Under the Triple Constraints of Project Management, Which of the Following

question 1

Multiple Choice

Under the triple constraints of project management, which of the following is not a correct statement?

• A)Cost and/or time can often be saved by increasing scope.
• B)Scope can often be increased by using additional time and incurring increased costs
• C)Cost and/or time can often be saved by reducing scope.
• D)For a given scope, time can sometimes be saved by increasing cost.

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Definitions:

Preference Map

A relationship between two variables, X and Y, in which a decrease in X is associated with a decrease in Y, and an increase in X is associated with an increase in Y.

Indifference Curve

a graph showing different combinations of two goods that give a consumer equal satisfaction and utility.

Budget Constraint

The limitations on the consumption choices of an individual or household due to limited financial resources.

MUx/MUy

Represents the marginal utility of good x divided by the marginal utility of good y, often used in consumer choice theory to analyze optimal consumption points.