The Simplest Way to Reduce Cost on a Project Is

question 82

True/False

The simplest way to reduce cost on a project is to reduce the scope of a project.

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Definitions:

CPR

Cardio-Pulmonary Resuscitation, a lifesaving technique aimed at reviving someone who has stopped breathing or whose heart has ceased to function.

Efficiency

The ratio of useful output to total input, measuring how effectively resources are utilized.

Process Time

The time required to complete a particular process, often including the steps of production or task execution.

Bottleneck Management

The process of identifying, managing, and mitigating bottlenecks or points of congestion that slow down production or workflow in an operation.