Project Management Trade-off
The business has three objectives:
1. Cost
2. Time
3. Scope
Projects are interdependent and very dynamic and often have surprises that require quick decision
making.
In any project management, there is always a need to balance the business resources within the
constraints of time, cost and performance.
Projects aims at reducing time and budget while increasing the scope of the project.
The project managers therefore have to make crucial decisions to ensure that they stay within the time-
cost-scope triangle.
At any particular time, the project manager must ensure that the decisions are guided by the most
important objective.
The business has three objectives:
1. Cost
2. Time
3. Scope
Projects are interdependent and very dynamic and often have surprises that require quick decision
making.
In any project management, there is always a need to balance the business resources within the
constraints of time, cost and performance.
Projects aims at reducing time and budget while increasing the scope of the project.
The project managers therefore have to make crucial decisions to ensure that they stay within the time-
cost-scope triangle.
At any particular time, the project manager must ensure that the decisions are guided by the most
important objective.
