Good, Fast, Cheap - How this relates to vendor relations and other aspects of business

[pamlefkowitz]

The triple constraint triangle – every industry claims it as their own – is the theory that there are three points on a triangle - good, fast, and cheap - from which, you may only choose two. If you want something fast and cheap, it won’t be good. If you want something good and fast, it won’t be cheap. And if you want something good and cheap, it certainly won’t happen quickly. 

When you are bringing on a contractor or vendor, which two do you choose? If you are the provider, which two do you try to sell?

Or…is it possible to have it all?

good cheap or fast