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Six key characteristics of projects.
Has specific time, cost, and (Scope) performance requirements.
Has specific time, cost, and (Scope) performance requirements.
We have to make a trade off between expending time and resources to measure progress vs. accuracy. Luckily there are some guidelines that we can use.
https://pixabay.com/en/centimeter-equipment-inch-inches-15656/
Estimated cost to complete remaining work
Has to be monitored and controlled. Adjustments need to be made. Changes need to be implemented and problems with occur, some of which are hard to predict.