Question

In regard to project priorities, if a project parameter such as the completion date or the cost of a project is fixed and must be met, it is considered ____________.

Answer 1

In regard to project priorities, if a project parameter such as the completion date or the cost of a project is fixed and must be met, it is considered constrained.

Project prioritization is the process of determining which potential and existing projects are the most urgent and important. This process involves evaluating the standards most relevant to your business and applying those standards to all projects.

The project scope is the part of the project plan that establishes and documents a list of objectives, deliverables, tasks, costs, and deadlines for a particular project. A document about the scope of a project is called a scope statement or terms of reference.

The project priority system selects which projects should be pursued in support of the organizational strategy. Additionally, a model is needed to assess the long-term effectiveness of the project prioritization system. The scoring model focuses on performance in the following key areas:

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