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Models of Strategic Restructuring Case Study: Chattanooga Museums Administrative Consolidation

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La Piana Consulting Blog

Good, Cheap, and Fast

By Michaela

March 16, 2006

You may have heard the consultant’s expression: “You can have it good, cheap, and fast—choose any two.”

If not, it is an instructive little saying to remember. For example:

Good and Cheap, but not fast—We can do good quality work and keep the price down, if in return you are flexible as to when we deliver the product. This flexibility allows the consultant to build in work on other more urgent projects as needed.

Good and Fast, but not cheap—We can do good quality work, and fast, but it is going to cost you a premium because meeting your urgency means we have to say “no,” or “not now” to someone else’s project.

Cheap and Fast, but not good—A consultant can do the work quickly, and not charge very much, and this may be quite attractive to a client with urgent needs and limited resources. But beware: The work you get may not be of very high quality, so that the time and money you do spend may be largely wasted.

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