How Would You Mark Time, Performance and Cost on a Project

question 105

Essay

How would you mark Time, Performance and Cost on a Project Priority Matrix if you wanted to be first to market with your product to garner market share. You are willing to defer original scope requirements to later versions in order to get to the market first. Going over budget is acceptable but not desirable. Fill out the Project Priority Matrix below:

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Definitions:

Margin of Safety

The difference between actual sales and the break-even point, indicating how much sales can drop before a company incurs a loss.

Break-even Sales

The instance at which all costs are balanced by all revenues, resulting in neither gain nor loss.

Break-even Point

The level of production or sales at which total revenues equal total expenses, resulting in no profit or loss.

Fixed Expenses

Costs that are static in total over a particular period, not varying with production volume or sales, such as salaries and rent.