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MT 435   Unit 6 Discussion Question

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:

  • 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. 
MT 435 Week 6 Discussion Question.docx
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Solution Preview

In my industry as an insurance agent there are trade-offs that I and faced with every day to try and maximize my productivity and make the best use of my time. I often times have to focus on cost to the major detriment of the other two. Although schedule and performance in my projects are important the main focus in my industry is often times cost. Cost 

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