Timothy's Thoughts

In business, there is a relationship between cost, schedule and quality that always exists. I don't know who originally thought of this. I certainly can't take credit for it, because I learned it from a mentor. The relationship is such that if we reduce the time to complete a project we must either throw more money at it to obtain more resources to do the same work or we must reduce the quality/scope of the project. If we want better quality, cost and schedule will take a hit and if we want to reduce cost then schedule and quality will take a hit. This relationship works fairly universally, so we can expect to see this same relationship at work within the publishing industry. One place we see it very clearly is in the differences between some of the publishing models used in the industry. Let's assume that the typical traditional publishing model in which the publisher pays the author a small advance, hopes to sell a few thousand books and has a budget of about $40,000 is ...