Review of previous research has shown that balancing time, cost and quality relationship in execution of building projects has always been a challenge. There are records of projects executed at a cost far higher than expected. Others suffer high percentage of delay whereas some suffer less attention been paid to quality. On the basis of the study it can be concluded that balancing between quality and cost relationship has always been a challenge in the execution of PSDP, Punjab Pakistan. These two issues are inseparable and generally have a profound bearing on the success of a project. There are numerous of projects accomplished at very higher cost than expected whereas less attention has been paid to overall project quality.