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Managing Cost, Schedule, & Technical Performance Risk Is The Basis Of Good Project Management. Risk management is essential to the success of any significant project. Certain information about key projectcost, performance, and schedule attributes are often unknown until the project is underway.
It justifies the project by describing its objectives and alignment with the organizations strategy. Creating stakeholder and leadership support for the project confirms its value and is critical to its success. The business case estimates the projectscosts and benefits.
Bottleneck: In project management terms, a bottleneck is any constraint that restricts the movement of a process. With this approach, the project'scost and/or duration are calculated by adding the cost/duration of all its constituent activities. Most, however, track the project'scosts and deadlines.
But delivering as quickly as [inaudible 00:17:09], get it done right now, minimizing projectcosts, cheap, right? Development approaches that are consistent with project deliverables. What’s deliverable, cadence, project phase? And what are those dots? Optimizing the value delivered. It makes sense.
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