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Cost vs. Quality vs. Time

In the language industry, the quality-cost-time triangle is notorious, but it really is a truism: a higher quality takes more time and cost, lower cost affects quality and/or time, and shorter time requires higher cost and might reduce the quality. This results in an optimization problem, since you cannot achieve everything at the same time.

The former solution was: pick your point in the triangle meeting your challenges the best. You can philosophize about this for a long time. This, however, will not give you any benefit for your daily work.

You should rather ask yourself: How do you define these corners (KPIs)? Can you measure them? Will they change over time? And what can you derive from these definitions and measurements for your practical work?

We want to illuminate these questions in three blog articles.