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The key element that is essential in project efforts concerning the triple constraint is time. The triple constraint framework highlights three primary forces that define the success of a project: time, cost, and scope. Time refers to the scheduling aspect and deadlines that guide the project towards completion. It emphasizes the importance of delivering a project within the given timeframe, which ultimately affects other factors such as resources and quality.

When projects are delayed or run over schedule, it can impact the budget, as additional resources may be needed to expedite progress. Additionally, the quality of the deliverables could be compromised if time constraints force shortcuts or a lack of thoroughness in execution. Time is, therefore, a critical factor that interplays with cost and quality in the project management process, influencing the overall success of the effort.

Looking at the other elements, while resources, skills, and quality are all important to project management, they do not encompass the urgency and scheduling impact that time brings. Resources refer to the tools and personnel required for the project, skills relate to the competencies needed to perform tasks effectively, and quality addresses the standards of the outcomes. However, without effective time management, the interplay of these other factors becomes more challenging, making time a fundamental element in achieving project success.