Explain why you selected the one item to optimize. Explain how you will work to mitigate adverse impact from the reduction in the other two areas of the Iron

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Subject: Business    / Management
1. MT435 Unit
Project Management 6 Discussion Question 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: Provide a realistic example of a trade-off, where one of these three items
is optimized at the detriment of the other two items.
Explain why you selected the one item to optimize. Explain how you will work to mitigate adverse impact from the reduction in
the other two areas of the Iron Triangle. 2. Unit 6: Journal
You will complete a Journal each week.
Each week, you will work on one aspect that will help you prepare for the course and
reflect. Consider this Journal as study notes. This Journal will provide an opportunity to
capture new ideas from knowledge gained and record your thoughts throughout the
course. This will also give you an opportunity to record questions you may wish to
research further in preparation for other assigned work. Please remember that
copying and pasting your own notes without revising is a form of self-plagiarism.
Click on the Journal tab at the top of the page to add your first entry. Begin your post
with the label: Unit 6: Project Management.
Research the following topics related to project management:
1. Gantt chart 2. Project controls 3. Project planning 4. Risk 5. WBS Select three of the topics listed and compose 3 paragraphs describing the topics (1
paragraph per selected topic) based on the course material and additional research you
conduct online.

 

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