What term describes the combination of time, cost, and quality in project management?

The term that describes the combination of time, cost, and quality in project management is known as the Triple Constraint. In project management, the Triple Constraint refers to the idea that these three aspects are interconnected; changing one of these constraints will impact the others. For example, if you want to complete a project faster (time), it might require more resources (cost) or compromise on the quality of the deliverables. This concept emphasizes the need for project managers to maintain a balance among these three variables to ensure successful project completion.

Understanding the Triple Constraint is crucial for system analysts and project managers because it guides decision-making throughout the project lifecycle. It helps prioritize project goals and dictates how trade-offs are made when facing limitations or changes in project scope.