Explain Project Management and the Role the Triple Constraints Play

question 106

Essay

Explain project management and the role the triple constraints play when managing a project.

---

Definitions:

Patent

A legal document granting an inventor exclusive rights to manufacture, use, or sell an invention for a certain number of years.

Demand Schedule

A table that shows the quantity of a good or service that consumers are willing and able to purchase at various prices during a specified period of time.

Marginal Cost

The increase in total cost that arises from an extra unit of production.

Typeset

A method or process of setting text for printing.