped with setting up and furnishing and implementing his project.
The Golden Triangle runs through the tool like a red thread. Within Getscope it is easy to manage and manage your deadline, budget and scope. For this we have features such as time registration, resource planning, reporting, and the possibility to use various project methodologies side by side to manage your entire project, or even parts of your project.
In addition, we have an API with Getscope where you can easily link Getscope to your own software programs. For example, you can link Getscope to your accounting system or to your own time registration.
Getscope is suitable for all project types and project teams. You can flawlessly use different methodologies side by side. Or if you decide to switch methods halfway through your project, you can easily switch with one push of a button. And within 2 minutes we have you up and running. By using a tool like Getscope, you ultimately need fewer meetings, which not only saves time, but ultimately also money. And with our pay-per-use package you only pay for the active users in your project, which you can switch on and off at any time.
