Project management is the concept of iron triangle

Assignment Help Operation Management
Reference no: EM132208821

Project Management

The main point of project management is the concept of an “Iron Triangle” where you can do trade-off analysis between cost, schedule, and performance. Research this concept online.

Then, address the following: (in the U.S.)

1. Provide a realistic example of a trade-off, where one of these three items is optimized at the detriment of the other two items.

2. Explain why you selected the one item to optimize.

3. Explain how you will work to mitigate adverse impact from the reduction in the other two areas of the Iron Triangle.

Reference no: EM132208821

Questions Cloud

What is meant by competitive profile matrix : What is meant by "a Competitive Profile Matrix (CPM)"? How is this related to a company's strategy?
What is consequence for mid-west trucking and for clients : If Mid-West Trucking follows request by David White and Stops providing discounts on westbound freight, what is consequence for Mid-West trucking and for client
Foremost technical skill of public relations professionals : What is the foremost technical skill of public relations professionals? And What are several of the writing fundamentals one must consider?
Investment income that is less than their standard deduction : Ben is a grade school teacher with wage income of $75,000. The couple has investment income that is less than their standard deduction.
Project management is the concept of iron triangle : The main point of project management is the concept of an “Iron Triangle” where you can do trade-off analysis between cost, schedule,
Components to energy management program : Just as the Energy Sector has many types of managers, there are also many components to an Energy Management Program.
What are the job specifications : What are the job specifications? Are the physical demands mentioned?
Essay analyzing branding and packaging : Write an essay analyzing branding and packaging.
Essay on political and social foundations of terrorism : Essay on Political and social foundations of Terrorism. Add reference

Reviews

Write a Review

Operation Management Questions & Answers

  Book review - the goal

Operations Management is about a book review. Title of the book is "Goal". This book has been written by Dr. Eliyahu Goldartt. The book has been appreciated by many as one of those books which offers an insight into the operations and strategic capac..

  Operational plan in hospitality enterprise

Operational plan pertaining to a hospitality enterprise is given in detail in the solution. The operational plan is an important plan or preparation which gives guidelines regarding the role and responsibilities of each and every operation at all lev..

  Managing operations and information

Recognise the importance of a strategic approach to the development and deployment of organisational information systems. Demonstrate an understanding of the importance of databases and their integration to the organisation's overall information mana..

  A make-or-buy analysis

An analysis of the holding costs, including the appropriate annual holding cost rate.

  Evolution and contributor of operations management

Briefly explain Evolution and contributor of Operations management.

  Functions and responsibilities of an operations manager

A number of drivers of change have transformed the roles, functions and responsibilities of an operations manager over recent years. These drivers have not only been based on technological innovations but also on the need for organisations to develop..

  Compute the optimal order quantity

Compute the Optimal Order quantity of DVD players. Determine the appropriate reorder point.

  Relationship to operations practice in the organisation

Evaluate problems in operations and identify approaches to overcoming them. Critically evaluate operating plans and identify areas for improvement. Justify, implement and evaluate changes to operations in line with modern approaches.

  A make or buy analysis

Develop a report for Figi Fabricating that will address the question of whether the company should continue to purchase the part from the supplier or begin to produce the part itself.

  Prepare a staffing plan

Prepare a staffing plan showing the change of your unit from medical/surgical staffing to oncology staffing.

  Leadership styles in different organizations

Ccompare the effectiveness of different leadership styles in different organizations

  Risk management tools and models

Be able to understand the concept of risk, roles and responsibilities for risk management and risk management tools and models.

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd