Defeat the tyranny of time, cost and quality.Project managers know that to ensure they come in on time and on budget, they must respect the iron triangle. These are the three inextricably linked elements of any project of Time, Cost and Quality. If you want something done better, faster, or cheaper, you have to trade these elements off against each other. Want better seats for that new Broadway show? Then you can either pay more, or wait until prices come down. In other words, you can get higher quality in the same time for a higher price, or better quality at the same price at a later time. But you cannot have all three. Participants work through a tangible example in teams to discover the innovation methods that allow great innovators to crack this timeless dilemma. Competing teams represent a home buyer, architect team and contractor. The specifications are laid out. A certain number of rooms and footage and finishes, designed and built in 6 months. During design, however, what if the buyer decides they need another bathroom? What are their options?
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