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The magic project triangle

🟦 Which criteria must be met for a project to be considered successful

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What is the magic triangle?

What would a software service provider have to do to really inspire a new customer in a first joint project? He would have to create a precision landing that fulfills three goals at the same time:

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Scope of services

The work results are of high quality. For a software product, this means that the agreed scope of functions has been fully implemented, the application runs stably and has no errors when handed over - a solution that exactly meets the requirements.

Price

The price offered is in line with the market and transparent. For the customer, this means that there are no unexpected additional costs - neither from subsequent calculations nor from unclear information. The agreed price fully covers the actual service.

Time frame

The planned time frame was adhered to. This means that all agreed services were provided on time - without delays in the process and without subsequent postponements. The project remains on schedule and creates confidence in

the implementation.

As these three objectives are naturally in tension with each other, they are summarized in project management as the so-called "magic triangle": A shortened delivery deadline, for example, can either cause higher costs - or necessitate savings in terms of quality and scope. A reputable service provider should help the customer to find the most effective compromise between these three objectives. They would create a project plan on this basis and implement it as precisely as possible.

How Leadtime helps to achieve a precision landing in the project

Managing projects successfully means finding the ideal balance between quality, time and cost - the so-called "magic triangle" of project management. This is precisely where Leadtime comes in: The platform helps to systematically master this area of conflict.

With Leadtime, service providers can model recurring project structures as project components - i.e. as templates with predefined work packages, time budgets and test cases. This creates a reliable, well-founded project model in the early phase of preparing an offer - instead of having to rely on estimates and assumptions, as is often the case. The customer receives a precisely calculated offer that realistically reflects the actual expenditure and avoids surprises later on.

Leadtime also ensures clarity during implementation: the structured processing of defined tasks, real-time insight into progress and status as well as built-in quality management keep the project on track - without costly detours or constant readjustments.

In short: Leadtime provides service providers with a tool to keep their projects reliably under control from start to finish - and thus creates the basis for exactly what every customer wants: a smooth, punctual and high-quality project experience.

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