A Priority Matrix Helps Project Managers Manage Trade-Offs Among Time

question 13

Essay

A priority matrix helps project managers manage trade-offs among time, cost and performance or scope. This helps to identify which criterion is constrained, which should be enhanced and which can be accepted. Some argue that all of these criteria are always constrained. Agree or disagree? Explain why.

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Definitions:

Herzberg's Two-Factor Theory

A motivational theory which suggests that there are certain factors in the workplace that cause job satisfaction, while a separate set of factors cause dissatisfaction.

Goldilocks Rule

suggests finding a balance in tasks or challenges that are neither too easy nor too difficult to maintain motivation and engagement.

Goal-Setting Theory

A theory that emphasizes the importance of setting specific, measurable, achievable, relevant, and time-bound goals to enhance motivation and performance.

Higher-Order Factor

A concept in psychology and statistics referring to a underlying variable that influences several other directly observable variables.