Question
One of the primary jobs of a project manager is to manage the trade-offs among time, cost and performance. To do so, the project manager must define and understand the ______ of the project. a. requirements b. communications plan c. WBS d. project charter e. priorities
Answer
priorities
- Q:What is the definition of time, cost, and performance? A:Time refers to the schedule that the project must follow, cost refers to the budget that the project has, and performance refers to the expected quality and features of the project.
- Q: Why is it important for project managers to manage trade-offs among time, cost, and performance? A: Managing trade-offs among time, cost, and performance is important because it ensures that the project stays within the defined constraints and meets the project goals.
- Q:What are the options for managing trade-offs among time, cost, and performance? A: There are different strategies to manage trade-offs among time, cost, and performance, such as fast tracking, crashing, and compromising on features.
- Q:What must the project manager understand to manage trade-offs among time, cost, and performance? A: The project manager must define and understand the priorities of the project in order to manage trade-offs among time, cost, and performance.
- Q:What is the answer to the question? A: The project manager must define and understand the priorities of the project.