Project Managers Are Expected to Ensure That Appropriate Trade-Offs Are

question 43

Short Answer

Project managers are expected to ensure that appropriate trade-offs are made between the time, cost, and __________ requirements of the project.

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Definitions:

Payback Period

The length of time it takes for an investment to generate enough cash flow to recover its initial cost.

Present Values

Present Values represent the current value of a future amount of money or stream of cash flows given a specified rate of return.

Capital Projects

Long-term investment projects undertaken by a business or organization to build, add, or improve on their capital assets.

Mutually Exclusive

Refers to a situation where the selection of one option automatically excludes the possibility of choosing any other option.