2) Describe the triple constraint. What are the three components and what is the relationship between them.

The Project Management Triangle; also known as Triple Constraint, is a model of the constraints of project management. Traditionally it recognized three main constraints: "Cost", "Time" and "Scope". These constraints construct a triangle with geometric proportions showing the strong codependent liaison amongst these dynamics. It is a graphic utility where the three aspects shown on the corners of the triangle show opposition; if there is the necessity to change any one of these aspects then at least one of the other aspects must also be manipulated, therefore one side of the triangle can’t be changed without affecting the others. It is useful to help with analyzing the goals of a project. It is used to illustrate that project management success is measured by the project team's skills to manage the project, accordingly the expected outcomes are formed while managing time and cost. Furthermore an enhancement of the constraints separates product "quality" or "performance" from scope, and turns quality into a fourth constraint. The time constraint denotes the amount of time available to complete a project. The cost constraint refers to the budgeted amount available for the project. The scope constraint denotes what must be completed to produce the project's finished outcome. As these three constraints are often conflicting constraints like bigger scope naturally means increased time and increased cost, a tight time constraint could mean increased costs and reduced scope, and a constricted budget could mean increased time and reduced scope. The discipline of project management is about providing the tools and the modus operandi that assist the project team (not just the project manager) to bring together their work to meet these constraints.