why do most projects eventually require some type of trade off?

Expert Solution

A trade-off is a strategic decision involving the reduction or loss of one price , quantity or property of a collection or design in exchange for benefits in other respects. In basic terms, the tradeoff is where one element is increasing and the other has to decrease.

Trade-offs are almost always required as conditions will change, therefore allowing trade-offs to take place.

Project managers face challenging circumstances where the client needs more than can be done within the time or expense or resource constraints.
m. Manager or clients want the shortest timeline possible. Other are pressing for the lowest cost or budget. And everyone wants as many features as possible to satisfy a wide range of customers.

But the resources are tight, of course! If there are no explicit tradeoffs, if everyone enters the project just trying to make everyone happy, usually the result is less than anyone wanted, and there's a bad feeling all around. That's why trade-off is very important.

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Rahul Sunny answered 2 years ago

All off-balance-sheet items will eventually move on to the balance sheet at some point in time.

All off-balance-sheet items will eventually move on to the balance sheet at some point in time.TrueFalse

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