Projects Are Managed by Managing the Triple Constraints

question 7

Multiple Choice

Projects are managed by managing the triple constraints.Which is not one of those constraints?

• A)approval
• B)scope
• C)time
• D)budget

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Definitions:

Unit Selling Price

The amount of money charged for selling one unit of a product or service.

Markup Percentage

Markup percentage is a measure of how much the selling price of an item or service exceeds its cost, expressed as a percentage of the cost.

Variable Cost Concept

The principle that costs vary in proportion to the level of production or business activity, meaning they increase with more output and decrease with less output.

Engineering Change Order

A documented instruction that outlines the proposed changes in the details of an engineering project or product.