The Triple Constraint Refers to Project Scope,deliverables,and Budget,which Must Be

question 111

True/False

The triple constraint refers to project scope,deliverables,and budget,which must be managed effectively for successful completion and closure of any project

---

Definitions:

Economic Profit

The difference between total revenue and total costs, including both explicit and implicit costs, representing the surplus gained from an activity beyond the next best alternative.

Marginal Revenue

The extra revenue generated by the sale of an additional unit of a product or service.

Average Total Cost

The sum of average fixed costs and average variable costs, divided by the total quantity of output, reflecting the per-unit cost of production including all expenses.

Marginal Cost

The hike in aggregate cost linked with the fabrication of one extra unit of a product or service.