Conflicting expectations among stakeholders related to performance,cost,and time will require the project manager to make appropriate ____________ in order to balance competing demands related to these objectives.

Question

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Conflicting expectations among stakeholders are common in project management, and they may relate to performance, cost, and time objectives. To balance these competing demands, the project manager may need to make appropriate trade-offs. This means that the project manager may need to adjust one or more objectives to achieve a desirable outcome. For instance, if the stakeholders prioritize cost over performance, the project manager may reduce some features or functionalities of the product to save costs. Conversely, if the stakeholders prioritize performance over time, the project manager may increase the project duration to deliver a high-quality product. Therefore, trade-offs are a necessary part of project management, and the project manager should have the skills to analyze the situation and make informed decisions.

Conflicting Expectations Among Stakeholders Related to Performance,cost,and Time Will Require