project management

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Question description

Project Management "Iron Triangle" (Business management)

Project Management

The main point of Project Management is the concept of an “ Iron Triangle” where you can do trade-off analysis between cost, schedule, and performance. Research this concept online.

Then address the following:

  • Provide a realistic example of a trade-off, where one of these three items is optimized at the detriment of the other two items.
  • Explain why you selected the one item to optimize.
  • Explain how you will work to mitigate adverse impact from the reduction in the other two areas of the Iron Triangle.

THIS IS NOT A PROJECT, BUT A DISCUSSION POST 500 WORDS MIN/MAX. CITED WORK NEEDED.

Tutor Answer

(Top Tutor) Daniel C.
(997)
School: UIUC
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