Using cost/time tradeoffs permits a firm to _____.
A)level resources
B)plan for budget allocations across multiple projects
C)set reasonable limits on how many projects can be handled at one time
D)optimize the use of resources for one project

Question

Quizplus · Accepted Answer

Using cost/time tradeoffs allows a firm to optimize the use of its resources for one project. By exploring the tradeoffs between cost and time, a firm can identify the project duration that minimizes cost while still meeting project requirements. This approach can help ensure that the firm is using its resources efficiently and effectively for each project. However, it does not necessarily address resource leveling, budget allocations, or project portfolio management.

Using Cost/time Tradeoffs Permits a Firm to _____