The development of a real estate project or redesign of an existing space can be synonymous of a long and arduous road full of challenges, limited time and some other situations that can make it complicated.
The person in charge of a project must have the route and the mechanisms strongly established to be able to give his client an optimal final result that fulfills the expectations that were established from the beginning.
In the field of project developers, there is a basic and highly used element, the so-called "Iron triangle or project triangle", this tool provides a clearer and delimited vision to a developer.
What is the project triangle? Find out more below.
The project triangle is one of the tools with greater use in the development of these, since through it you establish criteria of time, costs and scope. In the long term, it shows clear results with which the success or failure of the project can be determined.
What does the triangle take into account?
Time
Unquestionably, the time for the development of the project plays an extremely important role.
Every developer or project manager must establish a fixed start date and a final date, which will mark the closing and subsequent delivery of the project to its owner. It is also important to take into account the magnitude and size of what they request, because to deliver a satisfactory result it is necessary to have the necessary time and tools.
The decision of the delivery time is established in a common agreement between the person in charge of the project and the client.
Another important point is to take into account the number of requests for changes or modifications that will be made to the project when it is being carried out, each change or modification can generate considerable savings or losses of time.
Cost
The cost of the project is also one of the most important factors. The monetary factor strictly establishes the size and quality of the project.
While it is true, the monetary sense is the first thing you think when talking about costs, this can also be reflected in:
- Expenses in human matter, hiring of personnel in charge of different tasks areas, specialists in some branch of construction.
- Essential materials and tools to develop each step of the project
- Rental or purchase of specific equipment.
Reach
The scope is strictly focused on setting the times and procedures that each phase of the project will have. With a fully delimited scope, the tasks will be distributed equally, with the necessary personnel and a prudent time for their final delivery.
3 points with the same objective: Quality
The iron triangle seeks to satisfy all the needs that a client has with his project, providing an excellent service and a delivery of the final result as planned from the beginning. With time, cost and scope well established, a quality result is sought.
If you are a developer and responsible for projects, do not hesitate to use this triangle, because you can contribute to your work elements of quality and saving resources and time, without leaving aside the demands that your client has.
