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Identify and Briefly Describe the Three Categories Used to Classify

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Essay

Identify and briefly describe the three categories used to classify the priority of major project parameters.


Definitions:

Equilibrium

A state of balance or stability, often referring to a chemical reaction being in a state where reactants and products are formed at the same rate.

Strategic Fit

The alignment between an organization's strategic goals and its resources, processes, and capabilities.

Value Chain

A business model that describes the full range of activities needed to create a product or service, from conception to delivery.

Functional Goals

Objectives set within an organization that are specific to a particular department or function, aimed at improving its efficiency or effectiveness.

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