Brainstorm within your team and attempt to adjust the schedule so that the duration of the schedule is longer, but the overall budget is reduced by 10 to 15%. Achieving this will take some creativity. You may feel free to make assumptions such as reducing the overall number of resources required, obtaining discounts for later deliveries, etc. You may feel free to get creative with the budget reduction assumptions so long as you document your assumptions and explain your rationale.

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Answer Traditionally the concept of tradeoff in Project Management tends to refer specifically to problems which demand finding a balance between the projects time and cost Such challenges have been s... View the full answer