Iron Triangle in FinOps

The iron triangle is not a FinOps specific concept but has been around in engineering for a long time. FinOps Allowing teams to trade-off quality, speed, and cost.

Tradeoffs (Iron Tringle) must be made by balancing the company’s goals in every case in terms of how good, how fast, and how economic the proposed solution is.

People often say "Good, fast, or cheap -- Pick two" because it is difficult to optimize for all three elements at the same time in a single system.