Life is full of trade-offs – product/software development is no different. Fast, Cheap, Features … pick too. Want all three? Then quality will suffer.
Wikipedia’s page on this topic:
- fast → time
- cheap → cost
- features → scope
well said. Although, I think cost should be total cost of ownership and not total cost to launch. Then you will find these numbers change drastically and real cost is not what you thought it was.
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Perhaps this needs to be turned into a 3-dimensional diagram? 
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