... We Cannot Trade Quality for Schedule or Budget! Alan S Koch, Global Knowledge Instructor, PMP Abstract It is not uncommon for people to say, “Fast, cheap, or good—choose two.” ... if you want a short schedule and a low budget, you must sacrifice quality And the corollary is that if you want quality, you must expect a longer schedule or higher costs But quality is not ... Producing a poor -quality product does not save time or money In fact, as we will discuss later, quality problems actually cost us time and money Cost of Quality The confusion between grade and quality...