You of course know the traditional quip: Fast, Good or Cheap: Pick 2.
(Also referred to as the Speed, Quality or Cost triangle)
The reasoning (or wisdom based on experience) is that you can’t optimise for all 3.
Enter ChatGPT and a plethora of AI tools.
And most importantly, enter a team that has put the effort into prompt engineering skills and knows the limits/problems/shortfalls of the tools and suddenly (yes, suddenly!) you have a potential for saying:
Fast, Good or Cheap*: Pick 3.
This will be the norm very soon.
*Cheap of course is a very relative/subjective term – a $4M house that is purchased for $2M is cheap. A $5 coffee that is purchased for $10 is expensive.
Except it’s never quick and cheap.
The quality of ChatGPT is suspect and needs someone human to vet and edit it. That requires time and money.
I don’t think the project management triangle, or whatever the real name is for it is going anywhere.